PITCH DECK: Russia's Buyk raises $46 million for instant grocery app

The founders behind Russian delivery service Samokat have raised $46 million for a new instant grocery venture.We got hold of the pitch deck Buyk used to raise $46 million.The pandemic has supercharged services that let users choose convenience store goods via an app, and have them couriered to their door in as little as 10 minutes by an individual rider.

The high fundraise figures and the emergence of new players mean the sector is highly competitive, especially in the US and Europe.London-based startup DijaEurope's remaining independent players have raised ever-growing piles of cash to win market share, with Turkey's Getir and Germany's Gorillas raising above $1 billion collectively.

We asked cofounder Shishkov to walk us through Buyk's pitch deck, and why investors are throwing money at a sector with famously low margins:"We have years of experience," Shishkov told Insider, referring to the experience of building Samokat in Russia.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reddit to Raise Up to $700 Million in New Funding, Valuing Site at More Than $10 BillionReddit announced that it is raising up to $700 million in new funding, giving the community-discussion site a post-money valuation of more than $10 billion, the company announced. Reddit, founded i…
Source: Variety - 🏆 108. / 63 Read more »

Contact Center Software Startup Talkdesk Raises $230 MillionNew and previous investors including Whale Rock Capital Management and Amity Ventures were part of the Series D funding round that values the company at $10 billion. this is terrible news This is incredible news!
Source: WSJ - 🏆 98. / 63 Read more »