OVERVIEW:

• Tech-enabled inventory expiry date management system for retailers and grocery stores to decrease food waste, with a SaaS subscription model (€50-150/store/month).

RANGE OF PRODUCTS:

• Software called “FoodMemo” which can be easily integrated into multiple existing devices of retailers, such as Personal Digital Assistant (PDA) or barcode scanner.  

FINANCIALS:

• FY21A revenue: €529k.
• FY22E revenue: €722k pre-breakeven.
• 730 stores mainly with Casino and Monoprix.

MARKET:

• Food waste is a global issue causing 8% of worldwide CO2 emissions & $2.6 trillion in losses every year.
• Global food waste management market is set to surpass $83bn by 2030 from $39bn in 2020 at a 2021-30 CAGR of 5.9%.  

GEOGRAPHY

• France, Morocco.

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