Favor

Favor

On-demand delivery service connecting local businesses

About

Favor Delivery operates in the on-demand delivery market, primarily in Texas, providing a service that delivers a variety of products, including food, beverages, and everyday essentials, directly to customers' homes. The service works by partnering with local businesses such as restaurants and retail stores, allowing users to choose from a diverse selection of items that can be delivered quickly. Favor Delivery stands out from competitors like DoorDash and Uber Eats by focusing on hyper-local markets and building strong relationships with local businesses, as well as actively supporting community initiatives that resonate with socially conscious consumers. The company's goal is to offer convenience to busy individuals and families while promoting local businesses and community engagement. Favor generates revenue through delivery fees charged to customers and service fees from partner businesses, along with potential earnings from promotional partnerships.

Company Stage

Series B

Employees

1,001-5,000

Industries

Social Impact, Consumer Goods

Total Funding

$34M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • Favor's strong community engagement, such as the Feeding Texas campaign, enhances its brand reputation and customer loyalty.
  • The company's hyper-local focus allows it to better understand and cater to the specific needs and preferences of Texas residents.
  • Recent executive team expansions and leadership hires signal a commitment to growth and innovation, potentially leading to new opportunities for employees.

What critics are saying

  • Operating exclusively in Texas limits Favor's market reach and exposes it to regional economic fluctuations.
  • The highly competitive on-demand delivery market, dominated by giants like DoorDash and Uber Eats, poses a constant threat to Favor's market share.

What makes Favor unique

  • Favor Delivery focuses exclusively on the Texas market, fostering strong local relationships and community engagement, unlike national competitors.
  • The company's emphasis on supporting community initiatives, such as promoting Black-owned businesses and LGBTQI communities, resonates with socially conscious consumers.
  • Favor's unique promotional partnerships with local brands like H-E-B and Central Market provide additional value to customers and differentiate it from other delivery services.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

1%

2 year growth

13%

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