Deliverect has successfully raised $150 million in Series D funding, valuing the startup at over $1.4 billion, to further its expansion and enhance its digital platform for streamlining food delivery operations.

Information on the Target

Deliverect is an innovative startup that has developed a platform designed to streamline the intricate process of ordering and delivery for restaurants. Founded in 2018 in Ghent, Belgium, the company has rapidly gained traction, now operating in 20,000 locations across 40 markets, effectively doubling its footprint in less than a year. Deliverect has experienced significant growth, tripling its year-on-year performance and processing nearly 100 million orders globally. Under the leadership of co-founders Zhong Xu and Jan Hollez, the firm has carved out a niche in the food delivery space, initially serving independent restaurants before expanding to work with larger chains such as Pret A Manger and Taco Bell.

Industry Overview

The food delivery sector has witnessed substantial transformation, particularly in England, where 76% of people now order takeaways at least once a week—a notable increase from 60% prior to the COVID-19 pandemic. This shift in consumer behavior has fueled demand for digital solutions that integrate various ordering systems, reflecting a broader trend of increased reliance on technology within the food and hospitality industry. Deliverect recognizes this opportunity, positioning itself to address the fragmentation that has historically challenged restaurant operations.

Furthermore, this shift has led to the proliferation of various aggregating platforms tailored to different aspects of the hospitality industry, though the restaurant sector remained underserved un