Image source : Buyk
NEW YORK-Buyk is a brand new online grocery store that will deliver your groceries in just 15 minutes or even faster it will launch on the streets of New York City on September 14th.
Buyk will offer zero minimum spending and there will be no delivery charge which makes ultra-fast grocery delivery cheaper than ever and accessible to everyone at no the cost of a premium.
Buyk has been made available to Manhattan and plans to expand to every one of the New York City boroughs by the year 2021’s end. The company plans to start operations in 2022 within the most populous metro areas of the U.S.
The new service draws on the expertise of its experienced founders founders Rodion Shishkov and Slava Bocharov who founded and managed Samokat the European’s fastest-growing ultrafast delivery companies and the largest provider of dark stores among online-only grocery stores that are not based in China with 722 stores in operation in August 2021. of which 323 have opened in the last five months.
Slava Bocharov the Co-Founder and Chief Executive Officer of Buyk: “Three things are central to the Buyk business model: hyperlocality, execution and, of course, our proprietary technology. Tried and tested through years of our European operations, this technology is the magic through which the whole business operates. With this tech, we can assemble the ideal assortment for each area down to the finest detail, we can optimize picking strategies to ensure your order leaves the dark store almost as soon as you’ve put your smartphone down, and we can study the best routes to shave vital minutes off delivery to ensure your order arrives when you need it, and not a second later”
The market for groceries across the US is valued at $1 trillion according to research conducted by the Institute of Grocery Distribution. As the shift from offline to online and mobile shopping, which is accelerated due to the pandemic, turn into an integral aspect of modern life the majority of this market is shifting online. With its ambitious business plan the target market for Buyk could be 40% of the trillion-dollar business, taking part of the market from smaller and medium-sized food retailers.
To deliver on its promise of retail that is real-time, Buyk uses dark stores that are stocked with 2,000 to 3,000 SKUs, to get food and other essentials to customers’ doorsteps within 15 minutes or less. The dark stores are strategically placed to provide the greatest coverage at the fastest possible time, and are equipped with Buyk’s exclusive technology to speed up the process of ordering and delivery.
The technology of Buyk also gives its team members detailed details at a local level which ensures that every dark store is fully stocked in accordance with the particular requirements and preferences of the customers within the particular region.
Rodion Shishkov, Chief Product Officer and Co-Founder of Buyk: “Buyk is a new entrant to the US market, but one that possesses a deep experience and expertise that other players simply cannot match. From our experience building Samokat, we know how to rapidly scale our business, implement the technological solutions needed to optimize margins, and crucially, turn unit economics positive in a market where current players are witnessing significant losses.”
Buyk is dedicated to providing customers with the highest-quality selection typically found in a grocery store and only the most fresh and most delicious products accessible through Buyk’s Buyk app. Additionally, the range of products offered by Buyk will also include local partners and New Yorkers will be able to have access to all their favourite NYC brands with the tap of a button. Additionally, the company plans to launch an exclusive brand that will offer consumers the option of a less expensive, but nevertheless top-quality product in the near future.
The Buyk application is now available to download. The service currently available throughout Manhattan. The rapid rollout is expected to ensure that this service is available to the entire city areas of New York City before the year’s time is up. For more information , go to www.buyk.com.
About Buyk
Buyk is a real-time retail service that provides groceries and essential items to customers’ doorsteps in 15 minutes or faster – with no minimum spend and no delivery fee. The company is led by the founding team of Rodion Shishkov and Slava Bocharov, seasoned professionals in the industry who co-founded and ran Samokat, one of Europe’s leading ultrafast grocery delivery services. Their experience, coupled with Buyk’s tried and tested technological platform, provides a solid foundation for Buyk’s launch in New York, and subsequent expansion across the US market. The Company raised $46m from CM Ventures, Fort Ross, Citius and other investors in a recent funding round ahead of its launch.
Contacts
Tom Kiehn
646-384-3361
buyk@em-comms.com
Source : BUSINESS WIRE
