Deliverect has raised €16.25 million in Series B funding to enhance its online food delivery management software, addressing the rising demand in the restaurant industry amid the COVID-19 pandemic.
Information on the Target
Deliverect, a Belgian start-up founded in 2018, is revolutionizing the restaurant industry with its online food delivery management software. This subscription-based service seamlessly integrates various third-party online ordering platforms, such as Uber Eats, Deliveroo, Glovo, and DoorDash, into restaurants' point-of-sale systems. By automating the order flow through a consolidated interface, Deliverect alleviates the burden on restaurant staff, eliminating the need to monitor multiple devices and manually input orders, thus significantly reducing workloads and minimizing errors.
Deliverect caters to a diverse clientele, including traditional restaurants and 'virtual' kitchens—delivery-only establishments focused on efficiency. As the demand for online food delivery continues to rise, particularly amidst the COVID-19 pandemic, Deliverect has positioned itself as a vital player in this evolving market. With over 3.5 million orders processed to date, its growing customer base includes notable UK brands like Absurd Bird and You Me Sushi, as well as partnerships with major corporations such as Unilever.
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Industry Overview in Belgium
The online food delivery industry has seen significant growth in Belgium, driven by changing consumer habits and the increasing reliance on digital solutions. The COVID-19 pandemic has accelerated this trend, as a surge in online orderin
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Disclosed details
Transaction Size: $18M
Equity Value: $18M