The company intends to use the Chapter 11 proceedings to wind down operations and dispose of inventory and assets. As of March 4th, the company has ceased all operations from its 39 stores in New York City and Chicago.
NEW YORK–(BUSINESS WIRE)–Buyk, a real-time retail service that promises grocery delivery within 15 minutes, announces its expansion into Brooklyn, Queens and the Bronx, following a successful launch in Manhattan in September. The move brings the Company’s total number of dark stores to 20, making Buyk one of the largest and fastest-growing ultrafast grocery delivery services operating in New York City.
Buyk uses its proprietary technological stack, combined with a network of strategically located dark stores, to deliver groceries and other essentials to customers’ doorsteps within 15 minutes. The service provides an assortment of supermarket quality, with fresh and tasty products from both leading international brands and New Yorkers’ local favorites available through the Buyk app.
Such a rapid expansion is testament to a highly efficient post-launch period of operations. Manhattan residents have rushed to embrace the service, with trends emerging that indicate high order frequency and customer retention (some cohorts ordering 3+ times per month, others ordering twice daily).
Buyk has previously disclosed ambitious scaling plans for 2021 and beyond, first targeting all five boroughs of New York City, and then other major metropolitan areas across the US. This expansion represents a major first step to realizing these exciting plans.
Slava Bocharov, Co-Founder at Buyk: “We all know how New Yorkers value their time – it is the single most precious commodity in this fast-paced metropolis. So, it is essential that we expand our service to people across the city as quickly as possible, letting all New Yorkers experience the convenience of our 15 minute delivery.
In just two months, Buyk has seen growth that has taken other players in the sector around a year to achieve. However, this is just the beginning of our journey towards making Buyk the go-to name in grocery. We see huge potential for future growth in the ultrafast sector, as online channels continue to represent just a small share of the total grocery market, and Buyk intends to lead the way in this transition from offline to online.
I’m very proud of our record-breaking achievements to date and expect more to follow soon, as we continue to entice consumers to this new, revolutionary style of shopping”.
For more information and to download the Buyk app, visit www.buyk.com.
About Buyk
Buyk is a real-time retail service that provides groceries and essential items to customers’ doorsteps in 15 minutes or faster – with no minimum spend and no delivery fee. The company is led by the founding team of Rodion Shishkov and Slava Bocharov, seasoned professionals in the industry who co-founded and ran Samokat, one of Europe’s leading ultrafast grocery delivery services. Their experience, coupled with Buyk’s tried and tested technological platform, provides a solid foundation for Buyk’s launch in New York, and subsequent expansion across the US market. The Company raised $46m from CM Ventures, Fort Ross, Citius and other investors in a recent funding round ahead of its launch.
NEW YORK–(BUSINESS WIRE)–Buyk, a real-time retail service that promises grocery delivery within 15 minutes, announces its expansion into Brooklyn, Queens and the Bronx, following a successful launch in Manhattan in September. The move brings the Company’s total number of dark stores to 20, making Buyk one of the largest and fastest-growing ultrafast grocery delivery services operating in New York City.
Buyk uses its proprietary technological stack, combined with a network of strategically located dark stores, to deliver groceries and other essentials to customers’ doorsteps within 15 minutes. The service provides an assortment of supermarket quality, with fresh and tasty products from both leading international brands and New Yorkers’ local favorites available through the Buyk app.
Such a rapid expansion is testament to a highly efficient post-launch period of operations. Manhattan residents have rushed to embrace the service, with trends emerging that indicate high order frequency and customer retention (some cohorts ordering 3+ times per month, others ordering twice daily).
Buyk has previously disclosed ambitious scaling plans for 2021 and beyond, first targeting all five boroughs of New York City, and then other major metropolitan areas across the US. This expansion represents a major first step to realizing these exciting plans.
Slava Bocharov, Co-Founder at Buyk: “We all know how New Yorkers value their time – it is the single most precious commodity in this fast-paced metropolis. So, it is essential that we expand our service to people across the city as quickly as possible, letting all New Yorkers experience the convenience of our 15 minute delivery.
In just two months, Buyk has seen growth that has taken other players in the sector around a year to achieve. However, this is just the beginning of our journey towards making Buyk the go-to name in grocery. We see huge potential for future growth in the ultrafast sector, as online channels continue to represent just a small share of the total grocery market, and Buyk intends to lead the way in this transition from offline to online.
I’m very proud of our record-breaking achievements to date and expect more to follow soon, as we continue to entice consumers to this new, revolutionary style of shopping”.
For more information and to download the Buyk app, visit www.buyk.com.
About Buyk
Buyk is a real-time retail service that provides groceries and essential items to customers’ doorsteps in 15 minutes or faster – with no minimum spend and no delivery fee. The company is led by the founding team of Rodion Shishkov and Slava Bocharov, seasoned professionals in the industry who co-founded and ran Samokat, one of Europe’s leading ultrafast grocery delivery services. Their experience, coupled with Buyk’s tried and tested technological platform, provides a solid foundation for Buyk’s launch in New York, and subsequent expansion across the US market. The Company raised $46m from CM Ventures, Fort Ross, Citius and other investors in a recent funding round ahead of its launch.
