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Ritual

Food · Toronto, Canada · Founded 2014

Social food ordering application for office teams MoreLess

Ritual Technologies Inc. operates a social ordering application that facilitates mobile order and pay for takeout from local restaurants and coffee shops, primarily targeting office workers. Founded in 2014 by Ray Reddy, Larry Stinson, and Robert Kim, the Toronto-based company designed a platform to streamline the food ordering process, allowing users to order ahead and skip the line. The founders, with backgrounds in mobile technology and local commerce from companies like Google, aimed to digitize the real-world behavior of colleagues ordering and picking up food for each other.

The platform's core service centers on its mobile app, where users can browse menus, place orders, and pay before arriving at the establishment. A key feature is "Piggyback," which allows colleagues to add their orders to an existing one, creating a social, peer-to-peer delivery network within a workplace and saving users time. This model is designed to increase order volume for restaurant partners while providing a convenient, no-fee service for customers. Ritual's business model generates revenue by charging partner restaurants a commission fee of 10-15% on sales generated through the app. The company also offers "Ritual for Companies," a corporate program where employers can provide their teams with meal credits as a work perk, helping to encourage office attendance and team culture.

The company experienced significant growth, raising a total of $143 million CAD by 2019. However, the COVID-19 pandemic severely impacted its business, which was heavily reliant on office workers. This led to a major layoff of over half its staff in 2020 and the scaling back of operations in Europe. In response, the company developed Ritual ONE, a commission-free online ordering system that restaurants can integrate into their own websites, providing a white-label solution for takeout and delivery. As of early 2025, co-founders Ray Reddy and Larry Stinson, along with other key team members, transitioned to roles at Shopify, leaving the company to operate without its original founding team.

Keywords: social food ordering, mobile order and pay, restaurant pickup app, corporate meal programs, office lunch, peer-to-peer delivery, FoodTech, restaurant technology, order ahead, takeout app, workplace perks, Ritual Piggyback, Ray Reddy, commission-free online ordering, Ritual ONE, local food pickup, coffee shop ordering, employee meal credits, Toronto startup

Company overview

Ritual company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2014
Headquarters
Toronto, Canada
Employees
28
Open positions
None listed
Dealroom signal
64.3
Investment activity
1 companies · latest Jul 2021
Capital deployed
Preferred round
ACQUISITION
sectorAppsectorCoffeesectorDeliverysectorSocialindustryFoodsub industryFood Logistics & Delivery

Valuation & funding

Ritual funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Jan 2021 Garage Capital · Maple VC · DX Ventures
LATE VCOther financing Jun 2020 $22M $350M Undisclosed
SERIES COther financing Jun 2018 $70M $280M Georgian
SERIES BOther financing Sep 2017 $40M $161M Greylock Partners · Golden Venture Partners · Mantella Venture Partners · Insight Partners
SERIES BOther financing Sep 2017 $31M $126M Insight Partners
SEEDOther financing Jul 2015 Vast Ventures · Golden Ventures · Mistral Venture Partners · BrandProject
SEEDOther financing Jul 2014 Golden Venture Partners · Devon Galloway · Mistral Venture Partners · Mantella Venture Partners
Showing 7 recorded eventsUnlock the complete deal history →

Growth signals

Ritual website traffic

Latest recorded traffic for Ritual is 230K monthly website visits, up 15% over the last three months. Ritual's team declined 17.6% over the past year.

Latest monthly visits230K 3-month web change+15% 1-year team growth-17.6%
Monthly website visits107 observations · Jul 2017–Jul 2026
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Hiring

Open positions at Ritual

Current openings linked to this company in Dealroom.

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Comparisons

Ritual compared with similar companies

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Capital deployed

Ritual investments and acquisitions

Recent portfolio relationships for companies that also act as investors or acquirers.

Talent graph

Ritual's talent

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Team profiled 55 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

15 investors on Ritual's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 9 investors entered at this stage
Mistral Venture Partners
Mantella Venture Partners
Golden Venture Partners
Devon Galloway
BrandProject
Hedgewood
Wildcat Venture Partners
Vast Ventures
Golden Ventures
Series A 2 investors entered at this stage
Series B+ 4 investors entered at this stage
Georgian
Garage Capital
Maple VC
DX Ventures

Global footprint

Where Ritual has talent and traffic

Workforce by country
2 countries with
team presence
🇨🇦 Canada93.3%
🇺🇸 United States6.7%
2 countries shown

In the news

Latest news about Ritual

Recent press, funding announcements, and product moves mentioning Ritual — open to read from the original sources.

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Market sentiment

What the market is saying about Ritual

An AI-synthesized read of the highest-engagement posts about Ritual on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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