R
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
Valuation & funding
Ritual funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
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.
Hiring
Open positions at Ritual
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Comparisons
Ritual compared with similar companies
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Capital deployed
Ritual investments and acquisitions
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Talent graph
Ritual's talent
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Global footprint
Where Ritual has talent and traffic
team presence
In the news
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Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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