food delivery

India’s Rapido begins testing food delivery to take on Swiggy, Zomato

Transportation /

Rapido, a popular ride-hailing platform in India, has quietly begun beta testing its food delivery service in Bengaluru, marking its first serious move to challenge market leaders Swiggy and Zomato in one of the world’s fastest-growing delivery markets. The 10-year-old startup has started testing its food delivery service in three primary localities in the Southern […]

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Nigerian profitable food delivery Chowdeck lands $9M from Novastar, Y Combinator

Startups /

Chowdeck, a Lagos-based food delivery startup that has stayed profitable in a notoriously tough and low-margin market, has raised $9 million in Series A funding to launch a quick commerce strategy and expand into more cities in Nigeria and Ghana. The equity round was led by Novastar Ventures, with participation from Y Combinator, AAIC Investment,

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Food delivery service Calo scores $39 million in Series B extension as it sets eyes on the UK

Fundraising /

Middle Eastern food delivery startup Calo said Tuesday it has raised $39 million in a Series B extension that was led by AlJazira Capital. The fundraise, which was more than 1.5x of its original $25 million raise in December, also saw participation from existing backers such as Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah

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Grocery platform Misfits Market acquires The Rounds to further its mission of reducing food waste

Commerce /

Misfits Market, the online platform that delivers imperfect groceries to help minimize waste, announced the acquisition of household restocking service The Rounds on Friday. As a result of the deal, Misfits Market plans to take on over 250 items from The Rounds’ inventory. This allows the company to diversify into additional categories, such as household

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Sizl raises $3.5M to expand its cook-to-order food delivery service

Startups /

Dark kitchens– also referred to as ghost kitchens, cloud kitchens, or virtual kitchens– often receive criticism for their food quality. Sizl, a cook-to-order delivery service based in Chicago, seeks to change this perception by delivering meals made with fresh ingredients in around 30 minutes flat. The company announced its recent $3.5 million seed round on

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Lanch bags $27M for a social media-skewed take on fast food

Commerce /

E-commerce startups built around food continue to gobble up funding as investors look for sticky consumer concepts that can scale without breaking the bank. On Wednesday, Germany’s Lanch — which taps social media and influencers to develop popular food brands alongside retail networks for distributing them — closed funding of €26 million ($27 million) to

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Calo raises $25 million to expand its ready-to-eat meal service beyond the Middle East

Startups /

A business built around increasingly customized ready-to-eat meals has netted Middle Eastern startup Calo a sizeable funding injection as it looks to expand both what it can offer its time-strapped customers and where it delivers its growing range of just-heat-to-eat dishes. The meal delivery market in the Middle East will hit $11.2 billion by 2030,

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MealMe, the startup integrating food ordering tech into apps, picks up $8M

Commerce /

MealMe, a unified API that embeds food and retail ordering into consumer apps and websites, announced on Thursday that it secured $8 million in Series A funding. The newly raised capital brings the total amount raised to $16 million.  MealMe has undergone several changes since its launch in 2019. Initially, it was a consumer app designed

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