MadEats, Y Combinator alum, claims to be the primary “‘full-stack’ delivery-only startup within the Philippines,” with their very own digital storefront, ghost kitchens and fleet of drivers. Greater than that, in addition they conceptualize and launch their very own manufacturers, making them a delivery-only restaurant group.
The corporate introduced immediately it has raised $1.7 million in seed funding led by JAM Fund, Crystal Towers Capital, Starling Ventures, MAIN and Insurgent Fund.
Launched in November 2020, MadEats at the moment has three ghost kitchens: one every in Makati, Quezon Metropolis and the Metropolis of Manila. They intention to cowl extra of Metro Manila’s north, and finally open bodily storefronts, too.
Earlier than founding MadEats, CEO Mikee Villareal instructed RegularFeed that the staff labored for a few of the high restaurant teams within the Philippines, launching, managing and dealing on over 20 restaurant ideas. “Firstly of the pandemic, we have been requested to operationalize these eating places to be delivery-forward as a consequence of stringent quarantine restrictions,” she mentioned. “Dine-in ideas have been closely affected and we noticed the necessity for our enterprise.”
She added that ghost kitchens have a distinct price construction than conventional eating places, which provides the staff freedom to create product ideas which are extra delivery-friendly.
MadEats now has six manufacturers and is increasing its portfolio: Yang Gang (Korean fried hen); Chow Time (Chinese language takeout); Fried Good (fried rice); Dot Espresso; MadBakes (a take a look at kitchen for desserts), and MadMakes for bulk orders, company packages and packed meals. The corporate is at the moment including extra manufacturers, together with smash burgers and Japanese meals.
MadEatsOS, its suite of inside instruments, is what makes MadEats method scalable. It contains an automatic order routing system that makes positive orders are fulfilled on the nearest location, and analytics that present which manufacturers and meals objects are performing properly.
The corporate has its personal MadEats riders and as demand for orders will increase, have additionally labored with third-party logistics suppliers. It’s accessible on third-party apps like GrabFood and Foodpanda, however Villareal mentioned over 50% of its orders are available by way of its personal platform, Madeats.co.