The food & meal delivery landscape is evolving as it responds to changing consumer expectations, supply chain issues, and more. From ultrafast delivery to ghost kitchens, we take a look at delivery innovators in the space.
The food and meal delivery industry has faced immense pressure over the last 2 years from labor shortages, the supply chain crisis, and increased demand for delivery services.
Despite these challenges, the industry has continued to grow. Funding hit an all-time high last year at $28.4B, up 131% from 2020. More than half of this went to early-stage companies disrupting existing categories or expanding into underserved markets.
Newcomers are bringing customers increased assortment, fresher food, and faster delivery times with solutions like group buying, curbside ghost kitchens, and more. For instance, New York-based Mercato offers delivery services for local specialty-food stores to provide new products for consumers and delivery solutions for small businesses.
Meanwhile, in the ghost kitchen space, Wonder works with notable restaurants and chefs to prepare and deliver meals with food trucks.
Using CB Insights data, we identified 60+ early-stage companies looking to transform food and meal delivery.
This market map consists of private, active companies only and is not intended to be exhaustive of the space. Categories are not mutually exclusive and companies are mapped according to primary use case. The companies within the map have received over $5M in seed/angel or Series A funding from 2021 through April 2022.
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