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Opportunity to Invest Into Worldwide Leading Food Delivery Business

Foodout Group is an online food delivery leader in 5 European countries and Iran, connecting 140 million consumers with 7 thousand of restaurants – all on one digital platform. We are now inviting you to become a part of our successful expansion.

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Foodout is revolutionizing 215 billion dollar food delivery industry.

The most valuable retailer, has no inventory.
The world’s largest taxi company, owns no vehicles.
Largest accommodation provider, owns no real estate.
Fastest growing food delivery company, owns no restaurants.
00

Leader in 6 countries

000 M

USD of transactions

0 M

Orders Delivered

00 K

Restaurants on platform

We have grown by 6227% in 3 years.

100 dollars invested 3 years ago would now be worth 6227 dollars. Pretty good return on investment, right?

Sales

From 0 to 50M in sales per year in just 3 years.

Orders

2.15 Millions of orders on the platform in 2017 alone.

New restaurants on platform

7000 thousands of best restaurants on the platform.

Active users

+1 Million of Active Users on the platform.

Facts about Foodout Group

A company that checks all the boxes for continued success.

Existing Profitable +60M USD Valued Business
This business has been up and running since 2014. In 3 years since founding Foodout Group has grown 6227%, which makes it one of the fastest growing startups in the world. We have delivered over 4M orders to 1M happy customers and we have 7k restaurant partners on the platform. At this moment, Foodout Group is valued by venture capital funds in the range of 60M USD.
Experienced Team
Our rock-star management team has a proven track record for successful expansion and internationalization. These achievements are due to the group’s development of innovative products and technology, their top-class business execution, excellent tried-and-tested marketing strategies and customer service.
Proven Track Record
We are the fastest growing startup in the region. We have grown exponentially every year since our founding, and have become leaders in numerous countries like Ukraine, Estonia, Lithuania, Latvia, Belarus and Iran.
Next Unicorn worth a Billion Dollars
We have concrete plans and teams ready to launch to 18 countries in 5 years. We have been successful in all of the countries we have attempted expansion in, and have a proven track record of maintaining sustainable practices of profitable growth.

Who said the sky is the limit? Foodout Delivers First Pizza into Space.

We’ve become the leader in 6 markets.

And we’re only halfway there. We won’t leave a single hungry person worldwide!

215B Global Food Delivery Market

The food delivery & takeaway markets are expected to grow 25% annually, this growth being stipulated by the downward trend of in-house and in-restaurant dining.

 

This makes our particular sector one of the fastest growing and one of the most promising. Morgan Stanley analysts estimate that food delivery market has the potential to be worth some $215 billion USD.

 

McKinsey&Company estimate that online’s penetration of the total food-delivery is only at 30% and will grow exponentially soon reaching 65 percent per year.

80B Potential Value for Foodout 215B potential value for all markets

The only APP for any APPetite!

Web & App platform
Foodout has thousands of restaurants on the platform, enabling you to quickly search and order from the best in your area. You can order food with a few taps.
Logistics platform
The art of delivery is in the details. Minute by minute, morsel by morsel, we’ve broken down every step of your food’s journey to a perfect science.
AI Chatbots and Robotics
Foodoout is leading the way into the future by being first in its market to offer customers an easier way to order food by way of Artificial Inteligence Chat Bots and robotics.

Roadmap & Timeline

We have concrete plans and teams ready to expand. The world is our market.

  1. 2014
    Launch
    Launched Foodout Group.
  2. 2014-2017
    Raised investment
    From most respected and well-trusted venture capital funds. Aggressive expansion to 6 countries.
  3. 2017
    Currently Leader In
    Became a clear number 1 player in Estonia, Latvia, Ukraine, Lithuania, Belarus and Iran
  4. 2018
    Aggressive Expansion
    Concrete plans and all star teams are ready to launch in Russia, Poland and Kazakhstan.
  5. 2019-2022
    Further Expansion
    Organizing entry points to biggest and most promising markets. 5 years - 18 new countries.
  6. 2022-2025
    Worldwide Domination
    Aggresive marketing and expansion to current and additional markets.

Business model

Restaurant commission fee like Uber
Foodout charges 30% commission fee on orders from restaurants for delivery, tech platform and support.
Listing fees like Google
Just like Google Search, Foodout charges restaurants to be listed higher when the customer enters his address and gets the list of restaurants available for delivery in their location.
Delivery fee from customer
Depending on the market, we charge customers from 2 to 5 USD delivery fee. In 2017 alone, this part of the profit stream netted the company an additional 3M USD.
3rd party ad services
Foodout gets added revenue from additional 3rd party ad services like Google AdSense.
Premium advertising services
For an extra fee, we offer restaurants additional promotion on our marketing channels. They can achieve higher exposure by choosing one or more of our offered mediums.
Listing fees like Google
Just like Google Search, Foodout charges restaurants to be listed higher when the customer enters his address and gets the list of restaurants available for delivery in their location.
Restaurant commission fee like Uber
Foodout charges 30% commission fee on orders from restaurants for delivery, tech platform and support.
Delivery fee from customer
Depending on the market, we charge customers from 2 to 5 USD delivery fee. In 2017 alone, this part of the profit stream netted the company an additional 3M USD.
Premium advertising services
For an extra fee, we offer restaurants additional promotion on our marketing channels. They can achieve higher exposure by choosing one or more of our offered mediums.
3rd party ad services
Foodout gets added revenue from additional 3rd party ad services like Google AdSense.
Foodout is profitable on every order in all of the countries. This is an amazing business model, which can be viewed as a mix between Uber (commission fee) and Google (listing and advertising services).

What's in it for you?

We will be raising 5M-25M USD from ICO (soft cap/hard cap) for our expansion company. In turn, we offer our investors:

1

Opportunity

Become a part of an expansion of established, well run, rapidly growing business. Real business with a proven track record, not just an "idea on whitepaper" or a promise to try really hard. Next billion dollar company.
2

Expansion

A roadmap is already in place for expansion to Russia and Poland and 18 more countries in 5 years. These are the most promising and fastest growing markets, ideal for Foodout Group’s growth. Food delivery and takeaway market in Russia and Poland is 6Bn USD annually and growing +25% every year. The markets are expected to double in size (+100%) in 4 years. Global food delivery market is expected to be 215 Billion.
3

Full transparency

Everything we do will be transparent. There will be no unknowns in our financials. Quarterly updates will be published at the end of every quarter. All wages paid to team members and other expenses will be made publicly available. Regular meetings will be held with our investors to discuss progress.
4

Further expansion

With additional money over soft cap, depending on the total sum raised, we will be laying out roadmaps to expand to 18 new countries in 5 years. Our strategy is long-term and covers all largest and most promising food-delivery markets.

Our vision for the next 5 years

If implemented properly, Foodout will reach billions in market value by 2022.

5M USD

Soft cap

Sales

600M

New Countries

3

Profits

40M/per year

Orders

31.5M

Total Holders' Value

18M/per year

15M USD

Medium cap

Sales

1.3B

New Countries

12

Profits

92M/per year

Orders

72M

Total Holders' Value

38M/per year

25M USD

Hard cap

Sales

1.8B

New Countries

18

Profits

116M/per year

Orders

106M

Total Holders' Value

54M/per year
“Our goal isn’t quick gains. To prove this, we will lock our tokens for 3 years. Yes, 3 years, because we are confident that by this time our company value could be billions. We are building a global food delivery leader and for us this is not a “Let’s see how this goes”-kind-of-thing."
Jonas Karosas
Co-Founder and Board Member of Foodout Group

Token Allocation and Use of Funds

Everything we do will be transparent. There will be no unknowns in our financials. We will introduce clear standards for transparency for us and the ecosystem. You'll see everything: from quarterly updates to all wages and all financials.

Token allocation:

Token Investors (40%)
Foodout Group (20%) (3 year lock)
Goldfish Fund (5%)
Advisors (5%)
Legal counsel (5%)
Secondary ICO (10%)
Bounty Program (5%)
Local Teams (10%) (3 year lock)

Use of funds:

Business Development and Expansion (50%)
Marketing and PR (30%)
IT and Logistics (20%)

Frequently Asked Questions

Foodout Group is an online food delivery leader in 5 European countries and Iran, connecting 140 million consumers with 7 thousand restaurants – all on one digital platform. Since its founding, Foodout Group has grown by 6227%, which makes it one of the fastest growing startups in the world. Our plan is to expand to 18 more countries over the next few years and to implement industry-changing innovations.
Because we believe that it is the most efficient way to grow and to create a community around our product. We have already successfuly entered 6 new markets and we strongly believe that we can not only continue our efforts but, with the help of an ICO, we can expand exponentially and more agressively. We have concrete expansion plans and our end goal is to expand to at least 18 countries in the next few years. It is an established real-world business that invites the crypto crowd to take part in its success.
"There will be three parties that will use tokens on the platform: 1) restaurants 2) couriers 3) clients. Each party will need to buy Foodout tokens (FOOD) for the use of multiple utilities and benefits on the Foodout platform. The more token is used on the platform, the more tokens will be burned, the scarcer the token will be. Also, the bigger the platform gets, the higher the demand for the token will be. Main benefits for the token are: 1. FOOD token as a discount ticket on the Foodout Platform. 2. Refer-a-friend program, rewarding Introducers with FOOD tokens. 3. “Foodout Prime” Program. Equivelent to Amazon Prime program. For additional benefits and perks for Foodout users. 4. For restaurants. Foodout will provide restaurants' perks that are only accessible with the use of FOOD. These featured functions will include Google-like listings. Restaurants pay in tokens to be listed higher on the platform. 5. For couriers. Uber-like agreements and payouts in Tokens. "
We have clear plans and teams ready to expand to new countries. We have a proven track record of already successfully expanding into 6 countries. 2018: 3 new countries. Concrete plans and teams are ready to launch in Russia, Poland and Kazakhstan. 2019: 4 new countries. Executing planned expansion to the Scandinavian region - Finland, Norway, Sweden and Denmark. 2020: 11 new countries. Continued expansion to Europe. With expansion to Turkey, Czech Republic, Hungary and Romania. 2021: 15 new countries. Further expansion to Brazil, South Africa, Germany and France. By 2022: 18 new countries. Becoming leader in the UK, Slovakia and Croatia. Please see our Roadmap on the website or in the Whitepaper for more details."
Foodout has an amazing business model, which can be viewed as a mix between Uber (commission fee) and Google (listing and advertising services). Foodout is profitable on every order in all of the countries and has 5 main revenue sources: 1) Restaurant commission fee Foodout charges 30% commission fee on orders from restaurants for delivery, tech platform and support. For example, if a family orders a dinner for 30 USD, the restaurant makes the food and we deliver it. The restaurant gets to keep 70% of the total bill and we take 30% (10 USD); therefore, both parties profit. 2) Delivery fee from customer Depending on the market, we charge customers a 2 to 5 USD delivery fee. This is low enough to still encourage people to order but also guarantees an additional stream for us. In 2017 alone, this part of the profit stream netted the company an additional 12 million dollars through 5 million deliveries with a minimum of 2 euros (2.39 USD) per delivery. 3) Listing fees (Similar to Google Search Adwords) Just like Google Search Adwords, Foodout charges restaurants to have their business listed higher on the results page that the customer sees when they search for restaurants closest to their house. If a restaurant wants to be seen more often and thus receive more orders, they can achieve this by paying an extra fee. This has become an extremely profitable revenue stream. 4) Premium advertising services. For an extra fee, we offer restaurants additional promotion through our marketing channels. They can achieve higher exposure by choosing one or more of the mediums we offer, such as promotion emails, social media posts, banner ads and more. 5) 3rd party ad services. Foodout receives added revenue from additional 3rd party ad services like Google AdSense.
Burning (Buyback) Model. We will destroy 50% of the tokens earned from our service fees. This “buyback and burn” system will help Foodout decrease the total supply of tokens, and thus the number of tokens available on the market will decrease. The more the service is used, the more tokens will be destroyed. Also the more the service is used the higher demand for the tokens will be. So it's a two way positive cycle of appreciation. This is a visionaries' token — for the long-term. The longer you can hold, the greater potential value distribution you will get. Now, instead of those tokens sitting dormant and taking in value via dividends, they are creating an incentive for weak hands to sell. Their dormancy will ramp up the price, as there will be a continuous buyer —Foodout, but relatively few sellers. After a few major rounds of burning the tokens, it's possible that long-term holders will be the only ones left, creating a major run-up in the price.
"Yes. As a further show of transparency and long-term commitment, we will lock up the tokens held by Foodout Group founders and team. The token lock period is 3 years. During the lock up period, no one can sell these tokens. Due to the growing trend of ICOs that seem to have only been a tool for the founders to put some more cash in their pockets, we have decided that this is a crucial gesture of serious commitment to the project. We know that we are committed, but this seems like the most straightforward way to prove it to our investors as well. Lock Up Process: 1) We will prepare a lock up wallet, open source smart contract which is now being developed, for founders’ tokens. 2) We will announce URL of Etherscan to be confirmed after the wallet is deployed"
Foodout is incorporated in Switzerland. The Foodout team is international, our team members and advisers are located all over the world. We currently have 6 offices in 6 countries and +200 smartest people working in IT, Marketing, Customer Service & Logistics.
● Crowdsale will start on January 18, 2018 and will end on February 19, 2018 or whenever the hard cap is reached. ● Softcap will be equivalent to 5M USD. ● Token Creation has a hard cap: upon achieving this cap, token creation will stop and no further contributions will be accepted. The hard cap amount is 25M USD. ● If the Soft Cap is reached before the end of 31 (thirty one) days, additional contributions will be accepted for 120 hours in case some contributors missed the very short window for FOOD creation.
Tokens that are not sold during the Crowdsale will be burned automatically by the smart contract.
There will be three parties that will use tokens on the platform: 1) restaurants 2) couriers 3) clients. Each party will need to buy Foodout tokens (FOOD) for the use of multiple utilities and benefits on the Foodout platform. The more token is used on the platform, the more tokens will be burned, the scarcer the token will be. Also, the bigger the platform gets, the higher the demand for the token will be. Main benefits for the token are: 1. FOOD token as a discount ticket on the Foodout Platform. 2. Refer-a-friend program, rewarding Introducers with FOOD tokens. 3. “Foodout Prime” Program. Equivelent to Amazon Prime program. For additional benefits and perks for Foodout users. 4. For restaurants. Foodout will provide restaurants' perks that are only accessible with the use of FOOD. These featured functions will include Google-like listings. Restaurants pay in tokens to be listed higher on the platform. 5. For couriers. Uber-like agreements and payouts in Tokens.
No, Foodout Token is not a security token. It's an utility token. Additionally, Security tokens are not accepted by exchanges and will face a lot of problems from regulators, so we and our legal advisors are doing everything on our part to keep compliant.
● 1st price batch until soft cap is reached is with a 15% bonus - 1 FOOD TOKEN = 0.01 USD + 15 % bonus. ● 2nd price batch after softcap is reached: 1 FOOD TOKEN = 0.01 USD
Although the Foodout ICO event will be open to the general public, individuals are to ensure they are eligible to participate in this in accordance to the legal jurisdiction they reside under.
We are in talks with all the major exchanges. Our token is fully compatible with regulators. Thus making it possible for it to be listed on exchanges.
The accepted currencies for payments are Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC) and USD (With Credit Card and Wire Transfer).

Offering terms

Timing

  • Start date: To be Announced
  • End date: To be Announced

Offering size

  • 2.499.990.000 FOOD tokens to be sold
  • 60550 ETH (-$25.00M USD)

Pricing

  • 1 FOOD = 0.00034 ETH
  • 1 FOOD = $0.01
  • 1 ETH = 30 000 FDT

Secure offer

  • ICO funds held in Escrow
  • Multi-signature wallet
  • CTX tokens of Founders are non-transferable

As Seen On

Foodout Team (3 year token lock)

As a further show of transparency and long-term commitment Foodout Group will lock their tokens for 3 years. We are not here for the short-term gains, but to build a global food delivery company.

Jonas Karosas
Co-Founder / Board Member
Co-Founder of Foodout. In 3 years built Foodout from idea to leader in 6 countries. Partner at The Goldfish Fund. Board Member at CILI (largest restaurant chain in the Baltics) & Board Observer at Pigu Group (fastest growing e-commerce site in CES/CIS region). +8 years of experience in e-commerce, apps, startups and venture capital. Jonas's extensive background and experience in tech and restaurant industries allows him to excel in business. He is diligent and attuned to the latest innovations in the industry.
Tadas Cekavicius
Foodout Group CEO
Tadas is a multi-talented executive, who adapts quickly to new challenges and brings great value to Foodout's table. Before joining Foodout, Tadas was CEO at 3 high-growth companies and recently was General Manager for "Taxify", which recently raised 10M USD from DIDI, biggest ride hailing app in China and Asia.
Evgeny Tikhomirov
Russia General Manager
The man behind expansion to Russia. Evgenyi is a natural at business execution and technology. Before Foodout Russia, Evgenyi was mastermind COO at eBay Russia, chief commercial director at Yandex (the Google of Russia) and Chief Commercial Officer at OZON.RU (the Amazon of Russia). So pretty much Evgenyi was a top dog in top 3 companies in Russia. Evgeny has a clear plan to build a billion dollar Foodout in Russia and beyond.
Erfan Hesam
Poland General Manager
He is our star on the ground in Poland. A true entrepreneur at heart and an experienced executive. He is the founder of several companies: Kooorier.com (on demand delivery service in PL), SEMfleet (equipment management and marketplace for logistics equipment, used by Norway’s largest logistics company and IKEA), Simplematics (hardware development for the logistics industry such as tire-pressure sensors and modems). Most recently, Erfan has founded Woopit.com, which is the company that Foodout will acquire in order to move into the Polish market.
Mykhailo Daniuk
Chief Technology Officer
Mykhailo is a star at developing a company’s technological backbone. Growing our company through the use of technological resources. With plenty of experience in his field, he is able to provide not only tech work, but, most importantly, technical leadership.
Ievgen Kazantsev
CEO at CIS Region
Mastermind of CIS region. When we say we have gathered a strong team - we mean it. Ievgen brings to the table unique knowledge of the Ukrainian, Belarus and Russian food industry. Huge market, Cyrillic alphabet - he knows how it works and how to scale it.
Ali Reza Sadeghian
Foodout Iran GM
Incredible talent in international business, marketing, finance, and production optimization. Co-Founder and Chairman of the Iranian Modern Business Co., which is the owner of NetBarg.com (the first & the biggest Iranian group-buying website) and Tik8.com (online Directory for event tickets), Chilivery.com (Iran's fastest growing online food ordering venture), Saremiz.ir (corporate food ordering system)
Tanel Ader
Estonia GM
Key to Foodout’s success has been selecting people in respective markets, who know the business and who have proved themselves in it. Tanel is no exception, as he has steered three food delivery businesses to success.
Eugenia Obrazova
Belarus GM
We could not imagine anyone better to lead Foodout in Belarus than Eugenia. Competent, knowledgeable and a fast learner, she has helped Foodout become the No.1 food delivery app in her country.
Lauris Kokins
Latvia GM
Having made his career in the food industry, Lauris knows the ins and outs of it. Be it company's strategic management, development, staff management, internal quality system maintenance, work with suppliers, technical designing and opening - he is the pro to talk to.
Eugenijus Toleikis
Head of Growth and Marketing
The man behind painstakingly detailed and successful expansion plans. His magic at Foodout: preparing a winning digital marketing strategy and managing marketing budgets. Overseeing IT, digital marketing teams, country managers’ marketing efforts. Facilitating traffic, users, loyal users, and basket growth to ensure revenue growth. Analyzing customer data, to drive insights and provide proposals for product development, pricing and marketing actions. Eugenijus also always keeps an eye out for competitors.
Valdas Vėgėlė
Chief Financial Officer
Vital strategic partner to Foodout’s CEO. We at Foodout never saw the CFO’s role as merely encompassing traditional financial skills. What we were looking for, was someone with a strategic mind and market-facing responsibilities.Valdas brought this and more to the table: analyzing Foodout’s financial strengths and weaknesses, pro-active business planning and process changes.
Justin Kundrot
Head of Search Engine Optimization(SEO)
SEO guru, who thinks creatively, strategically and identifies and resolves problems like a real pro Justin is key to helping Foodout grow. He optimizes our Web or mobile products for efficient visibility and experience in the organic search. Google Analytics certified, which is one of the reasons why his solutions always rely on long-term results, based on actual data analysis and coherent testing at full scale. The white hat suits him perfectly, therefore Justin is always happy to ensure full compliance with Google guidelines and best practices.
Eglė Gružauskienė
Head of Product
Having started her career as a marketing expert Eglė knows the ins and outs of product vision, marketing and development. It would not be too bold to say that she has been invaluable in building a strong product that has sustainable value in terms of revenue and profits for Foodout. She is an expert at guiding a product from an idea in its infancy, into actionable concepts, strict timelines, financial and marketing planning and overall triumphant execution.
Vaiva Budinaite
Head of Logistics
Food delivery business demands a master handler of logistics and Vaiva is exactly that. She has a strong handle on the whole order cycle - precisely why Foodout is revered for processes that run smoothly and uneventfully for the client. Vaiva is also irreplaceable in allocating and managing staff resources according to the changing needs.
Rasa Andriuškevičienė
Head of Commerce
Having earned her stripes at the most popular Telecom operator Tele2, Rasa is now Foodout’s strongest asset when it comes to B2B relations. She is the one who screens the hottest restaurants on the market and attracts them to join the Foodout platform. Rasa also has her hand on the pulse of all market changes and developments, ensuring that Foodout is always in the forefront.
+180 additional people in IT, Marketing, Customer Service & Logistics in 6 offices in 6 countries.

Board Members and Partners

Those, who invest their knowledge and time in Foodout’s success.

Tomas Martunas
Chairman of Foodout Group. Managing Partner of Goldfishfund
Experienced early stage investor. Portfolio: Pigu group, Foodout Group, SnapnSave, Cili Holdings, Pawame, Taxi Pocket etc. Angel investor in Saleseyes.co.uk, ChattyPanda, Yogamin, SitYea. Spectacular entrepreneurial & operational experience. Co-founder of Mobofree - No.1 Social marketplace in Nigeria. CEO, App Camp - No.1 App development company in the Baltics. Director of various Pan-Baltic departments at Swedbank AB.
Vladimir Kholyaznikov
Co-Founder and CEO of KupiVIP
Co-Founder and CEO of one the biggest Russia's e-commerce players KupiVIP.ru (250M USD annual turnover). Vladimir will be sharing his vast knowledge and experience of CIS and Russian markets trying to make Foodout another billion dollar company.
Ignas Mangevicius
Blockchain expert & Co-Founder of Edgeless
Blockchain expert, Co-Founder of Edgeless (+150M USD market cap), which had one of the most successful ICOs. Ignas is not just a another face in the advisors' list - he is actively involved in daily Foodout ICO activities.
Volodymyr Kryvko
Managing Partner & Board Member
Managing Partner at Chernovetskyi Investment Group, one of the biggest investment companies in Eastern Europe. Active adviser for DOC.ua and Member of the Board of Directors at companies such as Foodout Group, Zakaz.ua, Kidoz, Softcube and Kray Technologies. Prior to joining CIG, Volodymyr headed the Board of Directors of the Independent Insurance Company, and also managed the Pravex-Bank Security Service.

Our investors

Some of Europe’s most well-known and trusted Venture Capital firms have invested in us: Goldfish Fund and Chernovetskyi Group. Our investors come from a wide variety of backgrounds, but one common theme is their record of handpicking successful companies. They’ve given us the resources to build a long-term foundation for our company and we’re thrilled to have them with us on this journey.

Partners