From Soil to Shelf — Investor Overview

A grocery store that actually knows its farmers.

Farmthru is a new kind of grocery store — built on high-efficiency warehouse hubs, stocked with products sourced from local farms, and designed to give customers something supermarkets can't: real transparency on where their food comes from and why it's worth buying.

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A$120B+
Australian grocery market
67%
Controlled by two companies
21%
Online grocery CAGR to 2033
A$2M
Pre-seed raise

The Duopoly Tax

Two companies control 67% of Australian grocery — and families are paying the price.

Grocery costs in Australia have surged over 24% in the last five years — the highest increase in the developed world. Coles and Woolworths, currently facing Federal Court proceedings over "illusory discounts," have created a system where neither producers nor consumers win.

For producers, the duopoly squeezes margins and locks out smaller operators who can't meet punishing supply chain terms. For consumers, the result is rising prices, declining trust, and a frustrating lack of choice.

Families who want quality are forced into two bad options: overpriced boutique stores, or the time-consuming trek to a big-box warehouse 40 minutes away. The system doesn't need another supermarket. It needs a different model entirely.

24%
Grocery cost increase over 5 years — the highest in the developed world
68%
Of Australians switched supermarkets last year to find better pricing
65%
Find food labels too confusing to navigate — leading to $2,500/yr in household food waste

The Bifurcated Basket

Australians are trading down on staples — and reinvesting in what matters.

Something interesting is happening: 80% of shoppers have switched to private labels for pantry staples, but they're redirecting those savings into categories they care about — particularly quality proteins. Wagyu beef is now the 4th most-ordered food item on delivery apps, even under cost-of-living pressure.

This isn't about being a premium health store. It's about being the place where people come for quality products they can trust — and stay for everything else, because the value and transparency are better than what they're getting now.

A$120B+
Australian grocery market today, projected A$238B by 2034
A$14B → A$80B
Online grocery growth trajectory to 2033, 21% CAGR
A$4.4B
Costco Australia revenue with 1.5M members — proving bulk-value demand exists

Logistical Arbitrage

90% lower overhead than traditional retail. We pass every dollar of that back to the customer.

Farmthru is based on the French "Drive" model — Chronodrive pioneered grocery drive-thru collection and now commands 32.7% market share in France. The concept: small-format urban warehouse hubs (3,000–10,000 sq ft) replace expensive retail storefronts. No aisles to staff, no shelf displays to maintain, no prime retail rent.

Customers order online, and their groceries are picked, packed, and ready for a 5-minute drive-thru collection — or local delivery. Within 30 minutes of ordering, groceries are loaded into the customer's car.

Where Costco needs 140,000 sq ft destination stores on city fringes, our compact hubs sit inside the neighbourhoods where families actually live — what we call the "wealth belts."

This isn't about making people drive to a warehouse. It's about bringing the warehouse to them.

A.

Real Farm Products

We stock products from local producers — farms that can't access the major supermarket supply chains but produce exceptional products. By keeping supply chains short and cutting out unnecessary layers, we reduce costs while supporting producers who do things properly. Every product on Farmthru comes with its origin story: who made it, where it's from, and why we chose it.

B.

Bulk Value, No Friction

Carton-first pricing gives customers warehouse-level prices on quality products. No membership required to shop, though an optional membership tier drives recurring revenue — modelled on Costco's 90% renewal rate.

C.

Online-First Efficiency

No retail theatre means lower overhead. Our automated hubs pick at 700–800 units per hour versus 60–70 in traditional retail. AI-driven demand forecasting reduces waste on perishables — the category where shrinkage kills margins.

D.

Transparency as a Feature

Every product earns its place through a clear vetting process — "Why It Made the Cut." This isn't about being preachy; it's about giving customers the information the supermarkets don't. What's in it, where it's from, and why it's worth your money.

The Numbers That Matter

Turning grocery's biggest cost centre into a margin advantage.

The economics of grocery fulfilment are brutal for traditional supermarkets. Home delivery loses them roughly 15% margin. Click-and-collect loses 5%. Farmthru's hub-first model achieves a positive 2% margin on collection from day one — because the entire operation is designed around it, not bolted on.

Metric Supermarkets Farmthru
Home delivery margin −15% N/A (pickup-first)
Click & collect margin −5% +2%
Pick speed 60–70 UPH 700–800 UPH
Premises Prime retail rent Warehouse / light industrial
Perishable waste Industry standard AI-forecasted, reduced
~30%
Target gross margin
150
Orders/week to breakeven per hub
A$6.8M
Annual revenue per hub at scale

The Great Supermarket Defection

Three forces are converging to create the perfect window.

01

Regulatory Tailwind

The ACCC's 2026 crackdown on shrinkflation and greenwashing has put the duopoly under a spotlight. Consumer trust in major supermarkets is at historic lows, creating a massive opening for a transparent, authentic alternative.

02

Infrastructure Shift

Curbside grocery collection has doubled since 2022, with 1 in 8 Australian consumers now choosing this method. The "Drive" model that's standard in France is arriving — and no incumbent owns it here.

03

Demographic Alignment

High-income households are shifting toward "intentional spending" — they want to know where their food comes from and they're willing to change how they shop to get it. They don't need a health food store. They need a grocer they can trust.

Northern Beaches Pilot

Live since January 2026 — starting where the demand is strongest.

The Catchment

Our pilot is running from a Brookvale hub, serving Sydney's Northern Beaches — where 41.8% of households earn A$3,000+ per week (median income $2,592/wk vs $1,829 NSW average). These are families who care about what they feed their kids, have the income to act on it, and are frustrated by their current options.

Why Northern Beaches

A tight-knit community with strong word-of-mouth dynamics, active local Facebook groups, and a concentration of farmers' market shoppers — the exact audience most likely to trial a new model.

Go-to-Market

We're leading with relationships, not ad spend. Rachel Ward and Bryan Brown — who run a regenerative farm on the NSW Mid-North Coast — provide immediate brand credibility and media access across publications like Country Living, Gourmet Traveller, and Qantas Magazine.

Customer Acquisition

Community-first: geo-targeted social content around school zones and gyms, partnerships with local voices, and a Founding Member launch offer (early access + 6-month free membership). "Try-One" pricing lets new customers test quality before committing to bulk volume.

Pilot Launched: January 2026

Scaling the Network

A repeatable hub model designed to expand across Australia's wealth belts.

Year 1
Northern Beaches
1 hub in Brookvale — live since January 2026. Proving the model, building the community, path to breakeven at 150 orders per week.
In progress
Year 2
Sydney Expansion
3 new hubs across Sydney's Eastern Suburbs, North Shore, and Inner West. Same playbook, same economics.
~A$20M network
Years 3–5
NSW & Victoria
Scale to 10 hubs across NSW and VIC. Tech platform and supplier network scale without rebuilding.
A$68M network revenue

Who We Are

4+ years in food supply chain, warehouse systems, and building relationships with local producers.

Co-founder & CEO

Mathieu Jamet

Background in technology, eCommerce, and food supply chain. Hands-on builder of the Farmthru platform — from Shopify development and AI-powered customer support to automated supplier onboarding. Bringing a tech-first approach to a category that desperately needs it.

Co-founder & COO

Sean Miller

Deep experience in food operations, logistics, and warehouse management. Built and managed supply chains connecting local producers to customers. Focused on operational excellence — the purchasing, quality, and fulfilment that make or break a food business.

Supported By

Rachel Ward & Bryan Brown — regenerative farmers on the NSW Mid-North Coast, brand ambassadors, and among the first suppliers on the platform. Their public profile provides launch credibility and opens doors to high-impact PR across national media.

Confirmed supplier partners: Rachel's Farm, Bellamy & Sons, Gillinghall Farmer Brown's Pastured Eggs, Happy Hens Healthy Eggs, Block 11 Organics.

A$2M Pre-Seed Round

Raising capital for launch and an 18-month runway to hub breakeven.

40%

Team

Purchasing Lead, Warehouse Manager, Ops/Admin — the people who make the hub run.

25%

Hub Setup & Inventory

Fit-out of Brookvale hub, initial inventory float for launch categories.

20%

Tech Platform

AI demand forecasting, platform automation, supplier management tools.

15%

Marketing & Launch

Community launch, influencer partnerships, founding member campaign.

What Success Looks Like at 18 Months

Brookvale hub operating at breakeven — 150+ orders per week
Validated unit economics ready for hub replication
Supplier network of 50+ local producers
Customer repeat rate benchmarking 45%+
Ready to raise Series A for Sydney expansion

Join the Journey

Farmthru is raising its pre-seed round from angels, private investors, and aligned backers who believe Australian families deserve a better grocery option. Leave your details below and we'll be in touch.

1. ACCC Supermarkets Inquiry — Final Report (2026). accc.gov.au

2. ACCC Supermarkets Inquiry 2024-25. accc.gov.au

3. Market Research Future — Organic Beef Meat Market Forecast 2035. marketresearchfuture.com

4. Purdue University — Consumer Food Insights: U.S. and Australia (2025). purdue.edu

5. Financial Models Lab — Butcher Shop Owner Income Analysis. financialmodelslab.com

6. UWA Research Repository — Food Provenance & Willingness to Pay. uwa.edu.au