Investors call the app “disruptive”; longtime residents call it “the block”
A New York startup has raised four million dollars in seed funding for an app promising to deliver bagels “an average of six minutes faster” than walking to the bagel shop yourself, a pitch investors have called “disruptive” and longtime residents have called “the exact distance of one city block.”
The Pitch Deck
“We’re removing friction from the bagel experience,” said founder Trevor Lindqvist, who confirmed the nearest bagel shop to his own apartment is, in fact, visible from his window. “Why walk when technology can walk for you?”
The app reportedly uses a fleet of e-bike couriers to transport bagels distances that several early users have admitted they could cover on foot “in about the time it takes to open the app.”
Investor Confidence
Backers say they are drawn to the “massive addressable market” of New Yorkers who would rather not leave their apartment, a demographic Lindqvist describes, proudly, as “basically everyone.”
The London Prat‘s tech desk covers Britain’s own delivery-app boom, including one startup that briefly delivered a single croissant to a customer forty feet from the bakery.
The City reports gig delivery workers remain concerned about pay structures even as such apps continue attracting investment.
Lindqvist says the company plans to expand into coffee delivery next, targeting distances he describes as “similarly walkable, but why bother.”
What Comes Next
A Series B round is reportedly already in discussion, with investors reportedly most excited about the company’s long-term plans to deliver literally anything within a five-block radius.
Lindqvist says he personally still walks to the bagel shop most mornings. “I believe in the product,” he explained. “I just don’t always believe in walking.”
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SOURCE: https://bohiney.com