Global segment ranking · Food & agriculture › Restaurants
The world’s most valuable food delivery startups
Companies that get restaurant meals to people: food-delivery apps and platforms, cloud kitchens and delivery-only restaurant brands, office and corporate meal delivery, cooked-meal subscriptions, and apps that sell restaurants’ unsold food. Ranked worldwide by AI-estimated valuation, with listed food delivery companies shown in grey at their market value for reference. The market sets the value; AI models estimate it.
Key metrics for this segment: key milestone. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.
Not in this segment. Listed, so not ranked: DoorDash, Meituan, Delivery Hero, Talabat, Jahez and Demae-can (shown in grey), and Swiggy, Eternal (Zomato), Uber, Grab, GoTo and Coupang. Bought or owned by a group: Deliveroo and Wolt (DoorDash), Just Eat Takeaway (Prosus), Glovo, PedidosYa, foodpanda, Baemin, HungerStation and Yemeksepeti (Delivery Hero), iFood (Prosus), Grubhub (Wonder), ezCater (agreed sale to Uber, Oct 2026), Careem (Uber, then e&), The Chefz (Jahez), Ele.me (Alibaba), KeeTa (Meituan), Bolt Food, DiDi Food, Yandex Eats. Closed: Kitchen United, Keatz, Waitr, menu (Japan). In other segments: grocery and quick commerce (Getir, Gopuff, Blinkit) under Quick commerce; restaurant software (Deliverect, ChowNow, Snackpass, Thrive) under Restaurant software; meal kits and food brands (HelloFresh, Factor, Daily Harvest) under Online food brands; courier apps (Lalamove) under Last-mile delivery. A company appears in one segment only. Method
The segment at a glance
23companies ranked
3companies on the radar
12countries in the ranking
12listed benchmarks
Sources: Company announcements, Bloomberg, Fortune, Financial Times, Reuters, TechCrunch, The Information, Sifted, Les Echos, Entrackr, Inc42, The Economic Times, DealStreetAsia, TechCabal, Wamda, 36Kr, and market data for listed companies. Intention counters will be shown above a threshold of amount and number of Backers.
Rankings by region
Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · Latin America & Caribbean · Middle East & North Africa · North America · Sub-Saharan Africa.Global ranking · Food delivery
Snapshot15 Oct 2026A snapshot taken on 15 Oct 2026
This ranking shows the startups as they stood on 15 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 4 Apr 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
This ranking shows the startups as they stood on 15 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 4 Apr 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
World · 23 ranked companies
| # | Company | Last round · Key metrics | Estimated valuation (AI) · range | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
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| — | DoorDashListed · Nasdaq · DASH | USD 83bnMarket cap · Oct 2026Listed company · not ranked | |||
| — | MeituanListed · HKEX · 3690 | USD 60bnMarket cap · Oct 2026Listed company · not ranked | |||
| — | Delivery HeroListed · Xetra · DHER | USD 13bnMarket cap · Oct 2026Listed company · not ranked | |||
| 1 | WonderFood hall and delivery operator that cooks dishes from dozens of licensed restaurant concepts in single kitchens across the US East Coast and also runs the Grubhub delivery marketplace. | Series D · USD 650M · Jul 2026135 food halls across 10 East Coast states (Jul 2026) · Jul 2026 | Last known equity round: Series D · USD 650M · Jul 2026 (Accel, GV, NEA, AllianceBernstein); includes an IPO ratchet Published valuation: USD 9bn (reported) (Jul 2026)Method |
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| 2 | CloudKitchensBuilds and operates delivery-only commercial kitchens that restaurants rent to cook for delivery apps, now part of the Atoms group with its food robotics. | Growth round · USD 1.7bn · Jul 2026Key metrics not disclosed | Last known equity round: Growth round · USD 1.7bn · Jul 2026 (Andreessen Horowitz, Uber, Bain Capital, Fifth Wall); raised by the parent company AtomsMethod | Be the first | Back |
| — | TalabatListed · DFM · TALABAT | USD 6.7bnMarket cap · Oct 2026Listed company · not ranked | |||
| 3 | RappiLatin American delivery app that brings restaurant meals, groceries and pharmacy items to consumers through its own courier network, alongside payments and card services in several countries. | Series F · USD 500M · Jul 2021Profitable for four consecutive quarters · Dec 2025 | Last known equity round: Series F · USD 500M · Jul 2021 (T. Rowe Price, Andreessen Horowitz, DST Global, SoftBank)Method | Be the first | Back |
| 4 | Rebel Foods#23 in IndiaOperates a network of delivery-only cloud kitchens and multiple virtual restaurant brands, including Faasos, Behrouz Biryani and Oven Story, selling meals through delivery apps in India and the Gulf. | Series G (with extension) · USD 235M · Apr 2025Key metrics not disclosed | Last known equity round: Series G (with extension) · USD 235M · Apr 2025 (Temasek, Qatar Investment Authority); USD 210M plus USD 25M extension Published valuation: USD 1.4bn (reported) (Dec 2024)Method |
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| 5 | LINE MAN WongnaiOperates a Thai on-demand app combining restaurant food delivery, restaurant reviews and point-of-sale tools, with additional ride-hailing, messenger and payment services. | Series B · USD 265M · Sep 2021Key metrics not disclosed | Last known equity round: Series B · USD 265M · Sep 2021 (GIC, LINE, BRV Capital, PTT Oil & Retail)Method | Be the first | Back |
| 6 | Kitopi#3 in the UAERuns a network of cloud kitchens and its own food brands, preparing and delivering meals for partner restaurants and consumers through delivery apps across Gulf countries. | Series C (with extension) · USD 715M · May 2022Key metrics not disclosed | Last known equity round: Series C (with extension) · USD 715M · May 2022 (SoftBank Vision Fund 2, Chimera, DisruptAD)Method | Be the first | Back |
| 7 | MeicanRuns a digital group-meal platform for companies in China, letting employees order lunches from partner restaurants and canteens with corporate payment, expense control and catering management software. | Series E (E1 + E2) · USD 157M · Dec 2021Key metrics not disclosed | Last known equity round: Series E (E1 + E2) · USD 157M · Dec 2021 (Centurium Capital, Sodexo)Method | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
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| — | JahezListed · Tadawul · 6017 | USD 630MMarket cap · Oct 2026Listed company · not ranked | |||
| 8 | EatClubRuns cloud kitchens and delivery-first restaurant brands such as Box8 and Mojo Pizza, selling meals through its own app and third-party delivery platforms in Indian cities. | Growth round · USD 22M · Jul 2025Operating revenue of INR 515.5 crore in FY24 · Mar 2024 | Last known equity round: Growth round · USD 22M · Jul 2025 (Tiger Global, A91 Partners, 360 ONE Asset Management) Published valuation: about USD 540M (reported) (Jul 2025)Method |
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| 9 | HungryPandaRuns a food-delivery app for Asian and Chinese diaspora communities in Europe, North America and Oceania, connecting users with Asian restaurants and grocers through its own courier fleet. | Series D+ · Sep 2024Targeting USD 1bn gross transaction volume in 2024; 6.5M customers · Sep 2024 | Last known equity round: Series D+ · Sep 2024 (Mars Growth Capital, Perwyn, Kinnevik); USD 55M mixing equity and refinancing Published valuation: about USD 500M (reported) (Sep 2024)Method |
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| 10 | Too Good To GoMobile marketplace where restaurants, bakeries and shops sell surplus food in discounted surprise bags that consumers reserve in the app and collect before closing time. | Growth · USD 31.1M · Jan 2021Revenue of EUR 194M in 2024, EBIT EUR 1.8M · 2024 | Last known equity round: Growth · USD 31.1M · Jan 2021 (Blisce, Audeo Ventures)Method | Be the first | Back |
| 11 | magicpinRuns a local discovery and rewards app whose main growth line is restaurant food delivery, largely through India's ONDC open network, in Delhi, Bengaluru and other cities. | Series D · USD 60M · 2021Key metrics not disclosed | Last known equity round: Series D · USD 60M · 2021 (Zomato, Lightspeed Venture Partners)Method | Be the first | Back |
| 12 | CurefoodsOperates cloud kitchens and a portfolio of food brands such as EatFit, CakeZone and Nomad Pizza, selling meals mainly through delivery apps and some outlets across Indian cities. | Pre-IPO placement · USD 18M · Sep 2025Total income of INR 775 crore in FY25, up 22% year on year · Mar 2025 | Last known equity round: Pre-IPO placement · USD 18M · Sep 2025 (3State Ventures); INR 160 croreMethod | Be the first | Back |
| 13 | CookUnitySubscription service that delivers ready-to-eat meals cooked by independent chefs in regional kitchens, letting customers choose weekly dishes from a rotating chef marketplace across the US. | Series B · USD 47M · Sep 2021Total meals up more than 75% year over year (12 months to Oct 2025) · Oct 2025 | Last known equity round: Series B · USD 47M · Sep 2021 (Insight Partners, Endeavor Catalyst, IDCV)Method | Be the first | Back |
| 14 | SliceConsumer app and marketplace for ordering pizza from independent pizzerias, which also gives those shops online ordering, marketing and phone-answering tools to compete with chains. | Growth round · USD 40M · Apr 2021Key metrics not disclosed | Last known equity round: Growth round · USD 40M · Apr 2021 (Cross Creek, KKR, GGV Capital)Method | Be the first | Back |
| 15 | SharebiteCorporate meal-ordering platform that lets companies offer employees restaurant meals delivered to the office or home, with centralised budgets, expense management and API integration. | Series B · USD 39M · Jun 2022Key metrics not disclosed | Last known equity round: Series B · USD 39M · Jun 2022 (Prosus)Method | Be the first | Back |
| 16 | FoodlesWorkplace catering service that installs connected fridges and corner canteens in offices and restocks them with fresh dishes prepared in its own kitchens for employees. | Series B · USD 36.6M · Sep 2021Revenue of EUR 75M in 2025, up 20% · 2025 | Last known equity round: Series B · USD 36.6M · Sep 2021 (InfraVia Growth, Bpifrance, Creadev); EUR 31MMethod | Be the first | Back |
| 17 | Territory FoodsPrepared-meal delivery service that sources ready-to-eat, diet-specific dishes from local chefs and delivers them weekly to subscribers in US cities. | Growth round · USD 22M · Apr 2021Key metrics not disclosed | Last known equity round: Growth round · USD 22M · Apr 2021 (U.S. Venture Partners)Method | Be the first | Back |
| 18 | Biryani By KiloCooks biryani and kebabs to order in individual handis in its own kitchens and delivers them through its app and food-delivery platforms across Indian cities. | Part of a larger round · USD 2M · Nov 2024Key metrics not disclosed | Last known equity round: Part of a larger round · USD 2M · Nov 2024 (Pulsar Capital) Published valuation: USD 100M (reported) (Nov 2024)Method |
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| — | Demae-canListed · TSE · 2484 | USD 95MMarket cap · Oct 2026Listed company · not ranked | |||
| 19 | TasterDelivery-only restaurant group that creates virtual food brands and runs them from its own and franchised kitchens in European cities, selling through delivery apps. | Series B · USD 37M · Apr 20211 million meals cooked in 2020 across France, UK and Spain · 2020 | Last known equity round: Series B · USD 37M · Apr 2021 (Rakuten, Octopus Ventures, Founders Future)Method | Be the first | Back |
| 20 | HangryRuns cloud kitchens and dine-in outlets for its own multi-brand menu, such as Moon Chicken and San Gyu, selling through delivery apps and its own app in Indonesia. | Follow-on round · USD 10.5M · Oct 2025Key metrics not disclosed | Last known equity round: Follow-on round · USD 10.5M · Oct 2025 (Alpha JWC Ventures); Equity and debt split not disclosedMethod | Be the first | Back |
| 21 | elmenusOperates a restaurant discovery and food ordering app in Egypt that lets consumers browse menus and order delivery from thousands of restaurants. | Pre-Series C · USD 10M · Jul 202112,000+ restaurants and 1.5M users in Egypt · Jul 2021 | Last known equity round: Pre-Series C · USD 10M · Jul 2021 (Fawry, Luxor Capital, Marakez)Method | Be the first | Back |
| 22 | ChowdeckOperates a food delivery app that connects consumers with restaurants and, increasingly, stores in Nigerian and Ghanaian cities, delivering orders with its own rider network. | Series A · USD 9M · Aug 20251.5M customers and 20,000+ riders across 11 cities in Nigeria and Ghana, profitable · Aug 2025 | Last known equity round: Series A · USD 9M · Aug 2025 (Novastar Ventures, Y Combinator)Method | Be the first | Back |
| 23 | FoodologyOperator of dark kitchens and virtual restaurant brands that cooks delivery-only meals sold through delivery apps in Colombia, Mexico, Brazil and Peru. | Series B · USD 20M · Oct 2022More than 80 dark kitchens in four countries (Oct 2022) · Oct 2022 | Last known equity round: Series B · USD 20M · Oct 2022 (Chimera Investments, Andreessen Horowitz); USD 30M of debt not countedMethod | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
Corporate investor? Back the startups of your own segment
No ranked company in this region yet: see the Radar.
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main activity in this segment (food delivery). Country shown is the country of main operations. Request a correction
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How to read this ranking
Rank
Companies are ranked by AI-estimated valuation, highest first. The market sets the value; AI models estimate it.
Estimate
An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.
- Hundreds of k$
- Millions $
- Tens of M$
- Hundreds of M$
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Challengers
A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.
Sponsored space · no Challenger listed yet
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call.
- Muncher · Colombia · Latin America & CaribbeanNov 2022 · USD 27M; equity and debt split not disclosedBack
- Grain · Singapore · AsiaMay 2019 · USD 10M; activity since 2021 not confirmedBack
- Mrsool · Saudi Arabia · Middle East & North AfricaMar 2019; amount not disclosedBack
No company on the radar in this region yet.
Listed benchmarks
Not ranked: no intention is possible on a listed company.
- DoorDash · United StatesNasdaq · DASH · USD 83bn (Oct 2026)
- Meituan · ChinaHKEX · 3690 · USD 60bn (Oct 2026)
- Delivery Hero · GermanyXetra · DHER · USD 13bn (Oct 2026)
- Talabat · United Arab EmiratesDFM · TALABAT · USD 6.7bn (Oct 2026)
- Jahez · Saudi ArabiaTadawul · 6017 · USD 630M (Oct 2026)
- Demae-can · JapanTSE · 2484 · USD 95M (Oct 2026)
- Swiggy · IndiaNSE · SWIGGY
- Eternal (Zomato) · IndiaNSE · ETERNAL
- Uber · United StatesNYSE · UBER
- Grab · SingaporeNasdaq · GRAB
- GoTo · IndonesiaIDX · GOTO
- Coupang · South KoreaNYSE · CPNG
Sources and method for this segment
Calendar. Global segment rankings are published twice a year. Next edition: April 4, 2027.
Eligibility. At least $1M raised in equity, non-listed company, main activity in this segment (food delivery). A company appears in one segment only.
Sources. Company announcements, Bloomberg, Fortune, Financial Times, Reuters, TechCrunch, The Information, Sifted, Les Echos, Entrackr, Inc42, The Economic Times, DealStreetAsia, TechCabal, Wamda, 36Kr, and market data for listed companies.