Warwick graduate entrepreneurs develop retail start-up service

Entrepreneurs from the University of Warwick have launched a start-up business Convibo, enabling shopping at multiple supermarkets which is then collected at refigerated lockers.

The startup idea is the brainchild of Warwick graduates, Gregor Tschurtschenthaler, Takis Malavetas and Christian Lerke.

The inventors have all completed MSc courses in Innovation and Entrepreneurship atWMG and developed the business idea following graduation.

Convibo has been in BETA stage from the beginning of June where the team is constantly testing its processes. The service is currently only available to students in and around the Warwick campus area.

There has been a substantial increase in brand awareness of the business throughout campus and so far it has a weekly customer growth rate of 30%.

CoFounder, Gregor Tschurtschenthaler said: “Growing our model outside of university is definitely our goal. At the moment, we test our processes and refine our product and service with students as our first customers”

CoFounder, Takis Malavetas said: “We use emails and printed advertisement such as flyers and posters, however word of mouth has proven very successful, since customers who like the service recommend it to their friends.”

“Even though online grocery shopping is a growing market in the UK and around the world, we have found that the supply chain complexities are making it very hard to operate efficiently.

“By exploring the industry to a larger degree, we came up with a model that may solve many of these complexities providing customers with a convenience they didn’t have before.”

The team expressed their gratitude towards Warwick Manufacturing Group who provided the company with free office space and support and Warwick Commercial Group which enabled them to administrate their business on campus.

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