Carriage Logistics General Trading Company

Carriage Logistics General Trading Company, based in Kuwait, specializes in logistics and delivery services, connecting local restaurants with customers to enhance the online food ordering experience. Carriage Logistics General Trading Company, founded in 2016, operates as a logistics and delivery platform in Kuwait City, Kuwait. The company has executed 2 deals, with its most recent funding round being an ADD-ON Trade Sale on May 29, 2017, led by Delivery Hero SE. The total amount raised by the company is USD 1.

3 mn, with the latest round amounting to USD 100 mn. The acquisition by Delivery Hero SE aims to expand the company’s market share. Carriage provides a logistics and delivery platform that connects local restaurants with customers. Its services include online food ordering and real-time delivery tracking, catering to a diverse clientele from local eateries to larger food chains.

The platform is operational in several metropolitan areas, including major cities in the United States and select international markets, responding to the increasing demand for convenient food delivery solutions. Carriage's revenue model is based on delivery fees and service charges from customer orders placed through its platform. The company primarily earns income from transaction-based fees imposed on restaurants for each order fulfilled. Additionally, it may offer subscription plans to enhance partner visibility and market reach.

Revenue is also bolstered by collaborations with food brands and promotional initiatives, creating a mutually beneficial marketplace for individual consumers and partner restaurants. Following the acquisition on May 29, 2017, Carriage aims to utilize the funding received to expand its market presence. Future strategies include developing new features for its platform and exploring expansion into additional geographic markets. Specific target regions and timelines have not been provided, but the acquisition by Delivery Hero SE is expected to support these growth initiatives by increasing market penetration.