Groceries Galore is a new start-up company that provides grocery shopping, grocery delivery, and catering services for busy professionals with no time to shop. The initial research shows good growth potential. Groceries Galore is most likely to be funded by a venture capital fund.
Step-by-step explanation:
Those people wishes to start a small to medium sized business and having a strong potential of growth can seek Venture capital funds for getting money to start up the enterprise. These are investment funds that have opportunities of high risks and returns.
The venture capital funds works in the following ways. The fund from the wealthy company or an individual will invest their money in the venture capital and they will make VC firm to bear all risks and manage their portfolio of investment. Here in the given example, Groceries Galore is most likely to be funded by a venture capital fund.