Innovative start-up Food Rocket receives an $8 million pre-money valuation and attracts investment and venture capital

New York – April 7, 2023 – Food Rocket, the innovative start-up founded by Italian entrepreneur Dario Scattarelli, has received an $8 million pre-money valuation and is attracting investment and venture capital. The company operates in the virtual restaurant industry, creating and managing restaurant brands exclusively for home delivery.

Food Rocket is preparing to discuss a $2 million Series A funding round for a 20% stake in the company with Sequoia Capital, Andreessen Horowitz, and Accel Partners. Food Rocket’s business model is based on key elements such as creating virtual restaurant brands, partnering with existing restaurants to use their kitchens as production points, using third-party home delivery platforms, analyzing data to identify market trends and consumer preferences, and marketing and promotion through digital channels.

The delivery market in the United States is constantly expanding, and it is expected to reach a value of $70 billion by 2023. Food Rocket aims to exploit this growth and expand its presence in the virtual restaurant industry. The COVID-19 pandemic has accelerated the transition of consumers to e-commerce, increasing demand for the delivery of products purchased online. Food Rocket is well-positioned to take advantage of this trend and offer a wide range of home-delivery food options to consumers.

Technology will continue to play a key role in the growth of the delivery market, with the possibility of experimenting with new automated delivery solutions such as drones, robots, and autonomous vehicles. Food Rocket is aware of technological innovations and is committed to continuously improving the efficiency of its operations.

Dario Scattarelli, founder of Food Rocket, says: “We are excited to have attracted the interest of such prestigious investment and venture capital funds.

This funding round will allow us to further expand our presence in the market and continue to innovate in the virtual restaurant industry.”For more information on Food Rocket and its initiatives in the virtual restaurant industry, visit [www.foodrocketglobal.com] or contact pr@foodrocketglobal.com.

About Food Rocket

Food Rocket is an innovative start-up founded by Italian entrepreneur Dario Scattarelli in 2020, which operates in the virtual restaurant industry. The company focuses on creating restaurant brands exclusively for home delivery, using existing infrastructure from partner restaurants and collaborating with third-party home delivery platforms. Food Rocket’s business model is based on data analysis to identify market trends and consumer preferences, and marketing through digital channels.

Food Rocket is ready for a $2 million funding round for a 20% stake in the company with Sequoia Capital, Andreessen Horowitz, and Accel Partners. The Italian start-up aims to exploit the growth of the delivery market in the United States and expand its presence in the virtual restaurant industry.

The COVID-19 pandemic has accelerated the transition of consumers to e-commerce, increasing demand for delivery of products purchased online. Food Rocket is well-positioned to take advantage of this trend and offer a wide range of home-delivery food options to consumers.

The delivery market in the United States is constantly expanding, and it is expected to reach a value of $70 billion by 2023. Food Rocket is ready to face this challenge and continuously innovate in the virtual restaurant industry.

Dario Scattarelli, founder of Food Rocket, concludes: “We are ready for this new funding round and to further expand our presence in the market. We are grateful for the interest of investment and venture capital funds, and we are excited to continue to innovate in the virtual restaurant industry.”

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Company Name: FoodRocket
Contact Person: Media Relations
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Country: United States
Website: https://foodrocketglobal.com/