The funding will help Deliverect launch an app store and move into new geographic markets. Here are the top-line bullets you need to know.
Deliverect, an online food delivery management startup, has raised $150M in a Series D. The round drew participation from Coatue Management, Alkeon Capital Management, DST Global, and OMERS Ventures, among others.
How’s the company performing?
- Belgium-based Deliverect’s omnichannel SaaS platform streamlines order delivery by automating restaurants’ order flow from channels such as DoorDash, Uber Eats, Grubhub, and Shopify.
- Deliverect has completed 100M orders since launch. It processed over 1.5M orders per week in 2021, increasing 300% in less than a year.
- The company serves 20K customers across 40+ markets and has offices in Ghent, London, Madrid, New York, Paris, Dubai, Mexico, Toronto, Edinburgh, Sydney, Amersfoort, and Copenhagen.
Source: Deliverect
Why does the market matter?
- The global online food delivery market is expected to reach $63.6B by 2025, growing at a CAGR of 15.4%, according to Grand View Research. This will spur growth for order and delivery management solutions.
- Covid-19 lockdowns, store closures, and social distancing protocols have led to an increase in online delivery volumes. Additionally, increasing demand for fresh food options and fast delivery have contributed to market growth.
