Funding Feasts: Food Delivery Startups See Mega-Rounds, High-Profile Exits

Funding for delivery startups

Globally, it looks like people are ordering in, with meal delivery startups seeing an 18% uptick in deals last quarter. Meanwhile deals to grocery delivery startups remained stagnant in Q2’17, though at 27, they clocked in at one deal more than meal delivery startups saw.

In addition to increased deals, meal delivery companies also saw a dramatic increase in disclosed equity funding from Q1’17 to Q2’17, largely due to $500M+ mega-rounds to Ele.me and Delivery Hero. These huge financings have driven up the annual run rate for 2017 meal delivery funding, which is now projected to hit $3.3B.

Read more at CB Insights.

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