Company Performance Metrics
Pradyumna Gupta: Co-FounderPast Role: Corning, Process Development Lead - Gorilla Glass
Srikanth Kakani: Co-Founder & CEOPast Role: Chocolate, Co-Founder, CTO
Weekly Grocery Shopping is a painful necessity for Value Customers looking for Speciality (High GM) Foods in the US. This segment us is a large, growing affluent population that likes to cook at home. However, typical store is far away from most of the customers. Therefore, the customer drives 30 mins each way and spends up-to 1.5 hours in doing
grocery shopping each week.
AVOCADO solves this problem by delivering groceries to the doorstep of the consumer at store prices for FREE. There is no reason for consumers to continue to drive to their stores to do grocery shopping. AVOCADO drives efficiencies by batching the deliveries. This has allowed AVOCADO to maintain high growth while remaining close to break even at gross margin level.
AVOCADO is fully software driven with no field operations. This has allowed us to scale effortlessly across cities.
AVOCADO is sustainably growing 10% week over week for the past 12 weeks.
