Overview

Deliverect provides a digital food ordering solution for restaurants, helping them manage their online orders more efficiently. The platform integrates with a restaurant's point of sale system, allowing for seamless order processing from various channels. Key features include menu management, which enables restaurants to update their offerings easily, and order consolidation, which combines orders from multiple sources into one system. Deliverect also offers data analytics to help restaurants understand sales trends and make informed decisions. Unlike many competitors, Deliverect focuses on enhancing direct-to-consumer sales channels and connects businesses with cost-effective fulfillment partners. The goal of Deliverect is to streamline restaurant operations and drive revenue growth, as evidenced by their significant increase in order processing and successful partnerships with clients like One Stop Stores.

Simplify's Take

What believers are saying

• Increased demand for contactless solutions boosts Deliverect's smart ordering kiosks and automation tools.
• The rise of ghost kitchens expands the market for Deliverect's digital ordering platform.
• Deliverect's AI-driven analytics capitalize on the trend of integrating AI in restaurant operations.

What critics are saying

• Increased competition from similar food tech companies could erode Deliverect's market share.
• The acquisition of Tabesto may lead to integration challenges and disrupt operations.
• Rapid expansion into new markets may strain Deliverect's resources and affect service quality.

What makes Deliverect unique

• Deliverect offers comprehensive digital food ordering solutions with robust APIs and automation tools.
• The platform integrates online orders into restaurant POS systems, enhancing operational efficiency.
• Deliverect's data analytics provide insights for restaurants to track sales trends and growth.

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Funding

Total Funding

$236.9M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

Coatue Management

Notable Investors:

Coatue Management

$150,000,000

Series D

Jan 2022

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$150M

View all funding stages