
Candao
Candao is a catering system service provider.
Date | Investors | Amount | Round |
---|---|---|---|
$14.9m | Series A | ||
Total Funding | 000k |
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 54 % | 27 % | 94 % | 1 % | 44 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Candao, registered as 餐道信息科技有限公司, was established in Guangzhou, China, on April 18, 2014. The company operates as a provider of integrated O2O solutions for the restaurant and retail industries in China. Its history can be traced back to a call center business unit for telephone food ordering that began in 2000, which launched its first-generation takeaway management system in 2008 before being spun off as the Candao brand in 2014. The CEO and co-founder is Li Zhenhong, who holds a bachelor's degree from the Chinese University of Hong Kong and an EMBA from Shanghai Jiao Tong University-University of Southern California.
Candao's core business revolves around its Software-as-a-Service (SaaS) platform, which provides omni-channel management for catering businesses. The company develops food delivery management systems, order management platforms, and distribution and logistics analytics systems. It serves major domestic and international restaurant chains, including McDonald's, Burger King, Häagen-Dazs, and Yoshinoya, helping them manage their food delivery operations. The business model is designed to support the increasing trends of food delivery, retail integration, and intelligent data utilization in the catering industry. In April 2019, the company secured Series A funding amounting to $14.9 million from investors including Beyond Ventures, Innovation and Technology Fund, and MFund.
The platform offers a suite of services including a delivery management system, a data mid-end, BI data analysis, and system hosting. It aims to act as a valuable data platform for the catering and retail sectors, allowing clients to focus on their core competencies while Candao handles the digital and operational aspects of their delivery and takeaway services. By providing these tools, Candao enables its clients to improve efficiency, make data-driven marketing decisions, and ultimately increase revenue and expand their operations.
Keywords: restaurant SaaS, food delivery management, O2O solutions, catering technology, order management system, logistics analytics, data platform, restaurant technology, retail solutions, omni-channel management, China food tech, BI data analysis, catering software, restaurant chain solutions, takeaway management, Li Zhenhong, Guangzhou, Series A, digital restaurant solutions, food service technology