MealMe raises $900,000 for its food search engine
Summary
Palm Drive Capital led the round, with participation from Slow Ventures and CP Ventures.TechCrunch first became familiar with MealMe when it presented as part of the Techstars Atlanta demo day last October, mentioning it in a roundup of favorite startups from a group of the accelerators startup cohorts.The companys product allows users to search for food, or a restaurant. The company began life as a food-focused social network, co-founder Matthew Bouchner told TechCrunch. During TechCrunchs interview with MealMe, the company said that it had reached a GMV run rate of more than $500,000, and was scaling toward the $1 million mark. In the intervening weeks the company passed the $1 million GMV run-rate threshold.MealMe was slightly coy on its business model, but it appears to make margin between what it charges users for orders and the total revenue it passes along to food delivery apps.TechCrunch was curious about platform risk at MealMe; could the company get away with offering price comparison and ordering across multiple third-party delivery services without raising the ire of the companies behind those apps? His companys goal is to grow quickly, become a useful revenue source for the DoorDashes of the world, and then reach out for some of formal agreement, he explained.We continue to be a powerful revenue generator and drive thousands of orders to food delivery services per week, the co-founder said in a written statement.