Market Overview

Bite Squad Adds 100 New Cities, Expanding its On-Demand Platform to 300+ U.S. Cities

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Minneapolis, MN, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Bite Squad, an on-demand restaurant delivery service, today announced it has added 100 new U.S. cities to its service area in 2018, and plans to add approximately 100 more this year. The recent additions expand the company's national footprint to more than 300 cities. Bite Squad expects to serve over 400 cities, in 22 states, by the end of 2018.

"A major percentage of the largest U.S. cities are underserved when it comes to food delivery service," said Bite Squad CEO and co-founder, Kian Salehi. "We're thrilled to move into these areas where consumers want more access to food delivery and restaurants are ready for a strong partner in what is the fastest growing opportunity in the industry."

Bite Squad's 100-city expansion includes the acquisition of 13 regional restaurant delivery companies in Florida, Texas, North Carolina, Mississippi, Oklahoma and Wisconsin, as well as organic market expansions in Florida, Arkansas, South Carolina, North Carolina and Minnesota. The growth follows the company's acquisition of 17 local restaurant delivery companies in 2017.

"Our unique business model creates healthy unit economics, allowing us to grow and scale both rapidly and profitably," said Salehi. "Unlike many companies in this space, we're experiencing organic growth, funded by our own profits. Post-integration growth in acquired markets is explosive, and response in new, organic markets is strong."

Operating since 2012, Bite Squad distinguishes itself in the on-demand delivery space with its technology, built for both massive scale and end-to-end service, as well as its W-2 employee driver model. Unlike most food delivery companies that use independent contractors, Bite Squad drivers are employees, allowing for long-term benefits such as driver retention, quality control and customer satisfaction. The company currently employs more than 5,000 drivers nationwide.

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On-demand food delivery service Bite Squad adds 100 cities this year, will add 100 more by end of year.



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About Bite Squad
Bite Squad is a leading independent provider of online and mobile food delivery services in the United States. Founded in 2012, in Minneapolis, Minnesota, Bite Squad partners with more than 10,000 restaurants across more than 300 cities to deliver fresh food straight to the customer's door, quickly and hassle-free. To learn more about Bite Squad or to download the top-rated Bite Squad mobile apps, visit bitesquad.com.

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Liz Sniegocki
Bite Squad
612-500-4291
l.sniegocki@bitesquad.com

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