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The San Francisco company will use the funding
to expand beyond the college market. The smartphone app, which
is available on 85 U.S. college campuses, allows consumers to
order food from a shop or restaurant and pick the order up
without waiting in line.
Investors in the new funding round include Qualcomm Inc’s
venture capital division, DCM Ventures and Khosla Ventures.
Tapingo recently began offering delivery services and the
company aims to expand the number of businesses it works with.
Online food ordering and delivery is an increasingly crowded
market with companies such as GubHub Inc, Postmates and Caviar.
Established Internet companies such as Google Inc and Amazon.com
Inc also have same-day delivery services for groceries and other
goods.
(Reporting by Alexei Oreskovic; Editing by Grant McCool)
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