About FoodByUs
FoodByUs is a company based in Sydney (Australia) founded in 2015 by Ben Lipschitz and Gary Munitz.. FoodByUs has raised $23.51 million across 3 funding rounds from investors including Macquarie Group, FJ Labs and Base Capital. FoodByUs offers products and services including Digital Ordering, Menu Costing, Price Tracking, Invoice Hub, and Shop & Save Marketplace. FoodByUs operates in a competitive market with competitors including Liven, LimeTray, Food Market Hub, TradeSquare and Foodbomb, among others.
- Headquarter Sydney, Australia
- Founders Ben Lipschitz, Gary Munitz
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Sectors
ConsumerRetail
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Email
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Phone
*********
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Website
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Social
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- Legal Name Foodbyus Pty. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.51 M (USD)
in 3 rounds
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Latest Funding Round
$12 M (USD), Series B
Jan 30, 2023
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Investors
Macquarie Group
& 3 more
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Employee Count
Employee Count
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Products & Services of FoodByUs
FoodByUs offers a comprehensive portfolio of products and services, including Digital Ordering, Menu Costing, Price Tracking, Invoice Hub, and Shop & Save Marketplace. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
System for managing and consolidating food orders from suppliers.
Tool to track ingredient prices and optimize menu profitability.
Monitors food supply prices and changes for cost visibility.
Automates capturing and managing supplier invoices.
Provides access to wholesale suppliers and exclusive deals.
Funding Insights of FoodByUs
FoodByUs has successfully raised a total of $23.51M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $12 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $12.0M
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First Round
First Round
(31 Aug 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series B - FoodByUs | Valuation | Base Capital | |
| Nov, 2021 | Amount | Series A - FoodByUs | Valuation | Macquarie Group , FJ Labs |
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| Aug, 2016 | Amount | Seed - FoodByUs | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FoodByUs
FoodByUs has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Macquarie Group, FJ Labs and Base Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Base Capital is engaged in global investment across various stages.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Trawalla Group is operated as the Schwartz Family Office for investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FoodByUs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FoodByUs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Foodbyus Comparisons
Competitors of FoodByUs
FoodByUs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Liven, LimeTray, Food Market Hub, TradeSquare and Foodbomb, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Software suite solutions for restaurant operations and management are provided.
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| domain | founded_year | HQ Location |
Restaurant management and marketing software suite is provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based inventory management solutions are provided for restaurants.
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| domain | founded_year | HQ Location |
Multi-category products are traded on an online B2B marketplace.
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| domain | founded_year | HQ Location |
Online sourcing platform to buy food ingredients for restaurants
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| domain | founded_year | HQ Location |
Provider of restaurant management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Foodbyus
Frequently Asked Questions about FoodByUs
When was FoodByUs founded?
FoodByUs was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is FoodByUs located?
FoodByUs is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of FoodByUs?
Ben Lipschitz is the current CEO of FoodByUs. They have also founded this company.
Is FoodByUs a funded company?
FoodByUs is a funded company, having raised a total of $23.51M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.51M, raised on Aug 31, 2016.
What does FoodByUs do?
FoodByUs was founded in 2015 in Sydney, Australia, as an online B2B marketplace in the grocery sector. A range of products including meat, seafood, fruits, vegetables, oils, honey, snacks, bakery items, dairy, grains, and flour is provided to businesses. Price comparisons for these grocery items are facilitated via the platform, supporting procurement operations across Australia.
Who are the top competitors of FoodByUs?
FoodByUs's top competitors include Liven, LimeTray and TradeSquare.
What products or services does FoodByUs offer?
FoodByUs offers Digital Ordering, Menu Costing, Price Tracking, Invoice Hub, and Shop & Save Marketplace.
Who are FoodByUs's investors?
FoodByUs has 4 investors. Key investors include Macquarie Group, FJ Labs, Base Capital, and Trawalla Group.