Delivery Collective provider of a merchant-first delivery infrastructure, secures $3.8million in funding. With investment from Pathbreaker Ventures, GTM Fund, and 640Oxford Ventures, defy.vc and Bling Capital led the round.
The money will be used by the business to increase operations and development initiatives. Delivery Collective, led by Bala Subramaniam and Deepak Tirumalasetty, offers a merchant-first delivery infrastructure with the goal of decentralising local commerce by eliminating the need for middlemen and enabling direct connections between businesses and their clients, saving money for both.
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In order to enable local merchants to interact directly with their devoted clientele without the need for an intermediary and to avoid paying them commissions on deliveries exceeding thirty percent of total sales, the company intends to provide a white-label multi-category delivery technology and operational infrastructure without requiring any capital expenditure.
About Delivery Collective
Restaurants lose up to 30% of their food sales to delivery commissions for third-party delivery apps, while customers pay up to 36% of their orders in fees for food delivery. The platform for merchant-first delivery is called Delivery Collective. Their goal is to put customers in touch with establishments directly.
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