On-demand restaurant delivery service Bite Squad is planning to expand its footprint by adding 100 new US cities to its platform this year.
The company has already added 100 cities to its service area in 2018, expanding its footprint to more than 300 cities. Bite Squad plans to offer services in more than 400 cities in 22 states by the end of this year.
Bite Squad CEO and co-founder Kian Salehi said: “A major percentage of the largest US cities are underserved when it comes to food delivery service.
“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.
“Our unique business model creates healthy unit economics, allowing us to grow and scale both rapidly and profitably. 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.”
The expansion includes the acquisition of 13 regional restaurant delivery companies in Florida, Texas, North Carolina, Mississippi, Oklahoma and Wisconsin.
It also includes organic market expansions in Florida, Arkansas, South Carolina, North Carolina and Minnesota.
Established in 2012, Bite Squad currently employs more than 5,000 drivers to offer on-demand delivery services across the US.
The company offers delivery services from more than 10,000 restaurants.