According to Statista, the global online food industry revenue is projected to show an annual growth rate of 7.5%, resulting in a market volume of USD 182,327 million by 2024. For anyone who wants to understand these huge figures, it would be right to say that online food delivery is a billion-dollar industry.

Businesses all across the world are investing heavily in the online food delivery industry, making startups to fuel their operations for further growth. And this article highlights the top five food delivery apps that have received huge funding:

DoorDash
Headquartered at San Francisco, California, DoorDash is one of the renowned on-demand food delivery apps that facilitates food delivery and takeout services from local and national restaurants. The online food ordering app was launched in 2013 by Tony Xu, Andy Fang, Evan Moore, and Stanley Tang. For ordering food, users have to choose a restaurant, select the item(s), add them to the cart, and place an order. They can track their food delivery in real-time and choose for contactless delivery. Moreover, they also get delivery ETA right after placing the order.

Funding details- The company has raised a huge sum of US $400 million in its Series H round of funding on Jun 18, 2020, bringing its valuation to nearly $16 billion.

Skipcart
Headquarters- Located at Boerne, Texas, Skipcart offers retailers and restaurants a platform to connect for online food services.



By dispatching crowdsourced drivers, the company aims at delivering a seamless door-to-door experience to the customers. In short, it is an on-demand food delivery applications where customers can order from their nearby restaurants.

Funding Details- Skipcart has raised USD 21 Million from a Series A round.

Zomato
Zomato is a worldwide renowned food aggregator that connects restaurants to the customers and vice-versa. Thousands of restaurants are listed on the website and offering online food delivery services. It is one of the most popular food delivery apps among users. Users can simply search for a restaurant, pick any food item, add it to the cart, and place an order. They can also track their order in real-time.

Funding Details- The company has raised US $195 Million funding from Kora Management LP, Steadview Capital, Bow Wave Capital Management LP, Luxor Capital Group LP, Mirae Asset, and Baillie Gifford & Co. With this funding, Zomato’s valuation touches US$ 3.6 billion.

HungryPanda
It is an online food ordering platform dedicated mainly to Chinese customers staying abroad. The company was founded in 2017 by Eric Liu. The app is offering its services in six countries across the world. It is solving the problems of Chinese and those who love authentic Chinese food by connecting them to the restaurants that serve the same.

Funding Details- HungryPanda raised USD 70 million in Series C funding in December 2020 from Kinnevik, Piton Capital, VNV Global and Burda Principal Investment.

Dijo
Dijo is an online food delivery startup founded by former Deliveroo employees, Alberto Menolascina and Yusuf Saban. The company offers convenience and fresh food delivery through a dark convenience store mode.

Funding Details- The company has raised a funding of US $20 Million in its recent funding round led by Blossom Capital.

After reading this article, you must be having an idea which type of online food delivery apps are gaining popularity and attracting investors’ attention. So if you, too, are looking out for a mobile app idea for your startup, then choosing online food delivery app development would be perfect. Make sure you choose an experienced and trusted food delivery app development services provider for turning your idea into reality.

To validate whether your food app delivery idea will be successful or not, you can begin with building an MVP (minimal viable product). Get your idea validated from your potential and targeted customers. Once you get a good response, you can start developing a full-fledged application. If you are following the concept of any of the aforementioned applications, make sure you add some exceptional features to make your app stand apart. Also, it is advised to discuss your complete app requirements and business goals with your food delivery app development company to avoid any miscommunication.

Final Words

Curious to know about the leading five food delivery apps in the United States of America? We have got you covered. Give this article a read to know about such applications, their business concept, and type of food delivery services. Apart from this, you can also check out how much these food delivery apps have raised recently. And if you are interested in developing on-demand food delivery apps like any of these, then reach out a reliable mobile app development company or hire dedicated developers.

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