New investors DST Global Partners and Redpoint Ventures join bringing total fundraising to more than US$ 90mn
Deliverect, a Belgian scale-up that connects Talabat, Zomato, Jahez, Deliveroo, Carriage and more delivery companies directly to restaurants by POS system automation, announced that it has recently raised US$ 65mn in a Series C funding round from DST Global Partners and Redpoint Ventures.
Deliverect founded in September 2018, enables all types of restaurants to easily manage and grow their online orders. The platform eliminates the need for restaurant staff to monitor multiple devices and manually re-enter orders into their existing system, therefore dramatically reducing both staff workload and the probability of errors.
Deliverect processed more than 30mn orders in the past year alone, and is now averaging more than one million orders processed per week, an increase of nearly 750% from April 2020.
This is estimated to equate to more than US$ 1bn in order value and provides customers on average an increase of 25 percent in revenue as well as 80 percent decrease in order failures.
“There is a significant need for a company that can help restaurants overcome these challenges, and Deliverect aims to become the global gateway for online food ordering and delivery, helping restaurants around the world to thrive online,” remarked Zhong Xu, Co-Founder and CEO, Deliverect.
