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EatStreet

EatStreet scaled a restaurant-delivery network across 250 US secondary cities before Zomato acquired it in 2021.

EatStreet

Hungry? Order food online with EatStreet. Just click here, enter your address and we

General information

Firm type

other

Year founded

2010

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Madison

Corporate office

Madison, WI, United States

Principals

Matt Howard

Co-Founder & CEO

Eric Martell

Co-Founder

Alex Wyler

Co-Founder

Sector focus

FoodTechMobility & Transportation

Frequently asked questions

Who founded EatStreet and what was the original concept?

Matt Howard, Eric Martell, and Alex Wyler founded the company as BadgerBites in 2010 while students at the University of Wisconsin-Madison. The initial product was a straightforward menu-aggregation site for campus-area restaurants. By 2012 the team had rebuilt the platform as a full online ordering and delivery service under the EatStreet brand.

What was EatStreet's geographic strategy?

EatStreet deliberately avoided the saturated coastal metros and instead built density in secondary and tertiary markets — college towns, state capitals, and mid-sized cities across the Midwest, South, and Plains states. The company operated in cities like Madison, Lawrence, Iowa City, and Tuscaloosa where national competitors had not yet saturated restaurant supply. This secondary-market focus lowered customer acquisition costs relative to the DoorDash and Grubhub core playbook.

How did EatStreet's acquisition by Zomato unfold?

In February 2021, India-based food delivery platform Zomato acquired EatStreet outright in an all-cash transaction. The deal valued EatStreet in the tens of millions of dollars and served as Zomato's entry point into the United States market. Zomato subsequently wound down EatStreet's US delivery operations as the parent company shifted its international focus.

Did EatStreet operate its own delivery fleet or rely on restaurant drivers?

EatStreet operated a hybrid model in its core markets — the company maintained its own contracted driver fleet for last-mile delivery while also offering a self-delivery option for restaurants that preferred to use in-house drivers. This gave the platform coverage in lower-density zones where a full-time driver fleet would not pencil out.

What was EatStreet's funding history before the exit?

EatStreet raised approximately $40 million in disclosed venture funding across multiple rounds. Known investors included 4490 Ventures, MATH Venture Partners, and Cornerstone Angels. The company's fundraising cadence was conservative compared to coastal competitors, consistent with its capital-efficient secondary-market strategy.

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