EatTasty
Delivers freshly made meals to companies, fostering team culture and offering a variety of menu options with no delivery costs.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Early VC | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 600 % | 345 % | 110 % | 71 % | 35 % | (16 %) | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (136 %) | (27 %) | (26 %) | (48 %) | (37 %) | (35 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (137 %) | (28 %) | (26 %) | (49 %) | (40 %) | (35 %) | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 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 | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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EatTasty operates as a digital platform for meal preparation and delivery, positioning itself as an alternative to traditional, fast-food-oriented delivery services. Founded in 2016 by Rui Costa and Orlando Lopes, the Portuguese startup originated in Lisbon and has since expanded its operations. The company launched in Madrid in 2020 and entered the Porto market in 2021. A significant milestone was achieved in 2019 when EatTasty secured a €1.1 million seed funding round led by Indico Capital Partners to fuel its expansion in Spain.
The company's business model focuses on providing freshly made, high-quality meals primarily to workers at their offices, although home delivery is also available. It differentiates itself by managing the menu and outsourcing the cooking of its proprietary recipes to a network of under-utilized local restaurant kitchens. This approach allows partner restaurants to monetize their kitchen capacity before their regular service hours. EatTasty's platform uses a predictive algorithm based on sales history and customer ratings to curate a limited weekly menu, which simplifies the selection process for consumers. The menu always includes meat, fish, and vegetarian or vegan options, with offerings changing weekly based on customer feedback. Revenue is generated directly from the sale of these meals, which include starters, main courses, drinks, and desserts. A key aspect of their value proposition is the absence of a delivery fee, with the final price encompassing the food and the delivery service.
Deliveries are organized by optimized routes and scheduled for specific time slots, typically between 11:50h and 13:30h for lunch and 19:30h to 21:00h for dinner on weekdays. This contrasts with the on-demand model of other food delivery giants. By focusing on scheduled, route-based deliveries, the company aims for operational efficiency. EatTasty's model also emphasizes sustainability, with technology used to reduce food waste and surplus food being donated to local charities. The company offers a credit system, allowing users to top up their accounts and receive bonus credits, valid for 12 months.
Keywords: food delivery, meal delivery service, workplace lunch, corporate catering, prepared meals, online food ordering, foodtech, Portuguese startup, Lisbon, Madrid, sustainable food delivery, local restaurant partnerships, curated menu, predictive algorithm, no delivery fee, scheduled delivery, healthy meals, office food solutions