World's top restaurants at your feet?

Filter Coffee ☕

Jun 1, 2021

1 min read

What happened—Goldbelly, a unique food delivery startup in the west, which ships freshly cooked food from high-profile restaurants across the country, raised $100 million from Spectrum Equity, and Intel Capital, at a $500 million+ valuation.

Goldbelly is quite an amusing idea—most food delivery platforms are geo-restricted, meaning you can’t Swiggy something outside of specific regions in BLR, if that's where you’re based. But what if you could order an artisanal delicacy from Gujarat, or street-food craving from Delhi?

The company essentially picks stuff up from local restaurants, packs it to last, freezing it if needed, and then ships it to you on an express basis. Upon delivery, food needs to be heated or partially cooked just like a meal kit—but the service has been highly successful in bringing popular and celebrated local restaurants experiences to a wider consumer base.

Now there's a fair bit of criticism around quality degrading, like always, but overall it's been a 10 on 10 knockout. Through 2020, the business saw total users top 1 million, with order volumes up more than 300%—a clear indicator of the model thriving.

Get Filter Coffee ☕ straight to your inbox

No spam. No BS.
You might also like...
India

Nykaa is getting ready for an IPO 🚀

Online beauty retailer Nykaa is ready to file its docs with SEBI in the next few days — getting one of the most anticipated listings of the year 1 step close to reality. Nykaa will raise ~$400 million at a $4 billion valuation, says Moneycontrol, with early backers TPG and Fidelity likely to hit the door. Founder Falguni Nayar and family will continu

Filter Coffee ☕

1 min read
India

Indigo airlines losses are spiking 😶

Indigo airlines lost more than ₹3,000 crores during the last 3 months, with travel freezing and no signs of rebound in sight. This’d be the 6th straight quarter of losses for the business, with revenues down 56% from the quarter before . Without explicit doles or rescue offers from the government, things aren’t looking too bright for the entire sector! Meanwhile, optimist

Filter Coffee ☕

1 min read
Business

Spotify's growth is slowing a bit and Wall Street is worried 😬

It’s tech earnings time — and Spotify closed the second quarter with 165 million paid subscribers — a tad lower than the markets were expecting. Stock was promptly hammered down nearly 8% in New York. Quick look: * Revenue of €2.33B, up 23% YoY * Has 365M monthly active users Spotify’s advertising revenues grew by nearly 110% — thank to those annoying ads that may be put there by Satan himself. If you’re a sh

Filter Coffee ☕

1 min read