Kul Bhushan · · 1 min readSequoia leads $13m round of Australian instant grocery startup
Voly, an instant online grocery startup based in Australia, has raised A$18 million (US$13 million) in a seed round led by Sequoia Capital India. Global Founders Capital (GFC) and Artesian Capital also invested in the company.
Voly co-founders (from left) Mark Heath and Thibault Henry / Photo credit: Voly
Voly aims to disrupt the local grocery space, which is estimated to be worth over US$88 billion and dominated by offline retail. The startup wants to streamline the process of ordering groceries online by making it as “easy and engaging as browsing Instagram.”
It promises to deliver orders in 15 minutes or less. Voly also uses electric bikes and employs its own riders, delivery centers, and store staff.
See also: Dark stores light up red-hot grocery delivery market
The company was established earlier this year by ex-Uber executive Mark Heath and Thibault Henry, who previously co-founded Balto, a last-mile delivery service firm.
Voly plans to use the fresh capital to expand its operations and increase its headcount. The startup offers its services across 42 suburbs in Sydney and is looking to cover more areas in the near future.
Currency converted from Australian dollar to US dollar: US$1 = A$1.39.
Editing by Collin Furtado and Eileen C. Ang
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