News

Deliverect Connects to Delivery Boom with 65M Funding

0

BERLIN, April 21 Reuters Belgian software startup Deliverect, which connects delivery companies to restaurants, said on Wednesday it had raised 65 million from investors to invest in growth after clocking up a total of 1 billion in orders processed.

Deliverect serves UberEats, Deliveroo, Doordash and Just Eat Takeaway, and the Series C fund raising comes at a time of heavy investment and rapid expansion in quickdelivery formats.

We are definitely seeing the boom in the delivery business go beyond restaurants, Zhong Xu, Deliverects cofounder and CEO, said in an email interview with Reuters.

He added that, in addition to grocery stores and retailers, consumer group Unilever had connected via Deliverect to Deliveroo and UberEats to ship its Ben Jerrys and Magnum ice creams direct to customers.

The investment round was led by DST and Red Point ventures, with additional funding coming from existing investors OMERS, Newion, Smartfin and Founders, Deliverect said in a statement.

Reporting by Douglas Busvine; Editing by Maria Sheahan

Source Reuters

Nasdaq Futures Retreat after Netflix Subscriber Slowdown

Previous article

Politics Cast a Long Shadow over Russian Stocks

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in News