Pires Investments PLC Buymie partners with Co-op
26 Maggio 2020 - 3:05PM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
26 May 2020
Pires Investments plc
("Pires" or the "Company")
Buymie partners with Co-op for same day online delivery service
Pires is pleased to provide an update on its investment in Sure
Valley Ventures ("SVV") in relation to Buymie Technologies Limited
("Buymie"), a company within the SVV portfolio.
Buymie, the online grocery delivery provider, has teamed up with
the UK supermarket chain Co-op ("Co-op") to offer same-day home
deliveries to more than 200,000 households in Bristol. This is the
first partnership in the UK for Buymie as the company accelerates
its UK expansion plans.
Buymie has created a platform that uses artificial intelligence
to provide consumers with access to multiple large retailers.
Buymie's model does not require vans and warehouses to be able to
increase its capacity and can scale its service in weeks rather
than months. This is achieved by using state of the art platform
technology and connectivity to connect consumers with a network of
hundreds of independent personal shoppers who can pick and deliver
items directly from retail stores to consumers.
Buymie has already signed a multi-year partnership agreement
with Lidl Ireland where it will provide a personalised online
grocery delivery service for the retailer. The company also allows
consumers to order from Tesco Ireland.
Further details about Buymie can be found at www.buymie.com.
A video interview with the founder and CEO of Buymie, Devan
Hughes and Nicholas Lee, director of Pires, can also be found on
the Pires website at www.piresinvestments.com.
Pires has a circa 13% interest in SVV. SVV is a venture capital
fund focused on investing in the software technology sector with a
specific focus on artificial intelligence, the internet of things
and augmented and virtual reality.
Enquiries:
Pires Investments plc
Peter Redmond, Chairman Tel: +44 (0) 20 3368 8961
Nicholas Lee, Director
Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
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END
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