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Former Monzo COO raises £5m for Lollipop, a grocery buying groceries assistant

Lollipop, a web based meals buying groceries assistant, has raised £5m in a seed spherical led via Octopus Ventures.

Lollipop will use the capital to proceed creating its platform, which shall we on-line meals customers plan foods and routinely upload the important elements to baskets.

The London-headquartered startup has partnered with British grocery store Sainsbury’s. Its platform, which remains to be in beta mode, additionally shall we customers upload recipes, construct customized foods, import exterior recipes and offers recipe suggestions in response to nutritional and way of life necessities.

The startup is concentrated on busy households that don’t have the time to meal plan.

Lollipop used to be co-founded in 2020 via Chris Parsons and Tom Foster-Carter, who used to be in the past the COO of Monzo and the co-founder of Curve. Lollipop introduced beta trying out in July closing 12 months for decided on customers.

“Getting the store performed and the circle of relatives fed is already tricky. As dwelling prices upward push, it’s only getting more difficult for crushed oldsters looking to consume healthily, reside sustainably and keep on with the cheap,” stated Foster-Carter, CEO of Lollipop.

Further funding within the seed spherical got here from Maki VC, Anterra Capital and Plug and Play. Earlier traders JamJar and Speedinvest additionally equipped capital.

Plug and Play’s funding comes after its UK release closing month, partnering with Jaguar Land Rover and BT Staff.

“We’re happy to spouse with Lollipop on this new mission. Lollipop makes use of era in an cutting edge manner and we look ahead to operating in combination to carry nice worth, cutting edge meals to extra shoppers,” stated Matthew Roberts, head of virtual technique at Sainsbury’s.

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Lollipop’s seed spherical follows its pre-seed in December 2020. The startup has not too long ago relocated to a warehouse house in London Bridge and objectives to double its crew via the tip of the 12 months.

“We’re seeing an increasing number of tactics to buy groceries, from meal kits to one-hour supply choices, but 80% of families spend over an hour per week meal-planning and on-line grocery buying groceries,” stated Matt Chandler, Investor at Octopus Ventures.

“There’s an enormous hole for a mass-market concept that makes it more straightforward for families to select and store for scrumptious foods with out restricting their selection.”