British Corner Shop secures investment to fund its global growth strategy
British Corner Shop, the online grocery store serving British expats around the world, has secured investment from private investor, Rcaptial.
British Corner Shop has over 6,000 products from Britain’s most loved high street brands with a state-of-the-art distribution centre in the Netherlands from which it supplies its growing customer base globally.
Its product, sales, marketing, and customer service teams are based in the UK.
The deal will fund British Corner Shop’s ambitious growth plans for its global direct to consumer ecommerce business, thereby consolidating its market-leading position. British Corner Shop has already served 600,000 customers, and with five million British expats around the world, the opportunity for growth is huge.
Suppliers will benefit from the sustainable growth of the business and increasing global reach, facilitated through a worldclass technology platform, fully integrated operations and logistics network, and a wealth of direct to consumer expertise. The business will continue to invest in technology to ensure it continues to provide the best service, delivering British brands to expats globally, as securely and efficiently as possible.
In addition to strong sales in Europe, British Corner Shop is already seeing growth in North America, with emerging demand in markets such as Australia, Singapore, Israel, and India, and interest from new markets such as Czechia, Slovakia, and Hungary.
British Corner Shop’s management team led by CEO, Tom Carroll, who has had a highly successful career in supply chain and operations for brands such as Dyson, Graze and Pure Electric, is well-placed to deliver the growth strategy, with additional business and financial expertise provided by Rcapital.
Rcapital has an excellent track record of supporting and funding businesses for growth, helping them realise their potential, with previous retail experience including Feather & Black, Cash Generator and Tie Rack.
Tom Carroll, Chief Executive Officer, British Corner Shop, commented: “Today marks a new phase in the sustainable growth of British Corner Shop. With Rcapital’s investment and expertise, we can consolidate our market-leading position, build our global customer base, and, as a result, help our valued suppliers expand their markets.”
Sam Duberley, Investment Manager at Rcapital, said: “We have been thoroughly impressed by Tom and his team and are delighted to be working together through this next phase of growth. British Corner Shop has a strong brand, a worldclass ecommerce platform and a slick global ecommerce fulfilment proposition. New investment from Rcapital will enable British Corner Shop to develop its platform and marketing proposition, and ensure the business continues to provide a fantastic service to expats all around the world.”
