Ireland based food delivery social enterprise is all set to explore new opportunities globally with its latest expansion stint across the Czech Republic, Poland, and Australia, on the back of massive fund allocation. This next gen online food portal has successfully accomplished several pilot programs in the aforementioned countries last year and is anticipated to hit big in its latest expansion venture.
Going ahead with diversifying its optimum food distribution network, FoodCloud has partnered with varied food banks and food delivery charitable organizations to function in tandem with co-retailers, thus enabling them to seamlessly connect with maximum organizations committed to significantly managing food wastage, a global concern.
To further accelerate its expansion pace in food delivery, FoodCloud has recently acquired ample investments from AIB in addition to government funds propelled by institutions such as SIFI (Social Innovation Fund Ireland).To effectively aid this ambitious expansion project, AIB is all set to pump in enormous funds, worth 500,000 pounds annually in a course of three years.
In addition to this, FoodCloud is also likely to be awarded additional funds of over 330,000 pounds by SIFI's Growth Fund that is aimed at investing across several enterprises that are promising enough to multiply capital. As per preliminary talks, FoodCloud is expected to devote a bulk of its funds towards upscaling the capabilities of its flagship FoodCloud platform, diversifying presence and functional scope of FoodCloud Hubs besides revamping its food distribution matrix.
One of the foremost development schemes of FoodCloud rests in app development to efficiently overcome delivery challenges, besides offering round-the-clock services. As more enterprises are envisioned towards curtailing the dual challenges of food wastage and shortage, social enterprises such as FoodCloud are likely to perk up standards, besides incurring ample return on investments.