Poke House, based in Milano, Italy, has raised EUR 20 million (USD 24 million) to extend its poke bowl delivery idea across Europe. The company has received EUR20 million ($24 million) in an investment round in Series B, which was led by Eulero Capital, with FG2 Capital and Milan Investment Partners SGR reinvesting. It can optimize the manufacturing and distribution of its products by utilizing technologies and data on major food delivery services like Uber Eats, etc. The Italian-born tech startup claims to have developed a “EUR100M+ business in less than two years.” Poke House, created in 2000 by Matteo Pichi and Vittoria Zanetti in 2013, has since opened more than 30 stores across Italy, Portugal, and Spain and now employs 400 employees. The company expects to earn greater than EUR40 million by 2021. Pokeacute 20m serieskumparaktechcrunch.
Cindy Corpis, the CEO of Search People Free, believes technology is the most effective way to invent and modernize the dining pattern. She said that the business of the Poke House has a bright future because it is becoming more popular in the world of food.
Poke House claims to use lots of technologies at its backend to improve its business’s efficiency and track every part of its supply chain. It also analyzes the data of the third-party delivery platform (such as Deliveroo, Glovo, and Uber Eats) to provide food service in under 10 minutes and delivery times of not more than 25 mins. With the company’s money, it will start the process of opening stores in existing markets, expand into France and will begin expanding into Europe and the United Kingdom. HR 20m series 24mlundentechcrunch.
Ingrid Grey, the CEO of VIN Number Lookup, stated that Poke is the most popular food item in traditional Hawaiian cuisine. It is a vibrant mixture of fruits, proteins and vegetables. Poke House earned a profit of $27 million during the series B financing. The restaurant chain utilizes technologies and information to improve the service of its seafood and rice/noodle bowls and anticipates revenues of over EUR 40 million (USD 48 million) this year.
“The epidemic has brought challenges to the food industry,” said Matteo Pichi, Co-founder Poke House. Poke House. “We consider technology to be the future to innovating and transform the traditional dining experience.” People’s tastes for quick and healthy meals are shifting. Poke bowls can meet this requirement and also help to promote a more well-balanced, active, and sustainable lifestyle. They offer nutritious and quick food choices near.” House Of Poke.
“Our competition is the rapidly growing healthy and nutritious concepts like Sweetgreen as well as Sweetfin in the United States,” Pichi stated to TechCrunch. However, we consider ourselves fortunate to be one of the very first brands entirely based on people working in food service or as former workers. The next challengers will be fully-fledged virtual companies that excel in data analysis and digital brand development. We use food delivery platforms as media and invest more heavily in the channel than competitors.”Germanybased 24m series capital Silicon Canals.
“Poke House’s business model is based on several of the major trends in the food industry (food-tech health food delivery, and customization) and has the attributes and capabilities to make it one of the best players on a European scale,” said Gianfranco Bureau who is the founding partner with Eulero Capital. We are thrilled to be part of Poke House’s revolutionary and forward-looking initiative, which is in line with our investment approach to look for companies that can be part of the macro-trends which will drive the technological, economic, and social transformation in the next few years.”
This demonstrates their capability to make an effect in the most effective way. It also shows the amazing ability they have. They are optimistic about the company’s future and are determined to move forward with each day’s growth.
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