CORRECTING and REPLACING Ritual Expands Corporate Program, Launches Ritual For Business in U.S.

Building on the Success of its Canadian Corporate Program, Ritual Brings Food Perks to U.S. and Helps Businesses Encourage Healthier Lunch Choices

CORRECTION...by Ritual

SAN FRANCISCO--()--Third paragraph, fourth sentence of release should read: We are also proud that Ritual for Business...(instead of We are also proud that Ritual for Work...).

The corrected release reads:

RITUAL EXPANDS CORPORATE PROGRAM, LAUNCHES RITUAL FOR BUSINESS IN U.S.

Building on the Success of its Canadian Corporate Program, Ritual Brings Food Perks to U.S. and Helps Businesses Encourage Healthier Lunch Choices

Order ahead app Ritual announced today the launch of Ritual for Business in the U.S., bringing wellness-focused, incentivized perks and sustainable food options to businesses of all sizes.

More than ever, businesses are looking for ways to attract and retain top talent and offer unique benefits to employees. Ritual’s corporate program enables businesses to offer meal programs to employees directly through their mobile app. Employers can choose the dollar value they want to have automatically deposited to an employee’s Ritual account and how often. They can also make these credits only available during a set window each day - therefore reducing costs and eliminating any food waste. Employers can also elect to only subsidize employees’ meals if they select healthy menu items from their app.

“We have received tremendous feedback from our Canadian corporate partners around our Ritual for Business program. Based on the results in the Canadian market, we are pleased to begin offering this to U.S. employers as well,” said Ray Reddy, Co-Founder and CEO of Ritual. “With Ritual for Business, we help companies compete for talent and encourage healthy eating, making a big difference in absenteeism and productivity. We are also proud that Ritual for Business organically brings employees together to share a meal and socialize away from their desks at lunch.”

As part of the corporate program, Ritual teamed up with an expert Registered Dietitian to offer a Wellness Menu. The Wellness Menu is integrated directly into the app and employers can opt to reward their employees with bonus Ritual points every time they order an item denoted by a green leaf in the app (something Ritual does for their own employees). These points can be redeemed for dollars toward future meals. Ritual for Business also includes an after-hours dinner program that completely eliminates the need for expense reimbursement, supports entry of custom billing and expense codes, and offers built-in auditing for employers looking to cater to today's teams that increasingly work on global, round-the-clock schedules.

“I think the reason Ritual is so successful for us is because it gives our staff the ability to order what they want, when they want, rather than have a set menu catered to the office,” said Liza Haddad, Global Creative Development Manager at Spotify. “We provide Ritual credits on Monday and our staff have the flexibility to place orders throughout the week, with overages charged to personal cards, and leftover funds returned to us.”

Here’s how Ritual for Business works:

1. Employers choose a lunch budget and schedule (eg. $10, 3x a week)

2. Ritual automatically issues credits to employees for use at lunch

3. Employees order lunch using credits

4. Any overage is charged to the employee’s credit card and any leftover credits expire, reducing costs to the employer

Whether a company chooses to eat as a team or provide the flexibility for individuals to eat lunch on their own schedules, companies simply set the budget, schedule the credits, and it’s all set. The program runs on autopilot and sends a single invoice for all orders, reducing overhead and administrative duties. Corporate programs are offered at no cost to employers as there are absolutely no fees associated, a guiding principle of Ritual’s across all of their programs. There are never any fees on orders, no mark-ups on menu items, no delivery fees and no administrative fees whatsoever.

Learn more about Ritual For Business at https://ritual.co/programs.

About Ritual

Order ahead app Ritual connects restaurants with customers to offer a simple, time-saving tool to place, pay for and pick-up lunch orders for themselves and their workplace teams. The 2017 New/Emerging Technology MAXI Gold Award winner works with more than 3,000 restaurants to serve customers in 10+ cities across North America, including Boston, Chicago, Houston, Los Angeles, Minneapolis, New York City, San Francisco, Washington, D.C., and its hometown of Toronto. Ritual was founded in 2014 and has raised $127.5M in venture funding, with headquarters in San Francisco and Toronto. Learn more at https://ritual.co/.

Contacts

Sutherlandgold for Ritual
Mally Fox, 646-779-0218
ritual@sutherlandgold.com

Contacts

Sutherlandgold for Ritual
Mally Fox, 646-779-0218
ritual@sutherlandgold.com