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Home World Regional News Europe

Italian startup Bevy hauls in $2 million

Femi Thomas by Femi Thomas
05/18/2022
in Europe
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Bevy Italy

Bevy Italy

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Addressing the problem, Italian startup Bevy, is delivering water and everyday beverages to a customer’s doorstep within 3 hours at supermarket prices, senza delivery fee.

An everyday problem that is still far too common in most parts of Europe is the process of carrying home water cases from the supermarket or discounter. 

Despite the rise of q-commerce players and supermarkets offering delivery services, there is a white space in the market for the fast delivery of bulky products and beverages.

 It should be noted, however, that delivery is available between the operating hours of 8 am and 10 pm, Monday through Saturday.

After rolling out same-day beverage delivery services in April this year, the startup has now raised $2 million in funding to kick off operations across Italy.

The pre-seed round was led by FoodLabs along with the participation of angel investors including Matteo Pichi, founder of Poke House, and Vincenzo Ferrieri, founder of Cioccolati Italiani and Bun Burger.

In 2020, 82% of Italian consumers drank water from PET bottles. 

In a bid to reduce PET bottles in the beverage space, the startup aims to make it easier to purchase and return recyclable glass bottles, traditionally an area reserved for the hotels, restaurants, and catering sector. 

Bevy is instituting a deposit system, one that promotes and incentivizes the use and return of bottles.

Naturally, keeping in time with the ESG tune of the day, Bevy plans to deliver said bottles via a fleet of electric vans.

 

Read more on Tech Gist Africa:

British crypto trading platform, Elwood  raises $70 million

Storyblok rakes in $47 million

Vienna’s byrd flies away with $56 million

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