R

Ritual

Office takeout mobile ordering with Piggyback

Overview

Ritual runs a mobile ordering and payment app for takeout from local restaurants and coffee shops, mainly aimed at office workers. Users browse menus, order ahead, and pay in-app to pick up without lines; Piggyback lets coworkers add their orders to an existing order, creating a social, workplace-based ordering flow. It earns revenue by charging restaurants a commission on app-ordered sales, and it offers Ritual ONE as a white-label, commission-free ordering option that restaurants can embed on their own websites, plus corporate meal-credit programs. Its goal is to help restaurants grow order volume while giving customers a convenient, no-fee way to order food and support workplace dining initiatives.

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About Ritual

Simplify's Rating
Why Ritual is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Food & AgricultureConsumer SoftwareEnterprise Software

Company Size

11-50

Company Stage

Late Stage VC

Total Funding

$166.3M

Headquarters

Toronto, Canada

Founded

2014

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Simplify's take

What believers are saying

  • Ritual.co updated October 2026, and the consumer app remains live with active version updates.
  • Restaurant pages now push no-commitment onboarding and under-10-percent commissions, easing merchant adoption.
  • Google ordering, loyalty stamps, and white-label ordering give Ritual multiple monetization paths beyond office lunch.

What critics are saying

  • January 2025 Shopify absorbed Ray Reddy, Larry Stinson, and R&D talent, hollowing leadership.
  • Revenue fell to US$3.9 million in H1 2024, while cash dropped to US$4.6 million.
  • DoorDash launched office ordering integrations on September 30, 2026, directly attacking Ritual’s core niche.

What makes Ritual unique

  • Ritual’s app still serves dense Toronto and New York pickup inventories in November 2026.
  • Google Search and Maps ordering gives Ritual merchant discovery beyond its own app.
  • Piggyback and company meal programs target office lunch workflows, not generic consumer delivery.

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Funding

Total Funding

$166.3M

Above

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Unlimited Paid Time Off
  • Remote Work Options

Growth & Insights and Company News

6 month growth

0%

1 year growth

4%

2 year growth

4%
BetaKit
Jun 23rd, 2022
Ritual Lays Off 16 Percent Of Staff To “Prepare For A Recession”

As prospect of recession looms amid rising inflation, Ritual has laid off 23 employees. Toronto-based food ordering and mobile pickup app Ritual has laid off 23 employees to “prepare for a recession.”

MarTech Series
Jun 21st, 2022
Algolia Welcomes Lorena Scott As New Chief People Officer

Veteran CPO Joins Algolia with a Strong Record of Driving Growth and Culture on a Global Scale. Algolia, the leading API Platform for Search & Discovery, announced the appointment of Lorena Scott as Chief People Officer (CPO) to support employees and enhance Algolia’s strong, inclusive culture as the company enters a new phase of growth, development, and innovation. With more than a decade of people management experience, Lorena has a proven track record of scaling people functions on a global scale

Subscription Insider
Dec 16th, 2020
New York State Bridge Authority partners with Ritual

New York State has partnered with Ritual to provide restaurants with a subscription-based online ordering platform for free through the end of March or April 2021, depending on merchant participation.

BetaKit
Jun 1st, 2020
Ritual raises $29.8 million CAD following COVID-19 layoffs

Toronto-based food ordering and mobile pickup startup Ritual has reportedly raised $29.8 million CAD ($22 million USD) from existing investors.

MobileSyrup
May 13th, 2020
Toronto partners with Ritual to support local restaurants during COVID-19

The partnership will see Ritual offer free access to its 'One' service that makes it easy for restaurants and food services to accept digital orders.

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