French startup Taster has raised a $37 million Series B funding spherical from Octopus Venture, Battery Ventures, LocalGlobe, HeartCore, Rakuten, GFC and Founders Future. The firm operates dozens of eating places that solely exist on meals supply platforms. You can’t e book a desk as there isn’t any desk.
Taster has been specializing in 5 road food-inspired ideas thus far — Bian Dang (Taiwanese meals), A Burgers (plant-based burgers), Mission Saigon (Vietnamese meals), Out Fry (Korean meals) and Stacksando (Japanese road meals). After that, Taster has opened dozens of kitchens throughout 40 completely different cities and listed its kitchens on meals supply platforms, reminiscent of Deliveroo and Uber Eats.
Essentially, the startup desires to construct new restaurant chains for the 21st century. Instead of opening brick-and-mortar eating places, Taster focuses on meals supply because it’s nonetheless a booming phase. In Paris, Taster eating places are the third restaurant group on Deliveroo behind McDonald’s and Burger King — it represents over 5,000 meals per day.
After working its personal kitchens, Taster now desires to associate with current eating places that don’t get numerous orders on Deliveroo or Uber Eats. Taster brings its personal native manufacturers and menus in addition to its tech instruments.
Taster has constructed its personal supply app for Android and iOS. But you possibly can nonetheless discover Taster’s eating places on third-party platforms. The startup doesn’t wish to reinvent the wheel and exchange meals ordering platforms. But it is smart to supply its service to finish clients instantly.
As Taster manufacturers turn into an increasing number of acquainted, it ought to create demand from day one — eating places can anticipate between €4,000 and €6,000 in income throughout the first week. By 2025, Taster desires to function in 1,000 cities because of this partnership mannequin.