# Frichti

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/frichti

- Industry: Consumer Services
- Headquarters: Paris, France
- Website: www.frichti.co
- Total disclosed funding: $48M
- Latest round: Series B (Jul 10, 2017)
- Investors on record: 4

## About

Frichti SAS, based in France, operates an online meal delivery service, focusing on providing fresh, high-quality culinary options that cater to a diverse customer base seeking convenient dining solutions.Frichti SAS is an online food delivery service that allows customers to order fresh meals and groceries. Founded in 2015 in Paris, France, the company has completed a total of 6 deals, with the most recent funding round occurring on October 27, 2023. The company raised EUR 31.00 mn in its Series B funding, with notable investors including Alven, Felix Capital, Idinvest Partners, and Verlinvest, bringing the total amount raised to EUR 31.00 mn and a current company valuation of EUR 107.573 mn. The founder, Quentin Vacher, has an entrepreneurial background that includes launching other companies prior to Frichti.Frichti offers a diverse range of culinary services designed to cater to the needs of food lovers seeking fresh and convenient meal options. Central to Frichti's offerings is their innovative platform that provides customers with access to a variety of ready-to-eat meals and grocery products, emphasizing freshness and quality. The service operates by delivering carefully curated meals directly to consumers, enabling them to enjoy restaurant-quality food at home without the hassle of cooking. Frichti serves a broad customer base, including busy professionals, families, and health-conscious individuals seeking convenient dining solutions. The company operates primarily in urban markets across France, showcasing its commitment to providing high-quality food to metropolitan areas.Frichti generates revenue through a direct-to-consumer business model, primarily focusing on meal delivery services. In 2016, the company reported a revenue of EUR 5,212,342.70 and an EBITDA of EUR -6,505,534.60. Customers place orders through the Frichti platform, selecting from a menu that features an array of meals and grocery items, ensuring flexibility for a wide audience. The pricing structure is based on individual meal costs and grocery product prices, allowing for competitive rates that cater to various consumer segments, thereby attracting repeat customers who value the convenience of fresh meals delivered to their doorstep.Following the recent acquisition by Deleev SAS in September 2023, Frichti plans to enhance its market presence and improve service delivery. The acquisition is expected to support Frichti's potential expansion into new markets, although specific geographic targets and timelines have not been disclosed. The recent funding will be utilized to further develop their service offerings and enhance operational capabilities, aligning with the strategic goals of Deleev SAS.

## Funding rounds

- Series B, Jul 10, 2017, $35M — Idinvest Partners, Alven, Verlinvest, Felix Capital
- Series A, Mar 30, 2016, $13M — Idinvest Partners, Alven

## Investors

- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series A, Series B
- Alven (https://capitalatlas.ai/funds/alven) — Series A, Series B
- Verlinvest — Series B
- Felix Capital (https://capitalatlas.ai/funds/felix-capital) — Series B