CB insights released new data showing funding trends between 2013 and 2017 comparing funding for meal deliveries (restaurants, meal deliveries) and grocery deliveries (uncooked groceries, meal kits).
While investment in meal delivery startups has been showing significant decline over the past five quarters, investment in grocery delivery startups is thriving – totaling $1.4B funding in 2016.
For the first time, 2016 became the year in which funding on grocery delivery startups surpassed investment in meal delivery startups – which went down from $4.1B in 2015 to just over $1B in 2016.
It is worth pointing out that the number of deals for both verticals has dropped consistently since 2015 and that Instacart’s $400m Series D round accounts for more that 50% of all the funding in 2017 for grocery delivery startups.
We look forward to seeing how the rest of 2017 shapes up for both meal and grocery delivery startups in an ever-increasing competitive landscape.