# Saltalk

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

- Industry: Internet
- Headquarters: Santa Clara, US
- Website: www.saltalk.com
- Total disclosed funding: $8.6M
- Latest round: Series A (Mar 28, 2022)
- Investors on record: 4

## About

In 2017, the company was founded by Fred Ming, a Chinese entrepreneur based in the US. In 2022, the company raised USD 8 million in series A round of financing. As of 2022, the company has built 8,000-square-foot virtual kitchen, meaning the business model without dine-in facilities, which featured over 200 different dishes.

The company operates as a virtual kitchen and food ordering platform as an one-stop shop from Japanese food to pizza. Customers can order up to 2 weeks ahead, and delivery comes in 15 minutes. The platform cut out delivery fee by standardizing routing plans so the deliverer can do four stops at one time. In 2021, there are around 100 companies use the service Saltalk provided, which allows pre-ordering of group meals and delivery through proprietary route planning technology.

The company generates revenue by providing services to chefs who wanted to start their own business, with 25% commission charged from such service.

The company is planning to build up two new 15,000-square-foot virtual kitchens in the East Bay and the Peninsula to support additional brands, with 15 of these kitchens be dotted across Silicon Valley by the end of 2024.

## Funding rounds

- Series A, Mar 28, 2022, $7M — Foothill Ventures
- Seed, Aug 1, 2018, $1.6M — GrubMarket, Inc., Centregold Capital, Celtic House Asia Partners

## Investors

- GrubMarket, Inc. — Seed
- Centregold Capital (https://capitalatlas.ai/funds/centregold-capital) — Seed
- Celtic House Asia Partners (https://capitalatlas.ai/funds/celtic-house-asia-partners) — Seed
- Foothill Ventures (https://capitalatlas.ai/funds/foothill-ventures) — Series A