Incorporated in 2014 and headquartered in Canada, Ritual.co offers a social ordering app tailored for the food and beverage industry. Their platform allows users to place and pay for orders at a range of local restaurants and coffee shops. Additionally, Ritual enables friends and colleagues to add their orders onto an existing one, streamlining the process and saving time for all parties involved.
The latest injection of funding, a substantial $29.80M Series C investment on 01 June 2020, came from a pool of notable investors including Greylock Partners, Georgian Partners, Mistral Venture Partners, and Biotech Insight Ventures. This financial backing is a testament to the company's potential for large-scale growth and continued innovation within the mobile and e-commerce spheres.
Operating at the intersection of e-commerce, food and beverage, and mobile technology, Ritual.co has positioned itself as a key player in catering to the bustling quick-service restaurant and coffee shop market across major cities in North America. The company's forward-thinking approach not only enhances the customer experience but also supports merchant profitability through increased order volumes—a win-win scenario for all stakeholders involved.
