flaschenpost Acquisition, Valuation, Funding & Investors

Choco is a Berlin-headquartered B2B platform connecting 50,000 European restaurants with 10,000 suppliers for ingredient orders. Founded in 2018, its app mimics consumer interfaces with chat and ordering lists, processing €4 billion in orders annually. Available in Germany, France, and the UK, Choco raised $150 million in funding and partners with Metro AG and Sysco for digital procurement.

Rohlik operates automated dark stores to deliver groceries including fresh produce, dairy, and household items within 90 minutes across Central Europe. Prague-headquartered in the Karlín district, the company runs platforms as Rohlík.cz in the Czech Republic, Košík.cz in Slovakia, Rohlik.hu in Hungary, Rohlik.at in Austria, and Rohlik.pl in Poland. Launched in 2014, it maintains fulfillment centers in cities such as Prague, Bratislava, Budapest, Vienna, and Warsaw, partnering with regional suppliers for daily restocking.

BJ's Restaurants Inc is involved in the business of owning and operating restaurants. The company operates in a single operating segment that is full-service company-owned restaurants. It has geographic presence only in the United States of America.

Domino's Pizza Group PLC is the UK's pizza brand and a player in the Irish market. The company owns, operates and franchises Domino's stores in the UK and the Republic of Ireland. The company also has an associate investment in Germany and Luxembourg. The company is organised into two geographical business units based on the operating models of the regions, the UK and Ireland and International. Revenue included in each segment includes all sales made to franchise stores (royalties, sales to franchisees and rental income) and by corporate stores located in that segment.

Wetherspoon (J D) PLC owns and operates close to 1,000 pubs throughout the United Kingdom and Ireland. The pubs generate nearly all of the company's total revenue, but it also has a very small hotel business. Its locations are in or near town centres or in suburban locations. It also has pubs in airports and railway stations. The company leases roughly half of its locations and owns the other half. Majority of its pubs operate under individual brand names. Brands with multiple locations include Wetherspoon's and Moon Under Water.

Flipdish is a Dublin-headquartered platform delivering online ordering, point-of-sale systems, and marketing tools tailored for independent restaurants across Ireland, the UK, and Europe. Launched in 2015, the company equips eateries with direct customer engagement features, kitchen management software, and delivery integrations to boost revenue and operational efficiency. Flipdish supports thousands of venues with its end-to-end ecosystem amid digital transformation in the food sector.

Xiaocaiyuan International Holding Ltd is a self-operated chain of restaurants in China’s mass Chinese cuisine market. The company generates revenue from Restaurant operations, Delivery business, and others. The company generates the majority of its revenue from Restaurant operations. The company operates within the PRC region.

JOKR is a rapid-delivery online grocer operating across Latin America, including as Daki in Brazil. The Berlin-headquartered company runs micro-fulfillment centers stocking 10,000 SKUs of fresh produce, pantry items, pharmacy products, and local specialties. Algorithms personalize recommendations and routes for 15-minute deliveries in cities like Bogotá, Mexico City, and São Paulo. Backed by investors such as Tiger Global and Kaszek Ventures, JOKR serves over 20 urban markets.

Guangzhou Restaurant Group Co Ltd is a catering service and food production company. Its catering brands include Guangzhou Restaurant, Tianji and Westernland, Good and tangible, food brand Likoufu and Autumn Wind, with Guangzhou restaurant and food restaurants, Western-style Western-style light meals, good and tangible fusion restaurant, large food processing base and more than 160 Home food chain cake house.

Ziyan Foods Group Co Ltd is engaged in the research and development, production and sales of braised food.

Westlife Foodworld Ltd owns and operates several hundred McDonald's restaurants in western and southern India through a master franchise agreement with McDonald's Corp. Its business segment is quick-service restaurants, and all of its sales are generated in India. The McDonald's menu is customized to cater to Indian tastes, with options such as the McAloo Tikki burger, Veg Pizza McPuff, and the Maharaja Mac. Its restaurants in India serve no beef or pork and isolate vegetarian and nonvegetarian ingredients at all times.

TAB Gida Sanayi ve Ticaret AS operates a chain of retail stores offering food and drinks for on-premise immediate consumption. The firm offers a range of brands of fast food including Burger King, Popeyes, Arby, Sbarro, Usta Donerci, Doner Stop, Usta Pideci, and Subway.

Ichibanya Co Ltd owns, operates, and franchises CoCo Ichibanya and other restaurants, primarily in Japan. Nearly all Ichibanya’s restaurants operate under the brand name CoCo Ichibanya, which specializes in curry dishes and has more than 1,000 locations in Japan and more than 150 locations in other Asian countries and the United States. Other restaurant brands that Ichibanya operates and franchises in Japan include Pasta de CoCo, Menya CoCo Ichi, and Nikkui Tei. Nearly 90% of the company’s revenue is generated in Japan.

Rebel Foods is a Pune-headquartered cloud kitchen operator managing over 450 brands in India and Southeast Asia. Founded in 2011, it delivers through popular labels like Faasos, Behrouz Biryani, and Mandarin Oak for diverse cuisines including North Indian, biryani, and Asian fusion. The company runs 450+ kitchens in 45 cities, processing 1.5 million orders monthly via partnerships with Zomato, Swiggy, and DoorDash. Its technology platform optimizes supply chains, menu development, and last-mile delivery efficiency.

GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business.

Biglari Holdings Inc is a holding company that owns subsidiaries in a range of businesses. The company's reportable segments include Restaurant Operations, Insurance Operations, Oil and Gas Operations. Company's restaurant operations include Steak n Shake and Western Sizzlin. Its insurance operations include First Guard, Southern Pioneer, and Biglari Reinsurance. Oil and gas operations include Southern Oil and Abraxas Petroleum. The Company also reports segment information for Maxim. The majority of revenue is derived from the Maxim Segment.

Hefu Noodle is a Hefei-based chain of noodle restaurants emphasizing Chinese-style high-end fast food concepts. The brand operates outlets serving hand-pulled noodles, rice dishes, and dim sum with premium ingredients sourced from regional suppliers in Anhui province, positioning itself as a leader in upscale quick-service dining across eastern China.

Sweetgreen Inc is a mission-driven, next-generation restaurant and lifestyle brand that serves healthy food at scale. Its bold vision is to be as ubiquitous as traditional fast food, but with the transparency and quality that consumers increasingly expect. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.