PR94221

NEW YORK and LONDON, Jan. 25, 2022 /PRNewswire=KYODO JBN/ --

Company also announces launch of Deliverect App Store, building a dedicated

ecosystem for online order automation

Deliverect (https://www.deliverect.com/en-gb/integrations ), a global scale-up

that simplifies online ordering for more than 20,000 locations across 40

markets, today announced it secured more than $150 million (EUR 130 million) in

Series D funding. The funding, which is led by Coatue and Alkeon Capital as

well as existing investors OMERS Ventures, DST Global, Redpoint Ventures,

Newion and Smartfin, brings Deliverect to $240 million raised to date. This

round marks the company's valuation at over $1.4 billion.

Logo - https://mma.prnewswire.com/media/1732977/Deliverect_Logo.jpg

With this latest round of funding, Deliverect is investing in engineering and

technology advancements, expanding its product portfolio and scaling to serve

hundreds of thousands of establishments, which now includes convenience and

grocery stores in addition to restaurants. To better support these customers,

Deliverect is also launching a dedicated App Store. The efforts driven by this

financing will contribute to expanding the company's footprint and accelerating

its growth. Deliverect has received 100 million orders to date and processed

one and a half million orders per week in 2021 alone, a 300% increase in less

than one year.

"As digitization becomes more and more popular, we've seen how much not only

restaurants but grocery and convenience stores need streamlined online ordering

to meet customer satisfaction, especially among Millennials and Generation Z

shoppers," said Zhong Xu, Deliverect Co-founder and CEO. "This funding will

advance our efforts to serve everyone in the hospitality community through our

App Store and beyond. We're thrilled for Deliverect's next phase as the leader

in online order automation, especially as so many people prefer the convenience

of ready-to-eat food delivery today."

Sarah Venning, Chief Digital and Information Officer of Pret A Manger said,

"Over the past two years we've transformed our business to bring Pret to more

people, which includes significantly growing our online delivery platforms and

reshaping how customers order with us. With the help of Deliverect, we've

enabled significant growth for our delivery partner business and introduced a

system that our shop teams love and find easy-to-use, helping us to serve more

customers digitally than ever before."

Founded in 2018, Deliverect's SaaS platform automates restaurants' online order

flow through a single point, taking delivery, table app or takeout requests

from services like Uber Eats, Grubhub, Deliveroo, Doordash, Foodora, Shopify

and more and transferring them straight to the kitchen. Both small independent

restaurants and large global chains such as Kentucky Fried Chicken (KFC),

Chipotle, Time Out Market, Taco Bell, Le Pain Quotidien and Outback Steakhouse

use Deliverect to bring their delicious meals to the hands of happy customers.  

"Deliverect is streamlining the on-demand ordering economy with its industry

leading, omni-channel platform that connects consumers to leading restaurants

and brands," said Mark McLaughlin, General Partner at Alkeon Capital.

"Deliverect's co-founders – all veterans of next generation commerce – have

assembled the strongest team in hospitality to steer Deliverect's ambitious

road map and disruptive technology into new markets and use cases."

Sebastian Duesterhoeft, General Partner at Coatue adds, "The multi-billion

dollar market for restaurant-side technology is being fueled by multiple

tailwinds including a change in consumer habits related to the ongoing

pandemic, the need to adapt to the ever-changing landscape of delivery

networks, and shifts in foodservice retail such as dark kitchens and virtual

restaurant brands. We believe Deliverect is capitalizing on these trends with

its goal to become a category leader with a mission to empower restaurants

globally. We are thrilled to partner with Zhong and the team."

About Deliverect

Deliverect is a SaaS company that simplifies online food delivery management.

Deliverect seamlessly integrates online orders from food delivery channels

(Uber Eats, Doordash, Just Eat Takeaway.com, etc.), allowing 20,000

establishments to improve operational service and increase customer

satisfaction. Operating in over 40 markets around the world, Deliverect is

trusted by restaurant and FMCGs such as Taco Bell, Burger King, and Unilever,

as well as small and midsize restaurants and dark kitchens around the world. To

find out more information visit www.deliverect.com.

SOURCE  Deliverect