US food delivery startup Caviar bags $15M in seed and Series A funding
Food delivery startup Caviar has secured a total of $15 million in new funding. Winklevoss Capital led the $2-million seed round while Tiger Global led the $13-million Series A round. Andreessen Horowitz, Mixt Greens, and Paul Buchheit also participated in the funding, according to TechCrunch.
Caviar partners with high-quality restaurants to provide its customers with fast delivery of fresh food. This is its big difference from its food-delivery rivals, the report added.
The San Francisco startup also provides a link that its customers can share to colleagues or friends to arrange a group order. This function works especially well for large events and office lunches. Every order has an average cost of $80. The startup has a good record of customer retention, the report detailed.
Caviar will use the new capital to tap into new markets. Following its recent entry into Washington, D.C, the startup would add a new city every week for the next couple of months. As of now, the company's delivery service is available in San Francisco, New York City, and Seattle, TechCrunch relayed.