GROCART To Expand Its Operations In MENA
Post-pandemic, Grocart boosted operations of Over 1000 One-Stop-Shops in the UAE, helping them thrive and survive. Grocart has delivered over 10,000 orders and signed partnership agreements with market-leading suppliers, with over 3000 products on Grocart from over 200 brands. The company hopes to expand its smart B2B operations across the MENA region after a successful […]
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Post-pandemic, Grocart boosted operations of Over 1000 One-Stop-Shops in the UAE, helping them thrive and survive.
Grocart has delivered over 10,000 orders and signed partnership agreements with market-leading suppliers, with over 3000 products on Grocart from over 200 brands. The company hopes to expand its smart B2B operations across the MENA region after a successful launch in UAE, Saudi Arabia, and Egypt, which both have many small shops.
Grocart allows FMCG retailers to source their supplies efficiently, effectively, and seamlessly with a couple of clicks through an innovative, tech-savvy web application platform.
The research undertaken by the company revealed that the B2B wholesale market in UAE & MENA is extremely fragmented, with many challenges for suppliers & distributors, too. It includes poor reach, high cost of logistics & difficulties in credit terms, resulting in slow supply cycles for the small grocery market. The market gap was evident during the Covid-19 pandemic, where the need was greater for small retailers who were very important for the economy, but they suffered from slow supply cycles and higher costs.
The platform has streamlined the B2B wholesale market in the UAE for suppliers and distributors, allowing them to allocate their resources minus the challenges of high cost, poor reach, faulty logistic chains, and rigid credit terms. Now GroCart is aiming to reach 20k orders within a few months and raising a new investment round to expand in the MENA region.
“Grocery stores are found in every community, big or small, in remote areas and busy streets. There is something about them that is so charming and nostalgic. When the pandemic hit, they remained open, but we noticed some struggled with deliveries or getting items on time. That is why we wanted to create a seamless solution to help them thrive and survive with a click of a finger. After all, they are our supply line in a time of crisis, in the middle of the night, or just because it’s always close by”, said Hussein Hosni, Co-Founder, and CEO of Grocart.
According to a recent analysis report by Frost & Sullivan on the KSA and UAE F&B market, the grocery purchase market size in the UAE accounts for more than 37B $ and the Grocart team is seeking to reach 34M$ in sales on their website. The unique business model is considered one of the first in the local market to adopt a hybrid model that meets all suppliers’ needs.
Grocart has solved the gap in supply chains by providing the right resources to retailers via technology, which connects them with manufacturers and distributors, providing them with fast delivery and access to over 30K products, and offering flexible funding solutions. The platform is a one-stop fulfillment center for all suppliers and distributors. It provides storage, fulfillment, and logistics support – decreasing operational costs by more than 30 % and offering 100 % coverage with 10X faster supply. Grocart technology can also manage inventory with suppliers, enabling them to reach thousands of customers and sell their wide range of products.
Grocart is welcoming FMCG manufacturers and suppliers alike to join their platform to list all their products for free to get instant exposure to thousands of SMEs all over UAE and beyond.
