BeepBeep Trade Quick Start! Raises $6 Million and Considers Southeast Asia Expansion | AsiaTechDaily
Beep beep!a fast-paced commerce start-up focused on fresh produce and daily necessities, has successfully raised a US$6 million seed round led by Japan’s Genesia Ventures.
The startup recently introduced its competitive instant grocery delivery model to consumers in Southeast Asia to meet the modern consumer journey that demands convenience and speed, leading to its successful expansion into Singapore, Vietnam and in Malaysia.
Precursor on the regional scene of pure fast commerce, BeepBeep! launched seven operational warehouses across Southeast Asia to serve its consumers. By meeting the growing demand for the platform with monthly order growth of over 300% since its launch in November 2021, BeepBeep! expand its regional footprint by increasing its number of warehouses tenfold in three countries by the end of 2022.
Pushing the boundaries of e-commerce and logistics, and dubbed the next generation of e-commerce, Rapid Commerce meets the needs of shoppers who expect a faster, more convenient shopping experience in the new normal. Following the supply chain disruption due to the COVID-19 pandemic, quick trade has gained popularity in the United States, parts of Europe, India and also China. In contrast, in Southeast Asia, the race for instant grocery delivery is accelerating even though it is still in its infancy.
Recognize market gaps and seize the opportunity to meet this consumer demand; Marija Brunier, former Global Sales Manager for SEA and Korea for Delivery Hero, and Gaetano Seminario, former Regional Manager for Southeast Asia for Lalamove, co-founded BeepBeep! in September 2021 to deliver convenience, speed and variety in minutes.
The on-demand grocery service from BeepBeep! offers a fast and convenient digital shopping experience that guarantees delivery within 15 minutes. In addition, the products listed on the platform are priced with a zero percentage markup and no minimum spend, which positions BeepBeep well! as an affordable solution for everyday needs. Beep beep! offers personalized customer service and a specially selected assortment of local fresh produce by partnering with international and local FMCG brands for a variety of choices for consumer satisfaction.
Relying on an experienced team with a solid background in e-commerce, BeepBeep! succeeded in accelerating its growth by activating 2 warehouses in Singapore in the first two months since the official launch of the platform, while showing a high rate of consumer loyalty.
“Bip Bip! is committed to providing consumers with quality product assortments that are priced the same as on a supermarket shelf. Beyond that, BeepBeep!’s assortment will also include our international partners and already supporting and ready to scale with BeepBeep!, so everyone can access all their favorite brands with just one click.Whether it’s your favorite local bakery, artisanal or fresh produce, BeepBeep! will bring together unique selections from different partners to satisfy buyers from all walks of life,” Gaetano Seminar, co-founder of BeepBeep! noted.
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