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Online order management firm raises $150 million in Series D funding

Online order management firm raises $150 million in Series D funding

The company also announced the launch of the Deliverect App Store, an ecosystem for digital order automation

Order management firm, Deliverect, has announced that it has raised more than $150 million (mdd) in Series D funding, led by Kotio Management LLC and Alkeon Capital Management, among other investors such as OMERS Ventures, DST Global and Redpoint Ventures. and Newion and Smartfin.

According to the company, this funding has been raised by $240 million so far, and its valuation is more than $1.4 billion.

In this context, Valentin Vermeersch, General Manager of Latam of Deliverect, noted that this funding will allow them to continue collaborating with more Mexican restaurants, as well as grow in the region.

Notably, Deliverect has so far received nearly 100 million orders and processed 1.5 million orders per week in 2021 alone, which is a 300% increase in less than a year.

He added that the company will invest in technological development to expand and expand its product portfolio to serve hundreds of thousands of establishments, which now includes not only restaurants, but also convenience stores.

In addition to the above, the company announced the launch of an App Store where restaurants and stores can find products and solutions according to their business needs.

Finally, Zhong Xu, Deliverect co-founder and CEO, confirmed that the funding will advance the company’s efforts to serve the food service community through the App Store.

“We are excited about Deliverect’s next step in automating online ordering because so many people today prefer the convenience of getting food delivered to their home.”

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