
Grocamie
Online platform for community bulk-buying of groceries.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $10.0k | Convertible | |
Total Funding | 000k |
Grocamie is a technology company in the e-commerce sector, specializing in a community-based group buying model for groceries. Founded in 2020 by Parth Garg and Jai Hindocha, the company is headquartered in Abu Dhabi, United Arab Emirates, with a registered entity in India as well. The founders identified an opportunity to reduce grocery costs for consumers by enabling bulk purchases at a community level.
The business operates an online platform where users within a local community can aggregate their grocery orders to buy in bulk, thereby accessing wholesale prices. The model relies on franchise owners who manage the last-mile delivery of the aggregated orders to the customers. This structure facilitates cost savings for consumers while creating business opportunities for local franchise partners. Grocamie primarily serves individual consumers within residential communities looking for cost-effective grocery shopping solutions.
While the company was incorporated in India in late 2020, its operational base is in Abu Dhabi. As of recent reports, the company is unfunded. The Indian entity, Grocamie India Private Limited, lists Manish Bansal and Deep Diwakar as directors.
Keywords: community buying, group purchasing, online grocery, bulk-buy groceries, e-commerce, last-mile delivery, grocery delivery, franchise model, consumer goods, retail technology, Abu Dhabi, grocery savings, shared economy