Food Rocket
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Food Rocket - overview
Established
2021
Location
Palo Alto, CA, US
Primary Industry
Internet
About
Founded in 2021, and based in California, US, Foodcast, Inc. , trading under the name Food Rocket, operates as a grocery delivery company. The company was founded by its CEO, Vitaly Aleksandrov. In 2022, the company launched delivery operations in Chicago, and in April 2022, Foodcast, Inc.
raised USD 25 million in series A funding led by new investor Circle K Ventures. Foodcast offers an artificial intelligence-based mobile application that lets users order groceries such as home goods, meals, fruits, and vegetables online and has them delivered to their door within 10–15 minutes. Customers can also shop or pick up orders they placed online at the company's local stores. The company employs artificial intelligence for its e-commerce operations including managing warehouse stocks and estimating demand to reduce delivery time to 10-15 minutes.
The company plans to use the 2022 funding to expand its services in Chicago and other US cities, improving AI-enabled software and teams.
Current Investors
Baring Vostok Capital Partners, Altair Capital, Internet Initiatives Development Fund
Primary Industry
Internet
Sub Industries
Courier & Delivery Services, Supermarkets & Grocery Stores, Search Engines
Website
www.foodrocket.me
Verticals
Artificial Intelligence, E-commerce, Mobile Apps
Company Stage
Ceased Operations
Total Amount Raised
Subscriber access only
Food Rocket - employee data
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