About GrocerKey
GrocerKey is a company based in Minneapolis (United States) founded in 2014 was acquired by Point Pickup in August 2021.. GrocerKey has raised $6.44 million across 6 funding rounds from investors including Point Pickup, Gener8tor and Woodman's Markets. GrocerKey offers products and services including Wynshop Commerce, Wynshop Fulfillment, and Wynshop Personalization. GrocerKey operates in a competitive market with competitors including Shopify, Weebly, Squarespace, Webs and Zenput, among others.
- Headquarter Minneapolis, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wynshop Enterprises Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.44 M (USD)
in 6 rounds
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Latest Funding Round
$2.4 M (USD), Series A
Dec 08, 2020
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Investors
Point Pickup
& 6 more
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Employee Count
Employee Count
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Acquired by
Point Pickup
(Aug 26, 2021)
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Products & Services of GrocerKey
GrocerKey offers a comprehensive portfolio of products and services, including Wynshop Commerce, Wynshop Fulfillment, and Wynshop Personalization. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing digital storefronts and promotions.
Handles order picking and delivery operations efficiently.
Provides product recommendations based on shopper data.
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Funding Insights of GrocerKey
GrocerKey has successfully raised a total of $6.44M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $2.4 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $2.4M
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First Round
First Round
(01 May 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series A - GrocerKey | Valuation |
investors |
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| Apr, 2018 | Amount | Series A - GrocerKey | Valuation | Woodman | |
| Jan, 2017 | Amount | Seed - GrocerKey | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GrocerKey
GrocerKey has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Point Pickup, Gener8tor and Woodman's Markets. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Startups are accelerated via a 12-week program with funding support.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GrocerKey
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GrocerKey
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Grocerkey Comparisons
Competitors of GrocerKey
GrocerKey operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shopify, Weebly, Squarespace, Webs and Zenput, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
E-commerce storefront solutions are provided for online businesses.
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| domain | founded_year | HQ Location |
Tools for creating websites and online stores are provided.
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| domain | founded_year | HQ Location |
Cloud-based website builder tool
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| domain | founded_year | HQ Location |
Websites are built without coding via a cloud-based drag-and-drop platform.
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| domain | founded_year | HQ Location |
Zenput is utilized as an operations execution platform for multi-unit operators.
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| domain | founded_year | HQ Location |
Software suite solutions are provided for food distributor businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Grocerkey
Frequently Asked Questions about GrocerKey
When was GrocerKey founded?
GrocerKey was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is GrocerKey located?
GrocerKey is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is GrocerKey a funded company?
GrocerKey is a funded company, having raised a total of $6.44M across 6 funding rounds to date. The company's 1st funding round was a Seed of $700K, raised on May 01, 2015.
What does GrocerKey do?
GrocerKey was founded in 2014 in Minneapolis, United States, within the eCommerce sector focused on grocery operations. Online stores for grocery businesses are enabled through the platform, which incorporates online ordering, digital merchandising, marketing tools, and analytics. Services such as click-and-collect, home delivery, plan-and-shop functions, and mobile self-checkout are supported across business applications.
Who are the top competitors of GrocerKey?
GrocerKey's top competitors include Shopify, Squarespace and Weebly.
What products or services does GrocerKey offer?
GrocerKey offers Wynshop Commerce, Wynshop Fulfillment, and Wynshop Personalization.
Who are GrocerKey's investors?
GrocerKey has 7 investors. Key investors include Point Pickup, Gener8tor, Woodman's Markets, dunnhumby Ventures, and BrightStar Wisconsin Foundation.