A B2B wholesale surplus food platform that fights food waste by connecting suppliers of quality food to commercial buyers such as foodservice, retail and charities.
55% of minimum goal raised
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Lead investor: Haatch Ventures |
Minimum Target £ 185,000 |
Minimum investment amount £ 10,000 |
Maximum Target £ 185,000 |
Maximum investment amount £ 85,000 |
UnderstockMe is a London-based B2B surplus food marketplace that connects food service organisations with major UK suppliers that have quality overstock food products for up to 90% less than standard wholesale list prices. Our mission is to make it easy for food service businesses to access premium overstock wholesale products (and for suppliers to sell it), making the whole food procurement chain more sustainable and saving good food from going to waste in the supply chain.
UnderstockMe at Angel Den's Digital Platforms Pitching Event
UnderstockMe is a marketplace that helps major food suppliers solve the problem of overstock food and get commercial buyers a sustainable opportunity to source quality stock at exceptional discounts of up to 90% off wholesale prices. We also facilitate donations to charities if no buyers can be found, saving food from going to landfill and avoiding disposal costs for suppliers.
Our next big leap is to develop AI-based technology to bring visibility to the food market, unite supplier surplus inventory data and provide actionable predictive pricing suggestions together with new distribution channels.
The UK alone suffers from 22% food loss and waste from all the food currently produced for human consumption. The food manufacturing and wholesale sectors contribute over 16% of this food loss and waste. This discarded food accumulates a loss of £19B and over 25M tonnes of greenhouse gas emissions (GHG).
UnderstockMe is a marketplace, charging a 12% commission on every sale made on the platform.
UnderstockMe is a marketplace that helps major food suppliers solve the problem of overstock food and get commercial buyers a sustainable opportunity to source quality stock at exceptional discounts of up to 90% off wholesale prices. We also facilitate donations to charities if no buyers can be found, saving food from going to landfill and avoiding disposal costs for suppliers.
Our next big leap is to develop AI-based technology to bring visibility to the food market, unite supplier surplus inventory data and provide actionable predictive pricing suggestions together with new distribution channels.
The UK alone suffers from 22% food loss and waste from all the food currently produced for human consumption. The food manufacturing and wholesale sectors contribute over 16% of this food loss and waste. This discarded food accumulates a loss of £19B and over 25M tonnes of greenhouse gas emissions (GHG).
UnderstockMe is a marketplace, charging a 12% commission on every sale made on the platform.