Headquartered in Boston, Massachusetts, ezCater was established and bootstrapped by Briscoe Rodgers, and Stefania Mallett as an online marketplace for business catering in the year 2007. The online catering marketplace allows individuals to order food from local caterers of their choice. In addition to that, the company’s online ordering, on-time ratings and reviews, and top-notch customer service connect businesspersons to trustworthy catering for any meeting, anywhere in the United States of America. Most importantly, ezCater has a revenue of $15M with 665 employees in total.
GIC, Singapore-based wealth fund stated that it has co-invested US$150 million in Boston-based ezCater, online catering marketplace business with Lightspeed Venture Partners. Other investors who also partook in the funding round were ICONIQ Capital, Light Street Capital, Quadrille Capital, and Wellington Management. Currently, the valuation of ezCater is estimated to be at US$1.25 billion. In the year 2011, the ezCater secured a Series A investment of US$2.7 million along with equity fundraises of over US$300 million. Not just that, the company raised a total amount of US$100 million Series D a few months ago. EzCater has clearly stated that the funds that it has raised will be used to scale and expand the global catering industry.
How Is It Different From Other Catering Services?
In July 2018, ezCater acquired GoCater, a Paris-based online catering platform and exhibited international expansion. Along with that, the recent acquisition of Monkey Group, a cloud platform for take-out, delivery, and catering reestablished the company’s position as the market leader in catering management software. EzCater has worked with more than 60,000 restaurants and caterers in different parts of the United States. Nonetheless, the company has never worked directly with food or made any deliveries on its own. As far as the future is concerned, the company further aims to accelerate its international expansion with potential merger and acquirement in the coming time. Additionally, the company will also take into consideration feasible public offerings.
The Road Map
When it comes to ordering food online for your office, ezCater has all the necessary solutions. Being the world’s biggest marketplace for corporate catering, ezCater make the process much easier and convenient.
Last but not least, the recent acquisitions of the ezCater mark it’s very first steps towards international expansion.
Get in touch with the team today.
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