I'm making a food delivery company that advertises the restaurant's products. This has been done many times over with different companies throughout the years (grubhub, doorstep delivery, eat24, etc.) the majority of them are making million's per year and it seems like it would be a home run. What we've done differently is that we have been able to market the restaurant's with full picture menu's, video and banner ads across our website and various forms of social media. Even though we don't have much traction yet would this be justifiable enough to investors to pitch the idea.
Yes, you definitely need funding, since the food delivery space is a race to the bottom with heavy players already in the space.
This is bad one the one hand, good on the other, because you can raise money on this if there are a lot of people doing it. That means, there is money in it.
HOWEVER. I would not do it in a country, where a big player is already present, you simply can't win. But, you can do it in a country, where there isn't. Would it be possible for you to make it work in Chile, Austria, Serbia, Romania, Belarus, Lithuania, maybe China, Japan, Korea, Australia, Kenya? Many of those are beautiful countries, with completely untapped markets that are just waiting for a player to grab them. It just takes some time to readjust and move to another country, which most founders aren't willing to.
Answered 6 years ago
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