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VOOZH | about |
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VOOZH | about |
Foody is the startup developing in the USA. The company is engaged in digitalization of processes between restaurants, Darc of a hundred-ramie, grocery stores and product providers. Founders of the company: The CEO Vitaly Alexandrov, the founder of the marketing agency, CPO Yury Mashentsev — in 10 years built and sold 4 restaurant networks, constructed a franchize of DoDo Pizza.
The IIDF announced on November 24, 2020 investment of 5 million rubles into a marketplace for restaurants, shops and product providers - Foody.
At accomplishment of KPI in the middle of 2021, the fund is going to invest in addition to the company up to 65 million rubles. Assessment and details of the transaction are not disclosed.
At the heart of a marketplace — AI service of forecasting of sales for Foodcast.ai restaurants. In the summer of 2020 the founder " Yandex.chief " Mikhail Peregudov, the Singapore venture fund Ruvento Ventures and Alexander Sysoyev, the author gastronomic invested media in technology.
It is the second investment of fund into the company of foreign jurisdiction, since fall of 2020 the fund invests within the investment offer for startups with global ambitions.
Marketplace helps restaurants, dark-hundred-frames, to grocery stores and suppliers to find each other, to communicate through a convenient chat, to do orders and to conduct document flow on one platform. In the market there were no standards of communication yet between purchasers and suppliers therefore service solves pressing problems of the market. In Foody suppliers can manage the prices, and buyers — to trace the prices of ingredients in real time and to hold tenders between real suppliers.
According to the experts, annual expenses on goods for one restaurant make $240 thousand. Using Foody service restaurants will be able to save up to 20% of the cost of products, and purchasers can receive 1% of a cashback, ordering and paying goods through a marketplace.
| In HoReCa worldwide procedures of purchases work inefficiently. I would tell that so far this industry was not reached by process automation. Our task — to integrate restaurateurs and suppliers on a single platform to help them to do business with smaller losses and bigger effectiveness that is especially important during crisis. |
The company was started in 2020, since launch Association of clubs and bars of America, suppliers of food and drinks of the USA — Restaurant Depot, Cysco and BiRite became partners.
In October the IIDF updated the investment offer for startups, having displaced focus on the Russian entrepreneurs with the international ambitions. In addition to the Russian jurisdiction, the fund invests to 200 million rubles in the companies with the foreign legal entity — an important condition accessory of the company to founders with the Russian citizenship.
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