Grocery delivery startup VOLY raises $18m in a seed funding round led by Sequoia

VOLY, a Sydney based grocery delivery startup, has raised $18 million in a seed round led by Sequoia Capital India, alongside increased backing from Global Founders Capital (GFC) and Artesian Capital. 

Today's seed funding announcement sets a new record for a food delivery company in Australia, and will enable VOLY to continue to scale, expand the team, rapidly increase operations across key urban centres and start a national rollout. 

‘VOLY is here to completely change the way people shop for groceries by giving Australians back their most precious resource, time. Our model, from a fully employed delivery and dispatch team to the way we use electric bikes to deliver, is designed around the way people live. We firmly believe that our customers have a better experience when our riders and other staff are part of the company, working with us,’ says Mark Heath, Co-CEO, VOLY. 

Founded by co-CEOs Mark Heath and Thibault Henry, VOLY launched in July 2021 and currently delivers groceries to 42 Sydney suburbs from its own operations with in-house riders, delivery centre and store staff, sourcing groceries from local suppliers. Heath has earlier helped launch Uber in Australia after a career at Goldman Sachs, while Henry has built, scaled and sold Balto which was a B2B last-mile business with clients such as HelloFresh, Marley Spoon and YouFoodz. 

Image Credits: Forbes