Thrive

Thrive

Thrive: Restaurant Online Ordering Platform. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$10—15m (Dealroom.co estimates Dec 2021.)
Mumbai Maharashtra (HQ)
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DateInvestorsAmountRound

N/A

Seed
*

$2.5m

Series A
*

N/A

-
Total Funding$2.5m

Recent News about Thrive

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ThriveNow is a digital platform that provides a comprehensive online ordering solution for restaurants. The company operates in the food and beverage industry, specifically targeting restaurants that wish to establish or enhance their online presence. The platform allows restaurants to set up their own online ordering system within minutes, enabling them to manage multiple types of orders, including delivery, takeaway, and dine-in.

ThriveNow's business model is centered around providing a user-friendly interface for restaurants to easily upload their menus, track deliveries, and manage orders. The platform also offers a suite of marketing tools, including an offers module, campaigns, and automated engagement to help restaurants attract, understand, and retain customers. Additionally, ThriveNow provides a loyalty program feature, allowing restaurants to reward customers with cashback or tier-based incentives.

The company also offers a unique feature that formalizes referrals through unique customer codes and incentives. This not only encourages repeat business but also promotes customer acquisition through word-of-mouth marketing. Furthermore, ThriveNow has integrated logistics partners to assist restaurants with order deliveries, providing a comprehensive solution for online food ordering and delivery.

In terms of revenue, while the platform is free to set up, it's likely that ThriveNow generates income through a commission-based model, charging restaurants a fee for each order placed through the platform.

Keywords: Online Ordering, Restaurant Solutions, Food and Beverage Industry, Digital Platform, Customer Engagement, Marketing Tools, Loyalty Program, Referral System, Integrated Logistics, Commission-Based Revenue.