Coco

Coco

Food delivery service from local restaurants

About

CocoDelivery.com provides a food delivery service that connects customers with local restaurants, delivering meals directly to their homes or workplaces. The service focuses on ensuring that food arrives faster, hotter, and fresher than what is typically offered by competitors. Customers can easily browse local restaurant options and place orders with a straightforward pricing model that includes no hidden fees or tips, making it appealing to those who value transparency. On the restaurant side, CocoDelivery.com helps local businesses expand their reach, potentially boosting their sales. The company operates with a commitment to sustainability, claiming to have zero emissions, which attracts environmentally conscious consumers. By charging a delivery fee that is shared with restaurants, CocoDelivery.com aims to maintain lower fees while relying on a high volume of orders to generate profits.

Company Stage

Series A

Employees

501-1,000

Industries

Food & Agriculture, Social Impact

Total Funding

$40.4M

Headquarters

N/A

Founded

N/A


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Simplify's Take

What believers are saying

  • The $60 million in funding and strategic partnerships, such as with Uber, position Coco for rapid expansion and technological advancements.
  • Coco's commitment to sustainability and zero-emission deliveries aligns with growing consumer demand for environmentally friendly services.
  • The use of teleoperated robots can significantly reduce delivery times and operational costs, enhancing customer satisfaction and profitability.

What critics are saying

  • The reliance on teleoperated robots may face technical and regulatory challenges that could hinder scalability.
  • Operating on lower margins to maintain competitive pricing could strain financial sustainability if volume targets are not met.

What makes Coco unique

  • CocoDelivery.com leverages zero-emission, teleoperated robots for food delivery, setting it apart from traditional delivery services.
  • The transparent pricing model with no hidden fees or tips appeals to customers tired of the typical surcharges in the food delivery industry.
  • Partnerships with major players like Uber Eats expand Coco's reach and credibility in the competitive food delivery market.

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Growth & Insights
Headcount

6 month growth

44%

1 year growth

54%

2 year growth

87%

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