The market for on-demand food ordering is cutthroat and low margin—at least for consumer startups like DoorDash and Postmates trying to deliver your $25 order of curry and pad thai. On Wednesday, ezCater announced that it has raised a $35 million Series D round to help grow its online catering marketplace, bringing the Boston-based startup's total funding to $70 million. ezCater claims to be the only nationwide two-sided marketplace that matches businesses that need catering with caterers who need business. GrubHub, originally a pure marketplace business too, has found itself chasing startups like DoorDash, Postmates, and now UberEats into the expensive delivery space. According to PitchBook, ezCater's previous funding round in late 2015 valued the company at $100 million.

Source: Forbes January 11, 2017 15:01 UTC