Valuation Trading Multiples & Precedent Transactions: On-Demand Restaurant Delivery Platforms
Valuation benchmarks for On-Demand Restaurant Delivery Platforms. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - On-Demand Restaurant Delivery Platforms Market Context & Valuation Drivers
Companies in this trading comparable group operate scaled, two-sided marketplaces for on-demand restaurant delivery, aggregating consumer demand and coordinating last-mile logistics for local merchants. Revenue primarily comes from commissions/take rate, delivery and service fees, subscriptions, and advertising. They are grouped as public trading comparables due to similar unit economics, network effects, and monetization levers that drive valuation benchmarks such as growth, margins, and order frequency.
Typical capabilities include consumer mobile apps and web ordering; merchant onboarding, menu management, and integrated POS/order management; dynamic logistics and courier dispatch; white-label delivery for enterprise merchants; subscription programs with reduced fees; sponsored listings and performance advertising; payments, fraud prevention, and payouts; analytics, loyalty, and APIs enabling grocery/convenience expansion and cross-vertical use cases.
Primary customers include consumers seeking convenient meals, independent restaurants and enterprise chains, and increasingly grocery and convenience retailers using delivery. Key valuation drivers include Gross Order Value growth, take rate expansion, contribution margin and adjusted EBITDA progression, active users/merchants and order frequency, and cohort retention, which together indicate unit economics durability, marketplace liquidity, and operating leverage.
2. Valuation Analysis: Public Trading Comps & Multiples for On-Demand Restaurant Delivery Platforms companies
2.1 - Public Peer Groups & Median Valuation Multiples for On-Demand Restaurant Delivery Platforms sector
Comparable group 1: On-Demand Restaurant Delivery Platforms
Meituan
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of web-based shopping platform services, using technology to connect consumers and merchants, offering locally found consumer products and retail services like entertainment, dining, delivery, travel, and other activities in China.
- Key Products:
- Food Delivery: On-demand food delivery services from local restaurants
- Hotel & Travel Booking: Convenient booking options for hotels and travel services
- Entertainment: Booking and reservation services for entertainment activities
- Car-Hailing: Ride-hailing services for commuters
- Bike Sharing: Shared bike services for short-distance travel
Prosus
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of consumer internet products and services, investing and operating in technology sectors and markets with long-term growth potential across the globe. Focuses on backing local entrepreneurs to create valuable products for over two billion customers
- Key Products:
- Global Technology Investment: Investing and operating across technology sectors and markets with long-term growth potential
- Food Delivery Platform: Owns and operates food delivery services spanning more than 70 countries
- Venture Capital: Provides capital to high-growth tech companies and local entrepreneurs
- Consumer Internet Products: Offers various consumer internet products and services
- Innovation Governance: Enables investment into technology and innovation with robust governance