Sharebite, a startup that partners with restaurants to deliver food to corporate clients, today announced that it raised $39 million in a Series B round led by Prosus with participation from Fiserv, Contour Venture Partners, Reign Ventures, London Technology Club and Not Boring Fund. Co-founder and CEO Dilip Rao tells TechCrunch that the proceeds will be put toward expanding Sharebite’s market share, launching new products and developing AI-powered tools to “enhance the meal-ordering experience.”
Rao and Mohsin Memon, Sharebite’s other co-founder, were inspired to launch the company in 2015 after spending years working at Wall Street firms. Mohsin was an analyst at Bank of America, while Rao finished a tenure at Goldman Sachs to join Credit Suisse as an investment banker.
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