British Corner Shop is an online grocery store serving British expats around the world with over 6,000 products from Britain’s most loved and well-known high street brands.
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.
British Corner Shop operates 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.
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.
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 world class 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.”