Bene Bono, a French anti-waste food delivery startup, secured €10 million in Series A funding led by AVP, aiming to expand its sustainable grocery model across France and Spain.

Information on the Target

Bene Bono is a French company dedicated to combating food waste by providing customers with access to 'ugly but tasty' fruits and vegetables, as well as grocery products that typically end up in landfills. With a mission to make sustainable food choices accessible, Bene Bono has successfully attracted 20,000 customers across France and Spain. The company differentiates itself in the food delivery market by focusing on quality produce that would otherwise go unsold due to aesthetic imperfections.

Industry Overview in France

The food and grocery delivery sector in France has experienced significant fluctuations in recent years, particularly influenced by the rise and fall of ultra-fast delivery services. Many of these companies, having secured substantial funding, have struggled to achieve profitability due to their inherently complex logistics and operational demands. This challenge is further exacerbated in the instance of instant delivery providers, where scaling to profitability has proven highly problematic.

In recent times, the industry's focus has shifted, with profitability and cash generation emerging as the primary objectives for many e-commerce players. As a result, companies tha