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Mobile App Investment Opportunity in Madrid, Spain

Online marketplace for meal booking with 50,000+ orders each month seeking growth capital.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 17.6 thousand
Run Rate Sales USD 127 thousand
EBITDA Margin 40 %
Industries Mobile Apps + 1 more
Locations  Madrid
Local Time 10:28 AM Europe / Madrid
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 700 thousand for 20.0% stake (Native Currency: EUR 600,000)
Reason: Funds will be used towards marketing to drive user growth, making investments to optimize fixed cost... View More
Includes physical assets worth USD 70 thousand
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Business Overview
- Offer a mobile and web platform that digitally connects Horeca channel businesses such as bars, restaurants, cafes and hotels with their target customers.
- Our platform enables our Horeca customers to list their menu online, source orders online, and organize their order management and delivery operations.
- It also enables our users to place orders for meals both at the restaurant and from any other location.
- At site, a user can place an order directly thus minimizing the need for a restaurant to hire waiters and allowing for a quicker, contactless, and more efficient service.
- The platform can also be used to place meal orders which can be executed and delivered to the users' location by the restaurant.
- We are only an aggregation platform and do not undertake delivery services ourselves.
- The platform is available as both Android and iOS mobile applications and as a web application.
- Our application also lists out allergen information for every meal.
- The platform is free for users (consumers) and we charge our Horeca clients a monthly subscription of around EUR 50.
- Currently have 5,000+ active users and 35+ active Horeca clients spread across Spain and Portugal.
- Over 50,000 orders are placed through our platform each month.
- Our Horeca clients include Europastry, Damm, the Fork by Trip Advisor.
- Due to the pandemic, demand has dropped considerably and the business is currently operating at a loss.
- Have received significant global media coverage and have been finalists in 2 very prestigious startup competitions.
- The company is spearheaded by serial entrepreneurs who have founded several successful ventures.
Products & Services Overview
Mobile and web aggregation platform for meal ordering. The platform allows consumers to place orders directly with the meal providers and allows the Horeca vendors to digitalize their business.
Assets Overview
Computers, office furniture, servers, mobile and web applications.
Facilities Overview
Leased office space of 200 sq. m.
Capitalization Overview
Not Disclosed
Recent Activity
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8 Investors already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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