How Does Olio Make Money?

OLIO has raised funding from venture capital and has a revenue-based business model where it takes a percentage fee for the items that are sold on the app (vs. posted for free). OLIO also lets people give away or sell non food items such as furniture, although that part of the business is just getting started.

How does OLIO make profit?

No, OLIO is not profitable. Although we generate revenues via the Food Waste Heroes Programme, this only funds approximately 30% of the company's monthly expenses, leaving a significant shortfall. ... Without our investors OLIO would not exist, so we're incredibly grateful for their support.

Is OLIO a charity?

As OLIO is not a charity, this means that you need to explain to the store why OLIO should be an exception. OLIO will never step in the way of a charity who wants to collect food – charities always take precedence – but OLIO Food Waste Heroes are amazing at filling in when charities cannot collect.