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Technology

Zoom Food Group Ltd

Status: Extended

May 4th 2021 - Jun 8th 2021

Zoom 1hr is a hyperlocal last-mile delivery service delivering food, convenience and retail goods within one hour. The company is currently operating in West Midlands, Wales, and bordering English counties. It aims to become a contender in the online food delivery market that is projected to reach over £5 billion in 2021. Zoom 1hr has witnessed 70,000 app downloads, processed over 280,000 orders through its platform, and gained an annual turnover of £665,000 in 2019-2020 at an order growth rate of 108%. Zoom 1hr argues that its list of partners consists of local, national and international stores including Subway and KFC. It has also secured a contract with Co-Op to be its third national last-mile delivery partner, currently servicing 61 stores. The company will use the investment for New Area Mobilisation (NAM), product and website development, key hires, and team expansion.

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Zoom Food Group Ltd Rating Review

Pitch rating powered by CROWDRATING

Rated on 28/05/2021

Pitch Rated

70%

overall

Management

81%

Product

73%

Investment

57%

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    Log in to view target

    £9,303,706
    pre-money valuation

    2.11%
    equity available

    332
    investors

    £1,792
    pledge per investor

    09553671
    company number

    Liquidation
    company status

    21/04/2015
    incorporated 9 years

    Previous Funding rounds
    28 Mar 24 Seedrs £595,084 / 298% 70.33%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 81%

Skills 64%
The Founder/CEO has a vision with experience in mobilising a menu listing website and has quickly evolved from a food ordering service to the leading online delivery food service. As per the profiles listed publicly and on LinkedIn, the Founder/CEO is a serial entrepreneur who shares a passion for service mobilisation, growing and nurturing teams, software development, process engineering, and refinement. The Co-Founder/MD has expertise in building high-performing scale teams and embedding cultures that drive success along with the knowledge of the UK’s Food and Beverage industry that offers Zoom 1hr a significant strength. The management team is also supported by Non-Executive Directors who are taking up the responsibilities of the finance and marketing head in the company. One of the NED mainly focuses on strategic development, building capability, and executional excellence across various businesses in the UK and USA. Another NED is a chartered accountant by profession with robust commercial and financial acumen. He specialises in debt and equity fundraising, acquisitions, disposals, corporate governance, compliance, and risk management. It was noted that the Founder/CEO is also taking up the responsibilities of the product head in the company.

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Funding progress

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Log in to view amount pledged

    Log in to view target

    £9,303,706
    pre-money valuation

    2.11%
    equity available

    332
    investors

    £1,792
    pledge per investor

    09553671
    company number

    Liquidation
    company status

    21/04/2015
    incorporated 9 years

    Previous Funding rounds
    28 Mar 24 Seedrs £595,084 / 298% 70.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • The Daily Telegraph