Co-founder, Grub Cycle
Redza Shahid is the CEO and Co-founder of Grub Cycle, a social supermarket that is dedicated to reducing food waste. Within two years since its launch, Grub Cycle has reduced 3000 kilograms from being thrown to waste while helping customers save up to RM30,000. It has done by allowing consumers to purchase groceries and perishable food that are removed from the shelves due to being close to expiry, damaged packaging or unique appearance at a bargain price.
Grub Cycle has also raised a few rounds of grants and investments worth USD250,000 while gaining the support from Mountain Partners, MaGIC, myHarapan, Cradle, SUPERB TERAJU, Alliance Bank and Manulife - along with winning two awards at the Alliance BizSmart Challenge 2016.
Prior to Grub Cycle, Redza’s accounting background has landed him a 3 years stint at WorleyParsons focusing on finance in the oil & gas industry before eventually using his expertise with numbers to help startups at Qeerad, an Angel Investment company that looks for promising startups to invest in. Armed with 2 years of startup investment experience, he decided to join MaGIC’s accelerator program to validate his idea and officially launched Grub Cycle after 2 months.
Recently, Redza has been selected as the only representative from Malaysia at the Australia-Asean Emerging Leaders Program where he had the opportunity to join in a roundtable discussion with Australia’s Prime Minister, Malcolm Turnbull.