Top Fast-Growing Catering Businesses to Watch [2024]

Top Startups

Have you ever wondered who is on the list of Catering Companies with the highest growth rates?

You’re not alone.

There are hundreds of Catering Companies found there, and keeping track of the hottest new businesses can be challenging.

But don’t worry, we’ve got you covered. Here are the top 09 fast-growing Catering Businesses that have top-tier venture capital funding.

What are Catering Businesses?

Catering businesses are businesses that operate in the catering industry, providing food and beverage services for events such as weddings, corporate functions, and private parties. 

Catering businesses typically use technology to reduce the cost of customer acquisition and to automate many of the processes involved in delivering catering services. They may also offer services such as menu design, event planning, and delivery.

Top 09 Fastest-Growing Businesses In Catering

1) ezCater

EzCater is a web-based catering marketplace where people may order food from local caterers.

Details of this business:

  • Country: United States
  • City: Boston
  • Started in: 2007
  • Founders: Briscoe Rodgers, Stefania Mallett
  • Number of employees: 501-1000
  • Funding amount: $320,789,999
  • Number of funding rounds: 11
  • Number of investors: 22

You can find their website here.

2) PuduTech

PuduTech creates self-driving delivery robots for the home care, food service, and catering industries using artificial intelligence.

Details of this business:

  • Country: China
  • City: Shenzhen
  • Started in: 2016
  • Founders: Tao Zhang
  • Number of employees: 251-500
  • Funding amount: $106,240,673
  • Number of funding rounds: 6
  • Number of investors: 5

You can find their website here.

3) Thriver

Thriver is a food and culture platform that offers employee engagement and health activities in the workplace.

Details of this business:

  • Country: Canada
  • City: Toronto
  • Started in: 2015
  • Founders: Eran Henig, Yishay Waxman
  • Number of employees: 101-250
  • Funding amount: $53,000,000
  • Number of funding rounds: 4
  • Number of investors: 21

You can find their website here.

4) Biryani By Kilo

Biryani By Kilo is a food service and delivery business that prepares and delivers authentic Indian cuisine.

Details of this business:

  • Country: India
  • City: Noida
  • Started in: 2015
  • Founders: Kaushik Roy, Ritesh Sinha, Vishal Jindal
  • Number of employees: 101-250
  • Funding amount: $8,390,686
  • Number of funding rounds: 11
  • Number of investors: 17

You can find their website here.

5) Yummy Corp

Yummy Corp is an online catering and cloud kitchen management firm with a network of delivery-only kitchens.

Details of this business:

  • Country: Indonesia
  • City: Tangerang
  • Started in: 2019
  • Founders: Edward Kumar, Juan Chene, Marbio Suntanu, Mario Suntanu, Marius Suntanu
  • Number of employees: 501-1000
  • Funding amount: $19,750,000
  • Number of funding rounds: 2
  • Number of investors: 13

You can find their website here.

6) Sweetheart Kitchen

Sweetheart Kitchen is a multi-brand virtual kitchen that produces and delivers meals using innovative cooking techniques.

Details of this business:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 2019
  • Founders: Peter Schatzberg
  • Number of employees: 101-250
  • Funding amount: € 36,000,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

7) Smunch.co

Smunch is a virtual canteen that delivers delicious and inexpensive lunches to offices for no cost.

Details of this business:

  • Country: Germany
  • City: Berlin
  • Started in: 2016
  • Founders: Oliver Hüfner, Shivram Ayyagari
  • Number of employees: 101-250
  • Funding amount: € 18,000,000
  • Number of funding rounds: 2
  • Number of investors: 7

You can find their website here.

8) Acewill

Acewill is a catering industry-focused Software-as-a-Service (SaaS) company.

Details of this business:

  • Country: China
  • City: Beijing
  • Started in: 2006
  • Founders: Lingbo Kong
  • Number of employees: 1-10
  • Funding amount: $63,763,737
  • Number of funding rounds: 4
  • Number of investors: 3

You can find their website here.

9) Panda Selected

Panda Selected is a catering-focused life service provider that caters to businesses.

Details of this business:

  • Country: China
  • City: Beijing
  • Started in: 2016
  • Founders: Billi Li
  • Number of employees: 501-1000
  • Funding amount: $70,000,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

FAQs

Is Catering Business Profitable?

Yes, catering can be a highly profitable business. Many catering companies have enjoyed success and high profits due to their ability to provide quality food, excellent customer service, and unique menu options. 

Additionally, catering businesses benefit from the ability to work with a variety of clients and can often increase their profits when they are able to offer catering services to events with large attendee numbers.

What Is The Average Investment In Catering?

The average investment in catering can vary depending on the type of catering business and its size. Generally, catering businesses require an investment of $3,000 to $50,000 to start, including equipment, supplies, and overhead costs.

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