GETFASTER.IO

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City: Düsseldorf

State: Nordrhein-Westfalen

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Country: Germany

GetFaster.IO changes the way people buy groceries. With delivery time starting from 10 minutes, target assortment of 2500 SKUs and prices in line with the next chain store, GetFaster is disrupting food retail market to become one of biggest German grocery retailers. GetFaster launched its operations in Düsseldorf in October 2021 to provide German households with fast, convenient, and safe way to buy groceries. With delivery time starting from 10 minutes, prices in line with the closest chain store, and assortment of 1500+ SKUs (to be increased to 2500+), GetFaster is challenging classic grocery retail market. GetFaster big goal is to become one of leading German grocery retailers, offering its services to at least 15 mln German households. Disruption is based on the business model of superfast delivery from the closest Micro Fulfillment Center (MFC), or “darkstore”, as some call them. This model has already proved its efficiency in different countries, from UK and USA to Russia and Turkey. GetFaster GmBH has raised pre-seed round of €1,2mln from several international private investors in January 2021. The business demonstrates steady weekly growth at rate of 25%+ and impressive €45 average check. Currently operating from its first MFC in Düsseldorf, GetFaster plans to open 3-4 new darkstores and start delivery in Essen until June. GetFaster plans to raise more capital on seed round in May-June to maintain aggressive growth and cover at least German cities in 2021. Founders of GetFaster have their roots in ecommerce, grocery retail, logistic, and IT.

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