Ritual

Ritual

Verified
Ritual is a social ordering app that taps networks of co-workers and colleagues for fast and easy pick up and pay at a wide variety of local restaurants and coffee shops. Learn more
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Late VC
Total Funding000k

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Ritual is a technology company that provides digital ordering solutions for the food and beverage industry. The company primarily serves restaurants, coffee shops, and casual dining establishments. Ritual operates in the global food service market, offering a suite of products designed to enhance customer engagement and streamline operations for its clients.

The core of Ritual's business is its online ordering system and mobile app, which allow customers to place orders for takeout or delivery from local restaurants. This platform helps restaurants attract new customers and increase sales by providing a seamless digital ordering experience. Ritual's solutions are tailored to various types of food service businesses, including quick service restaurants, casual dining spots, coffee shops, and even buildings with multiple tenants.

Ritual's business model is based on partnerships with restaurants and other food service providers. The company makes money by charging these businesses for access to its digital solutions, which include features like full digital ownership, customer reach expansion, and specialized programs for different types of establishments. For example, "Ritual for Coffee" offers solutions specifically designed for coffee shops, while "Ritual for Teams" provides meal programs and rewards for corporate clients.

In summary, Ritual helps food service businesses thrive by offering digital solutions that connect them with customers and streamline their operations. The company's platform is trusted by over 15,000 restaurants globally, demonstrating its effectiveness in driving sales and customer engagement.

Keywords: Digital Ordering, Food Service, Restaurants, Coffee Shops, Takeout, Delivery, Customer Engagement, Sales Growth, Global Market, Partnerships.

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Investments by Ritual

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ACQUISITION by Ritual Jul 2021