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Jumbogrocery: Simplifying the 'Art of Procurement' in the Hospitality Industry

Jumbogrocery: Simplifying the 'Art of Procurement' in the Hospitality Industry

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Sumbul Siddiqui,Founder & Director

Sumbul Siddiqui

Founder & Director

From a hotel management background to being a corporate professional turned start-up debutant, Sumbul Siddiqui’s journey to start her own venture in the online grocery space is nothing less than an inspiring story in itself. The idea was derived from a series conversation, particularly on the day-to-day struggles faced by her friends across the Hospitality industry in getting the right supplies at the low price, overall helping the restaurateurs to reduce the food cost. Realizing that as technology has come as a blessing and there was no such player in the grocery space that could help them source good brands with multiple product lines in best prices, Sumbul decided to couple her both hotel and corporate experiences with possibly utilizing the credentials to create a tech-enabled platform for solving the underlying issue of procurement.

“Identifying that the issue was big, it strengthened my belief more and made me search for the right set of people to build a platform that digitalizes procurement process in the Hospitality industry. And as it is said, luck by chance; I met Abhishek, over a cup of coffee when I overheard his discussion on the role of CTO on how they cannot only be techies but understand the business operations too. Looking at this I walked up to him. Thus, in a
short while, our passion to develop a future-centric platform to fulfill the market needs clicked and hence, Jumbogrocery came into being,” explicates Sumbul Siddiqui, Founder& Director,Jumbogrocery.

“Moving ahead with the noble objective to fill the gap existing in the highly disorganized market, Jumbogrocery brings in the essence principle of doing business -‘Positive bottomline, No burn cash and Create a Scalable model.”

Moving ahead with the noble objective to fill the gap existing in the highly disorganized market Jumbogrocery brings in the essence principle of doing business - ‘Positive bottomline, No burn cash and Create a Scalable model.’ Today, Jumbogrocery is the most celebrated names as one of the country’s first online B2B grocery marketplace for hotels, restaurants, catering houses and other large institutions serving Food & Beverages.

Redefining & Redesigning with Excellent Solutions
Jumbogrocery’s mission is to render a platform that gives the dynamic market the best price on a real-time basis. The company started off by creating an asset-light model close to ‘Zero Inventory’ structure and ensures minimal surplus. It’s intelligent algorithms assist to manage the inventory without excess stocking up/blocking the working capital. Sumbul states, “B2B Grocery unlike B2C is highly fragmented and inefficiently managed with multiple vendors servicing one single client. At Jumbogrocery, we are solving for the inefficiency & complexity built into B2B procurement process within HoReCa, by mitigating manual process, poor quality control aspect and non-availability of multiple brands at one place.”
In addition, to the latest technological advances, Jumbogrocery provides the power at the client’s fingertip to manage their cost effectively and automate their procurement processes.

With over 90 % repeat clientele and a Profitable Sustainable and Scalable revenue model, Jumbogrocery model caters to all kinds of Institutions within F&B industry be it restaurents, hotels or catering houses. Differential Volume based discounting model, Contracting-on-the-go feature with fixed tenure and “Click to Order” continues to be our USP. We want to be the trusted vendors/partners known for sourcing, aggregating and delivering quality branded products.

Start Small, Think Big
Jumbogrocery currently serves across Gurgaon, Delhi and Noida along with parts of Jaipur and Lucknow. The company plans to expand in Bangalore, Mumbai, and Dubai and is looking for strategic investors to partner. It is in the process to launch their own Private label to offer better Quality product at Best price. “With our vision to provide end to end solutions to HoReCa industry, we are also moving ahead to additional support as a SaaS provider. All possible technology support that a restaurant requires today will be provided by us Be it CRM, POS, Website to App creation and management and even Social Media strategy.”

“This is a conscious move to do more than just grocery deliveries to HoReCa where we can positively impact not just their bottomline but also improve their topline-Revenue numbers. We at Jumbogrocery believe that technology is a strong enabler and we can be a strong long term partner that would digitalise their complete operations end to end,” concludes Sambul.