Food Miles

Food Miles is a Russian service that organizes logistics and supplies of goods from local manufacturers and farmers to large retail chains. By February 2023, the platform operates in Moscow, St. Petersburg and the Far East. The service takes over sales and logistics, document management and other processes that the farmer faces in working with chain stores. The startup launched a digital platform that processes transactions with personal accounts according to the market network principle for all participants in the process: farmers, logicians, merchandisers, veterinarians, etc.

By February 2023, farms and local manufacturers with monthly sales volumes from 50 thousand to 9 million rubles cooperate with the startup. The company and the farmer enter into a simplified agreement, according to which Food Miles takes products from the doors of the production warehouse, if necessary, prepares for shipment at the distribution center, closes the "last mile" directly to the stores, and also organizes the entire document flow for farmers and craft producers - from primary documentation to accounts receivable reconciliation acts with retail chains. The service delivers both the current range of products and the seasonal one, organizes farm corners in stores. The Food Miles Commission is about 10%.

History

2023: Investment from the fund of the co-founder of Vkusville

At the end of February 2023, it became known about investing in Food Miles. The Tiltech Capital fund has invested in the Russian service for delivering local products to its stores (among its co-owners is the founder of the Vkusville chain, Andrei Krivenko). The financial terms of the transaction were not disclosed. It is only known that a 20 percent share in the startup entered its perimeter.

As Kommersant writes with reference to the data of the Unified State Register of Legal Entities (Unified State Register of Legal Entities), by the end of February 2023, the founder of Food Miles LLC Andrei Gidrevich owns 58% of the company, Another 20% now belongs to TilTech Capital, 19.5% - Sergey Dmitriev, 2.5% - Alexander Gorny.

Russian service for the delivery of farm products to Food Miles stores attracted investments from the Tiltech Capital fund

The Food Miles team intends to spend the funds received on the development of the platform in Novosibirsk, Yekaterinburg, Kazan, Samara and other million-plus cities, as well as on the search for commercial managers working with farmers and retail chains. The investment will also go to the development of an IT product to increase the quality and number of services for farmers and manufacturers.^[1]

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