Alcohol Delivery Service Seeks to Raise $250,000
6 August 2018
For immediate release
AUCKLAND’S DEDICATED ALCOHOL DELIVERY SERVICE SEEKS TO RAISE $250,000 THROUGH EQUITY CROWDFUNDING
The company that’s transforming the way alcohol is shopped and sold online in Auckland is set to crowdfund $250,000 via an equity crowdfunding campaign. With a product catalogue of over 450 items ranging from wine, beer and spirits, My Beer Case is leading the shift from a physical to the digital world in retail of alcohol.
We’re proud to be the first dedicated alcohol delivery service in New Zealand to reach out to our crowd and to have them invest says founder of My Beer Case, Harmeet Sehgal.
“We’ve maintained strong focus from the outset to deliver alcohol in a safe and professional manner. Having achieved this consistently, we’ve gained confidence of our customers and established ourselves as a leader in the on-demand alcohol ecommerce space. In just over a year, we’ve become a destination for consumers seeking to order alcohol online and have it delivered within the hour to the comforts of their homes”, says Sehgal.
My Beer Case has seen solid growth and increased users across the city. With the inability of food delivery apps to deliver alcohol, customers are increasingly taking to dedicated beverage delivery service My Beer Case to have their alcohol delivered within 60 minutes.
It also addresses a big social issue of drink-driving by offering customers an alternative.
“Its very encouraging to see the community making the right choice of ordering drinks online for delivery rather than reaching out for their car keys. We’ve been successful in driving the message that there’s a now a delivery service of alcohol available”, says Sehgal.
The company has received support from Auckland Regional Business Partner Network and funding from the capital raise will be used for brand awareness, managing logistics and migrating to a more secure web platform. The company forecasts increased demand for its corporate delivery service and seeks to provide better service to an existing client base.
“My Beer Case has successfully executed its business model keeping in line with the liquor legislation and has unlocked profitability at seed stage where other delivery companies have failed to execute a sustainable model. The current capital raise will help us better our execution on a more secure web platform and manage frontline operations. It will also contribute towards expanding our reach with a planned marketing approach. With current e-commerce off licence sales of alcohol contributing to less than 2.5% of total sales, there is good opportunity to grow and scale the business."
My Beer Case will launch its crowdfunding campaign through PledgeMe which is New Zealand’s first crowdfunding platform. It’s been operating for the past six years and over 1,200 campaigns have raised $27 Million in funding through PledgeMe. It’s great to have My Beer Case funding their growth plans through PledgeMe, says Chief Lending Officer, Barry Grehan.
“Our mission at PledgeMe is to help kiwis fund the things they care about. It’s great to see a young growing business like My Beer Case, go out to their crowd to fund their growth plans”.
The public offer will go live in September 2018.
About My Beer
My Beer Case is a dedicated alcohol delivery service operating in Auckland. Combining technology and top notch customer service, My Beer Case takes the greatest selection of alcoholic brands combining it with a 60-minute delivery offering ease and reliability to the customer. My Beer Case is set to outperform purchase frequency and customer loyalty of traditional stores.
PledgeMe is a licenced crowdfunding platform in New Zealand. The company has enabled the public to pledge $27 million to project, equity and lend campaigns through PledgeMe for causes and businesses they care about. PledgeMe has had everything funded from books about children with superpowers to large scale beer breweries.