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Lockdowns Are Lifting, But VCs Remain Bullish on Food Delivery Start-Ups

London-headquartered Taster became the latest food delivery firm to secure a significant round of financing, announcing Thursday it has raised $37 million from VC firms including Octopus Ventures, LocalGlobe, Battery Ventures and Heartcore Capital. It said it intends to use the money to expand across the U.K., France and Spain. Founded in 2017 by Deliveroo s seventh employee, Anton Soulier, Taster operates five delivery-only digital restaurant brands including Korean fried chicken restaurant Out Fry, Vietnamese street food restaurant Mission Saigon, and vegan burger brand A Burgers. It claims 1 million meals were delivered by its brands last year and that revenues more than doubled, although it refused to share revenue numbers.

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