La Belle Vie, France's top home grocery delivery service, raised €25 million in a funding round led by Left Lane and Quadrille Capital, aiming to accelerate its growth amidst a booming grocery delivery industry.
Target Information
La Belle Vie, founded in 2015 by Paul Lê and Alban Wienkoop, stands as France's leading home grocery delivery service. Since its inception, the company has experienced significant growth and success, driven by a standout selection of fresh and everyday products. With over 17,000 items, including 4,000 fresh products, La Belle Vie ensures deliveries within 1 to 3 hours across the Île-de-France region, utilizing an advanced proprietary supply chain system and strategic partnerships with Système U alongside its four Parisian warehouses.
As of now, La Belle Vie boasts a workforce of more than 600 employees and conducts over 15,000 deliveries weekly, reinforcing its robust business model based on profitability and operational efficiency. The company has successfully completed multiple funding rounds, attracting investments totaling over €42 million, with its latest round led by Left Lane and Quadrille Capital raising €25 million.
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Industry Overview in France
France's grocery delivery industry has witnessed substantial transformation in recent years, fueled by changing consumer habits and the increasing demand for convenience. The market has seen a surge in online grocery shopping, with consumers f
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Disclosed details
Transaction Size: $27M