Martie is an online discount grocery store that launched late last year with three million dollars in funding from Upfront Ventures. The company makes gourmet food more affordable for a larger number of people, with brand-name pantry staples—from Annie's and Heinz to Kettle and others—at 40% to 70% off retail.
As an online discount grocery store, Martie is not only cost-effective but convenient as well. The venture started with delivery to residents of California and one requires no memberships or subscriptions to take advantage of the tasty discounts.
In addition to its forward-thinking food service, Martie also contributes to lowering food waste. Co-founder of Martie, Louise Fritjofsson, speaks to this: "After collectively launching more than 5 food brands, the disconnect between the value of surplus inventory–stemming from package changes, seasonal products and change in orders–and available outlets, causes 30-40% of all foods produced to go to landfill."
Online Discount Grocery Stores
Martie Offers Pantry Staples at 40-70% Off Retail
Trend Themes
1. Online Discount Grocery Stores - The trend of online discount grocery stores is disrupting traditional grocery retail by offering cost-effective and convenient shopping options to consumers.
2. Gourmet Food at Affordable Prices - Martie's focus on offering gourmet food at 40-70% off retail prices is disrupting the perception that quality food needs to come at a high cost.
3. Food Waste Reduction - Martie's business model contributes to reducing food waste by providing an outlet for surplus inventory, presenting opportunities for startups in waste reduction and management.
Industry Implications
1. Grocery Retail - The growth of online discount grocery stores is creating an opportunity for traditional grocery retailers to explore cost-cutting measures and e-commerce strategies.
2. Food and Beverage - Martie's focus on offering gourmet food at lower prices presents new opportunities for food and beverage companies positioning themselves in the affordable luxury market.
3. Waste Reduction and Management - Martie's business model highlights the need for waste reduction and management solutions, presenting opportunities for innovation in this space.