Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Grocery delivery app Beelivery acquires Pinga and targets future deals

Grocery delivery app Beelivery acquires Pinga and targets future deals

Thu, 27 Jan 2022 | BUSINESS SALE



On-demand grocery and alcohol delivery company Beelivery has acquired London-based counterpart Pinga for an undisclosed amount. The deal sees Congleton-based Beelivery acquire Pinga’s approximately 600 drivers and riders, as well as more than 5,000 customers.

The acquisition comes in the wake of several investments in Beelivery over the past year, which has enabled the company to rapidly scale its growth plans. The firm is looking to complete more deals as it raises a further £25 million in a funding round.

In April 2021, Beelivery received a £2 million investment from the venture capital arm of broadcaster UKTV, before an investment of more than £1 million from Canadian merchant bank GreenBank Capital the following June.

Following the acquisition of Pinga, Beelivery joint CEO and co-founder Yazan Bin Mohamed commented: "This acquisition enables Beelivery to leverage the driver capacity and loyal customers of Pinga in Central London and extend our lead in this competitive market."

"The company is now exploring further M&A deals, and in particular we are now open towards further strategic alignment with our closest competitors. We are open towards mergers or strategic acquisition in the UK or worldwide while we are raising our £25m round."

The GS Verde Group acted as advisers to Pinga on the deal.

The acquisition is the latest deal in a period of rapid growth for the on-demand delivery sector in the UK, which has been booming since the beginning of the COVID-19 pandemic and attracting huge amounts of investor interest and M&A activity.

While takeaway delivery has been a high growth market for many years, the pandemic has been particularly beneficial for the grocery delivery sector. Beelivery is one of several businesses in the grocery delivery space to have experienced strong growth, along with the likes of Getir and Gorillas.


Find businesses for sale here.

If you are looking for an exit, We can help!

Read more about the impact of COVID-19 on the delivery sector.


Share this article



Latest Businesses for Sale

Craft Beer Microbrewery
London, UK

A creative and well-regarded brewery with a strong reputation across the region. Offers an array of craft beers, including IPAs, pale ales, lagers and stouts.

Asking Price: Offers Invited
Turnover: £789,000

LEASEHOLD


Well-Established Winery
UK Wide

Family owned certified organic vineyards and winery producing wine in Europe for over 30 years. Operating from a purpose built winery designed in South Australia the group grows produces and distributes a variety of award winning wines and compliment...

Asking Price: Offers Invited
Turnover: £2,000,000

Winemaker & Vineyard
Kent, South East, UK

This is a retirement sale for one of the oldest vineyards in the South East of England. Last year, the purpose-built winery on site was doubled in size, which in future will enable the business to upscale production from its current levels of 20,000...

Asking Price: £1,500,000
Turnover: £300k - £1m

FREEHOLD



View more businesses for sale

News Search

Latest News

 
27
 
May
 

Fragrances retailer Bodycare exploring potential sale amid high street decline | BUSINESS SALE

High street fragrances retailer Bodycare has reportedly enga...

 
26
 
May
 

DCJ Group targeting more acquisitions after SM Commercial takeover | BUSINESS SALE

Insurance and risk management firm DCJ Group, a part of Glob...

 
25
 
May
 

Can pre-pack administrations still play a central part in restructuring UK businesses? | BUSINESS NEWS

Despite proving a popular option when it comes to business r...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.