About FoodCourt
FoodCourt is a company based in Lagos (Nigeria) founded in 2021 by Paul Adokiye Iruene.. FoodCourt has raised $125 thousand across 1 funding round from investors including Y Combinator. FoodCourt operates in a competitive market with competitors including Chowdeck, HeyFood, Mealed, Olili Foods and KwikFood, among others.
- Headquarter Lagos, Nigeria
- Founders Paul Adokiye Iruene
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$125 K (USD)
in 1 rounds
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Latest Funding Round
$125 K (USD), Seed
Sep 13, 2022
- Investors
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Employee Count
Employee Count
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Funding Insights of FoodCourt
FoodCourt has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in September 2022. 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 1
- Last Round Seed — $125,000
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First Round
First Round
(13 Sep 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - FoodCourt | Valuation |
investors |
| 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 FoodCourt
FoodCourt has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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 FoodCourt
| 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 - FoodCourt
| 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 |
Foodcourt Comparisons
Competitors of FoodCourt
FoodCourt 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 Chowdeck, HeyFood, Mealed, Olili Foods and KwikFood, 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 |
Chowdeck is engaged in food and grocery delivery services.
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| domain | founded_year | HQ Location |
Online platform offering food ordering and delivery services
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| domain | founded_year | HQ Location |
Facilitates online ordering and delivery of meals from restaurants.
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| domain | founded_year | HQ Location |
Operates an online platform for seamless delivery of restaurant food to customers.
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| domain | founded_year | HQ Location |
Offers a platform to discover and order food from restaurants.
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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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Frequently Asked Questions about FoodCourt
When was FoodCourt founded?
FoodCourt was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is FoodCourt located?
FoodCourt is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is FoodCourt a funded company?
FoodCourt is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Sep 13, 2022.
What does FoodCourt do?
FoodCourt was founded in 2021 in Lagos, Nigeria, as an app-based platform in the food delivery sector. Operations are conducted through a mobile application available on Android and iOS devices. A range of food products, including rice, salads, beverages, bread, chicken and meat dishes, seafood, vegetarian options, and ice creams, is provided to users. The service focuses on efficient delivery within the local geography.
Who are the top competitors of FoodCourt?
FoodCourt's top competitors include Chowdeck, HeyFood and ChowCentral.
Who are FoodCourt's investors?
FoodCourt has 1 investor. Key investors include Y Combinator.