Recipe Box chain Gousto is set to a fifth UK warehouse in Staffordshire after securing funding worth £111 million from Japan-based SoftBank’s Vision 2 Fund and UK banks HSBC and Barclays.
The new fully automatic fulfilment centre will increase capacity by 40% and will be located in Staffordshire. It will be the company’s fifth DC in the UK after facilities in Essex, Lincolnshire and Warrington.
“2022 is set to be another impressive year for Gousto, as we capitalise on the accelerated mega trends driving change in the grocery market: convenience, health, sustainability,” said Timo Boldt, founder and CEO.
“This successful raise is further testament to the relevance and appetite for our recipe box solution.”
In 2020, Logistics Manager reported that the company was looking to at least triple capacity by 2022 following the acquisition of two warehouses in Thurrock and Warrington.