Foody.to
Foody.to is the first digital platform in Bulgaria fighting the food waste issue by combining it with the adventure to find the best foody places in town.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
€50.0k Valuation: €500k | Seed | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Foody.to operates as a marketplace targeting the significant issue of food waste within Bulgaria's hospitality sector. The company provides a digital platform for restaurants, bakeries, hotels, and supermarket chains to sell surplus food that would otherwise be discarded. This model allows businesses to generate revenue from unsold items while offering consumers discounted meals.
The venture was initiated in November 2020 by Deni, who was soon joined by Sisi and Lyubo. The project's origins trace back to an Instagram food blog from 2016 called Sofia2Go, which evolved into a movement focused on food appreciation and sustainable living. The initial version of the Foody.to platform was launched in April 2021. The company has received recognition for its sustainable mission, including being a semi-finalist in the European Social Innovation Competition in 2021 and winning a grant from the Sustainable Lady fund, a collaboration between FiBank & Mastercard.
Foody.to's business model is centered on connecting food providers with a growing community of environmentally and budget-conscious consumers. Through the platform, users can discover new local eateries and purchase food at a significant discount during off-peak hours. The company operates in Sofia and has expanded its services to Varna, with plans for further expansion into Burgas. The platform functions as a marketplace where partners list their surplus items, and users can browse and purchase these 'rescue bags' for pickup. This approach not only prevents food waste but also helps consumers save money and reduce their personal carbon footprint. The company has successfully saved over 400 kg of food, equivalent to mitigating 1000 kg of carbon emissions.
Keywords: food waste reduction, surplus food marketplace, sustainable food consumption, discounted meals, food rescue, Bulgarian startups, social impact business, hospitality sector solutions, consumer savings, carbon footprint reduction, local food discovery, online marketplace, Sofia food scene, Varna food deals, eco-conscious consumers, food technology, circular economy for food, community-based platform