Company Information

Get to know GroFast UK

GroFast LTD was the UK arm of an on-demand delivery service that initially found success in India. The company entered the competitive UK market in late 2020, aiming to capitalize on the growing demand for quick commerce (q-commerce). Its business model was based on delivering groceries and daily essentials to customers within minutes from strategically located 'dark stores'. The company aimed to compete with other major players in the rapid delivery sector but has since ceased operations and the UK entity has been formally dissolved.

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Technology Software DevelopmentPRIMARY
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GroFast UK

United Kingdom

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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Cyprus

2017

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.