Buymie Shortlisted For An Irish Times Innovation Award
Buymie has been shortlisted for an Irish Times Innovation Award. The event will take place at the RDS in Dublin on 5 November, 2019.
The online shopping delivery service is up against seven other contenders in the New Frontiers category.
Category winners will receive a €10,000 communications package and will also go forward to compete for the overall Innovation of the Year Award to be in with a chance to secure a top prize of a €150,000 communications package.
The winner will also include a scholarship for two business courses at UCD Business School, which will commence in 2020.
Essentially - the Buymie format enables customers who use the app to order grocery and household items from large retailers such as Lidl and Tesco and have their items delivered in as little as one hour.
The company, which is based in Tallaght said that it can 'do for retail' what Deliveroo 'does for restaurants'.
“Consumer demand for ‘on-demand’ groceries has sky rocketed, with year-on-year growth of 1,211 per cent in this channel versus 7.5 per cent growth in the traditional next-day delivery market," said Devan Hughes, co-founder, Buymie.
Pre-Built Digital Platform
For retailers, it offers a pre-built digital platform and the opportunity to plug into the on-demand grocery delivery market using a shared logistics network, thereby removing the need for large, up-front investment.
To be frank, Buymie has opened an entirely new channel for the fast moving consumer goods (FMCG) sector, which is proving to be an incredible growth opportunity for our retail and brand partners,” he said
Intertrade Ireland and Enterprise Ireland have invested in the company while other backers include consumer goods giant Unilever, Dragon’s Den star Eamonn Quinn and Scott Weavers-Wright, who founded Kiddicare and then went on to run Morrisons online channel after the supermarket acquired his company for £70 million.
This year marks the tenth year of the Irish Times Innovation Awards which were established to 'showcase and reward excellence in innovation across a range of products and services'.
Sponsors include Science Foundation Ireland, Enterprise Ireland, Skillnet Ireland, KPMG and UCD Michael Smurfit Graduate Business School.
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