Beelivery expands radid grocery delivery service with Pinga acquisition

Rapid delivery service Beelivery has acquired rival Pinga for an undisclosed sum.

Pinga currently has 600 London low-emission drivers and riders and 5,000 customers, which has been included in the acquisition.

This will allow them to further extend their already sizable lead in grocery, late night alcohol, and convenience deliveries across London.

READ MORE: Most grocery startups will ‘fail’, admits Beelivery boss

Beelivery said it aims to still offer the delivery of Boots the chemist’s range of products to maintain “Pinga’s successful service”, adding a broader range of products to Beelivery’s existing 4,000 SKU’s.

“This acquisition enables Beelivery to leverage the driver capacity and loyal customers of Pinga in Central London and extend our lead in this competitive market,” Beelivery joint CEO and co-founder Yazan Bin Mohamed said.

“The company is now exploring further M&A deals, and in particular we are now open towards further strategic alignment with our closest competitors. We are open towards mergers or strategic acquisition in the UK or Worldwide while we are raising our £25 million round. ”

Beelivery was first incorporated in 2015 as the first rapid grocery service in the UK and claims it achieves an average delivery time of 46 minutes, with 21% of orders delivered in under 25 minutes.

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