Economic news

Deliverect Connects to Delivery Boom with $65M Funding

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 quick-delivery formats.

“We are definitely seeing the boom in the delivery business go beyond restaurants,” Zhong Xu, Deliverect’s co-founder 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 & Jerry’s 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

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree