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Report: Snackpass Business Breakdown & Founding Story

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Have a different take on our research? Want to contribute to this piece? Send our research team a note. Email us In the US, restaurant sales reached almost $800 billion in 2021 and 51% of the average US family’s food spend goes to restaurants. While hundreds of billions of dollars in value have been created in the food delivery space with companies like Doordash, Uber Eats, and Grubhub, online delivery still only accounts for 8% of the restaurant industry. Broken down by generation, 59% of orders from millennials for the average restaurant are takeout orders. However, across all generations, 90% of all takeout purchasing still happening offline. Snackpass is a company that is seeking to bring more restaurant takeout transactions online with the addition of a social commerce layer to the restaurant takeout order experience. For consumers, its appeal is in its online, social approach to ordering and picking up food that provides a convenient and cheaper way to get takeout. For restaurant

Thesis In the US, restaurant sales reached almost $800 billion in 2021 and 51% of the average US family’s food spend goes to restaurants. While hundreds of billions of dollars in value have been created in the food delivery space with companies like Doordash, Uber Eats, and Grubhub, online delivery still only accounts for 8% of the restaurant industry. Broken down by generation, 59% of orders from millennials for the average restaurant are takeout orders. However, across all generations, 90% of all takeout purchasing still happening offline. Snackpass is a company that is seeking to bring more

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