Provides delivery-only virtual restaurant brands and an order aggregation platform that enables restaurants to increase revenue without additional overhead. By leveraging existing kitchen staff and resources, restaurants can fulfill online orders for multiple brands, achieving profit margins of 25% to 30% with no upfront costs or fees.
Funding
$150.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EVRVSHSVFounders
Product
Problem
Many restaurants operate below their full potential, with underutilized kitchen capacity and staff, leading to lost revenue opportunities. Expanding a restaurant's offerings traditionally requires significant upfront investment in new equipment, staff training, and marketing, creating a barrier to growth.
Solution
Nextbite provides a platform that enables restaurants to operate multiple delivery-only virtual restaurant brands from their existing kitchens, increasing revenue without significant overhead. Restaurants can select from a portfolio of data-backed virtual brands, each with carefully crafted menus designed to appeal to delivery customers. Nextbite provides training and marketing support, while the restaurant leverages its existing staff and resources to fulfill the online orders. The platform integrates with Ordermark to streamline order management from multiple online ordering services into a single dashboard.
Target Audience
The primary target audience is restaurant owners and operators looking to maximize revenue from their existing kitchen space and staff by adding delivery-only virtual brands.
Features
- Portfolio of virtual restaurant brands with curated menus optimized for delivery
- Integration with existing kitchen operations and staff
- Marketing and training support for new virtual brands
- Streamlined order management through Ordermark integration
- Data-driven brand selection based on local market demand
- Access to True RevenueTM, a tool to simplify off-premise reporting