Bite Squad Delivers: Minneapolis Startup Acquired for $321M

Bite Squad, a Minneapolis-based food-delivery startup that has expanded across the country over the past several years, has been acquired by Waitr, another restaurant-delivery platform, for around $321 million in cash and stock, the companies announced Wednesday.

Lake Charles, Louisiana-based Waitr was founded in 2013, and has more than 7,700 restaurant partners in about 235 cities in the Southeastern United States. After Waitr’s acquisition of Bite Squad, the company will have access to approximately 86 markets in more than 500 cities in 22 states.

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