Taster raises another $8 million for its native food delivery brands
If you’re an Instagram user, chances are you’ve encountered a ton of ads for companies trying to sell products directly to consumers, using social networks as storefronts paired with online stores. French startup Taster is doing the same thing with restaurants built specifically for food delivery startups.
The startup raised an $8 million funding round from Battery Ventures, with existing investors Heartcore Capital, LocalGlobe, GFC and Marc Ménasé investing again.
Taster is creating native brands for Deliveroo, UberEats or Glovo in Europe. The company has launched three different brands — Mission Saigon, O Ke Kai and Out-Fry. These restaurants don’t have any tables, they’re basically kitchens for food delivery. They even have multiple addresses in the same city.
So far, the startup has delivered 400,000 meals in Paris, London and Madrid. And Taster now tries to predict trends to order just the right amount of food for a specific day. There are 115 full-time employees working for the company, including 100 people in the kitchens.
With today’s funding round, the company plans to launch three new brands and open more kitchens. In order to scale more rapidly, the company doesn’t handle real estate itself. Taster now relies on third-party companies, such as Travis Kalanick’s CloudKitchens.
By focusing as much as possible on creating brands and cooking food, Taster can quickly scale and compete aggressively with more traditional restaurants.
The company doesn’t have to manage deliveries, which is an advantage over full-stack startups like Frichti. And unlike traditional restaurants, Taster doesn’t have to rent expensive locations and hire waiters.