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Friday, June 21, 2024

CaféPod co-founder scoops prize

Peter Grainger, Co-founder of CafePod Coffee Company, has scooped ‘Small Business Entrepreneur of the Year’ in the Natwest Great British Entrepreneur Awards. Since launching in 2011, the CafePod Coffee Company has become the supermarket leader and fastest-growing Nespresso compatible brand in the UK. Grainger’s story started with his own personal frustration at how difficult and expensive it was to buy Nespresso pods. At that time, Nespresso had the monopoly on the at-home coffee capsule. However, with its patent about to expire, and without Grainger knowing anything about coffee at the time, he and his business partner ditched their regular jobs, dived straight in and became the first company to produce Nespresso-compatible coffee capsules. In November, they raised £3 million to drive brand growth and distribution for the business which is now valued at £30 million. Grainger described the accolade as a “fitting end” to 2018 which included a relaunch, rebrand and first ever company advertising campaign.

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