The grocery and restaurant delivery market in Europe is on fire, and it’s now just received another special delivery by way of a new Belgian unicorn. Deliverect has just announced they’ve secured over €130 million for its global platform that simplifies and streamlines online ordering.
The funding, which is led by Coatue Management LLC and Alkeon Capital Management as well as existing investors Newion, OMERS Ventures, DST Global, Redpoint Ventures and Smartfin, brings Deliverect to a valuation of over €1.2 billion.
The Ghent founded platform has been enjoying a period of accelerated growth and has now received 100 million orders to date, processing one and half million orders per week in 2021 – a 300% increase from the previous year. The startup also took home €16.25 million to expand globally in 2020. Now, they serve 20,000 locations.
They were also one of our home delivery startups to watch last year with their disruptive tech.
Launched in 2018, Delivered’ts SaaS platform automates restaurants’ online order flow through a single point, taking delivery, table app or takeout requests from services like Uber Eats, Grubhub, Deliveroo, Doordash, Foodora, Shopify and more and transferring them straight to the kitchen.
Both small independent restaurants and large global chains such as Kentucky Fried Chicken (KFC), Chipotle, Time Out Market, Five Guys, Taco Bell, Le Pain Quotidien and Outback Steakhouse use Deliverect to bring their delicious meals to the hands of happy customers.
Zhong Xu, Deliverect Co-founder and CEO, said: “As digitization becomes more and more popular, we’ve seen how much not only restaurants, but grocery and convenience stores need streamlined online ordering to meet customer satisfaction, especially among Millennials and Generation Z shoppers.”
While we are seeing more and more funding pumped into the ecommerce space, particularly in food delivery, it stands to reason that it leaves room for innovative tech to support the development and seamless adoption of delivery methods. Deliverect is certainly leading the way here in the European and global space.
With this latest round of funding, Deliverect is investing in engineering and technology advancements, expanding its product portfolio, and scaling to serve hundreds of thousands of establishments, which now includes convenience and grocery stores in addition to restaurants. To better support these customers, Deliverect is also launching a dedicated App Store. The efforts driven by this financing will contribute to expanding the company’s footprint and accelerating its growth.
“This funding will advance our efforts to serve everyone in the hospitality community through our App Store and beyond. We’re thrilled for Deliverect’s next phase as the leader in online order automation, especially as so many people prefer the convenience of ready-to-eat food delivery today.” Commented the CEO.