“IFood do interior”, Delivery Much receives new contribution from Stone

After growing 117% in 2020, the delivery company raised its Series B round with Stone. The amount of the contribution was not disclosed.

The delivery application from Rio Grande do Sul, Delivery Much, popular in the interior of the country, announced this week that it had lifted its round of series B investments with Stone. The values ​​were not disclosed, but this is the second contribution that fintech makes in the delivery application.

According to the founder and president of Delivery Much, Pedro Judacheski, the investment came after the company managed to achieve all of its goals for 2020. “In the planning that we designed in 2020, we built milestones to be reached month by month. With that, we had data on what we needed to do and what adjustments would be needed during the execution, to surpass the goals ”, says the executive.

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In 2020, the startup grew its revenue by 117% – twice as much as the average of the Brazilian delivery market in the same period, according to Statista. The company ended the year in more than 320 cities in the interior of 18 states, with more than 15,000 registered establishments and 3 million consumers.

With the new round of investments by Stone, Delivery Much expects to expand its operations in the national territory and does not rule out the possibility of acquiring complementary companies or the same segment to advance its expansion strategy.

In addition, the company intends to improve its products and hire new people for the team. “Our goal for 2021 is to deliver the best experience in online delivery to our customers, so that we have not only a simple and fast application for ordering delivery, but a partner channel that truly favors consumers for the small and medium storekeeper”, says Judacheski.

Delivery Much was created in 2011 in Santa Maria, Rio Grande do Sul, as a delivery solution for the region. The company maintained its local presence until 2015, when it decided to expand in Brazil adopting the franchise model. In 2019, the company reached one million users and, a year later, driven by the pandemic, it won its first contribution from fintech Stone.