Currently there are more than 20,000 restaurants that use Deliverect to route incoming orders from third-party platforms directly to the kitchen. It allows restaurants to ditch individual tablets for each aggregator and eliminates the need for workers to manually enter those orders.
Deliverect processed an average of 1.5 million orders a week in 2021, an increase of 300% year over year as more restaurant traffic goes digital. It's currently in use in 40 markets worldwide. Deliverect will use the funding to improve its technology as well as get into new industries including grocery and convenience stores as they quickly adopt delivery. It's also launching its own app store.
The last round of funding was led by Coatue and Alkeon Capital. Coatue noted the multiple forces driving the restaurant tech market, including changing consumer habits, the growth of delivery networks and the rise of all-digital ghost kitchens and virtual brands.
"We believe Deliverect is capitalizing on these trends with its goal to become a category leader with a mission to empower restaurants globally," said Sebastian Duesterhoeft, general partner at Coatue, in a statement.
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