Financials

Estimates*

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Revenues, earnings & profits over time
USD2017
Revenues29.2m
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DateInvestorsAmountRound
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N/A

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$13.0m

Series A

$22.0m

Series B
Total Funding$35.0m

Recent News about Favor

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More about Favorinfo icon
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Favor Delivery is a dynamic startup operating in the on-demand delivery market, primarily serving clients across Texas. The company specializes in delivering a wide range of products, from food and beverages to everyday essentials, directly to customers' doorsteps. Favor Delivery partners with local businesses, including restaurants, bakeries, and retail stores, to provide a diverse selection of items for its users.

The primary clientele of Favor Delivery includes busy professionals, families, and individuals who prefer the convenience of having products delivered rather than shopping in person. The company also actively supports various community initiatives, such as promoting Black-owned businesses and LGBTQI communities, which resonates well with socially conscious consumers.

Favor Delivery operates in the highly competitive on-demand delivery market, which includes major players like DoorDash and Uber Eats. However, Favor differentiates itself by focusing on hyper-local markets within Texas, fostering strong relationships with local businesses, and engaging in community-centric activities.

The business model of Favor Delivery is straightforward. It makes money through delivery fees charged to customers and service fees paid by partner businesses. Additionally, the company may earn revenue through promotional partnerships and special delivery events, such as free delivery promotions with local brands like H-E-B and Central Market.

In summary, Favor Delivery is a Texas-based on-demand delivery service that connects customers with local businesses, offering convenience and supporting community initiatives. The company generates revenue through delivery and service fees, as well as promotional partnerships.

Keywords: on-demand delivery, Texas, local businesses, food delivery, community support, convenience, delivery fees, service fees, promotional partnerships, hyper-local market.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Favor

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