Line0 (Multi-million USD series A round led by Sequoia China)
Business
- Local on-demand delivery service
- Web & app
Competition
- Platform for restaurants: Ele.me
- Local food services and good delivery: Daojia (China), Wunwun, Postmates (US)
Problem
- Delivery speed
- Quality of the food
- Type of food
Approach
- Standardizing; network food merchants, covering areas of logistics, food quality, and customer services.
- Tiny food merchants; target the while-collar with narrow menu option.
Business Model
- 6-yuan; within an hour
- 10-yuan; 60 to 75 minutes
- 15-yuan; 75 to 90 minutes
Others
- 30% conversion rate per unique visitor
- 45% repeat purchase rate
- 15 to 20% growth per month
- 40% of its orders are mobile-based.
- Delivery speed average 40 to 45 minutes
- Approval rate of 95% under normal weather conditions