There is a reason why seed investors fund start-up companies that cater to food delivery services. Thanks to Foodem’s CEO and founder Kash Rehman for this genius breakthrough, more and more online food delivery platforms are launched all over the world and they are always a hit. One of Foodem's angel investors Brian Gaister contributed to the successful launch of its new platform called Foodem 2.0. This offers users with seamless food ordering and selling experience.
The Most Competitive Sector
For the past few months, food and grocery delivery are attracting venture capitalists nonstop. Almost all sectors want to have a taste of food delivery included in their services. Even Uber now offers UberEats, making the food delivery niche an increasingly crowded space. To offset its competitors, this ride-sharing concept now wants to integrate food delivery as part of its services. This is a perfect example of a company who wants to focus on solutions rather than send consumers away – along with potential earnings – because of limited available services.
How to Be a Key Player
However, if you plan on joining the hype and ride along with the food and grocery delivery services, you have to make sure your startup company can withstand the struggles that lie ahead. Martin Mignot, a partner at Index Ventures based in London and San Francisco, admits that there are indeed difficulties in running successful food delivery companies. He noticed that many startups failed in US, Asia, and Europe due to frustrations in dealing with the complexities of a three-sided model just to satisfy consumers, couriers and restaurants or supermarkets. Below are a few suggestions on how you can be a key player in this competitive food and delivery sector.
1. Find Mentors. To ensure your start-up success, make sure to heed advice from experienced investment advisors like Brian R. Gaister to guide you in your entrepreneurial journey. Studies proved that mentorship is the key to startup success. You can visit Brian Gaister LinkedIn profile to find out more on how he can be a good mentor to your startup business. If you live in Baltimore area, you can utilise search engines to look for Brian Gaister Baltimore wide so he can help you become a seasoned entrepreneur.
2. Focus on Consumer Convenience. Don’t be surprised if you wake up one day and realise that you are living in an on-demand world where everything can be ordered online. Millennials are attracted to anything that provides them with ease and convenience as well as value for money. Take advantage of that need and provide them with ways on how to make their lives easier.
3. Use Criticisms to Your Advantage. People will naturally criticise something they don’t understand. Use that to your advantage to provide them with a means to try your product first before selling it to large scale consumers. This is what Foodem did when it first started, by launching a closed beta to unite small to mid-size food distributors, specialty food manufacturers and local farms directly with food buyers in order to gain feedback. Because of this, one of Foodem’s angel investors Brian Gaister believes in Foodem’s ability to solve problems on both sides of the sales equation.
The integration of technology to this basic human need is reshaping the food market today. This is not surprising as millennials, which comprise more than half of the world’s population, are attracted to anything that offers ease and convenience. Just like other Foodem’s angel investors Brian Gaister also saw great potential in this particular market. See more at http://ramw.org/news/foodem-secures-600k-angel-funding-and-launches-new-platform