Foodout Group is a food delivery startup operating in the Baltics and other markets. The company has merged with Ukraine’s EDA.UA and plans to expand into Belarus. It currently operates in five countries: Lithuania, Latvia, Estonia, Ukraine, and Iran. Management aims to be the top player in mobile and online food delivery in these markets within the next two to three years. The merged company raised €1 million from Chernovetskyi Investment Group; prior to this, Foodout had raised $1 million in seed funding from Goldfish Fund, while EDA.UA has not disclosed its funding history. No terms for the merger were announced. The company is in talks with competitors in five other countries and plans a separate investment round at the end of the year to continue consolidation.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2017