Why the Big Restaurant Delivery Apps Will Need the Courts to Save Their Business

At a Goldman Sachs conference last month, Uber CEO Dara Khosrowshahi addressed legislation capping the commissions restaurants have had to pay Uber (Postmates’ parent company) and other large delivery companies in recent months. Short-term regulation is unpredictable, but “long-term regulation is smart,” he said, because it follows common sense. Uber and other restaurant delivery companies like DoorDash are …

Yummy bags $18M as its expands delivery app across Latin America

Three months after announcing a $4 million seed round, Venezuelan delivery super app Yummy is back with an $18 million Series A round that will accelerate the company’s proposed expansion throughout Latin America. Anthos Capital led the latest round, with additional participation from JAM Fund, whose founder Justin Mateen was an investor in the seed round. …

Chicago Pizzeria Forced To Close Due To Labor Shortage

The country’s labor shortage is hitting home a little bit more for one Chicago-based pizzeria.  This past weekend, the restaurant couldn’t open because it didn’t have enough staff, according to a new report from Insider. It cost the owner about $5,000 in revenue, the report says.  Dave Bonomi, the owner of Coalfire Pizza in West Town, …

ChowNow Names IPO Investment Banker As CFO

Los Angeles-based ChowNow, which develops software to manage online ordering and marketing for restaurants, has named a new CFO. According to ChowNow, it has appointed Andre Mancl to the position of Chief Financial Officer. Mancl was previously an investment banker, having previously been at Credit Suisse, where he served as the Global co-head of Internet Investment …

Yelp tool helps restaurants manage operations amid off-premise surge

Dive Brief: Yelp on Wednesday announced a new tool, called Yelp Guest Manager, that streamlines its front-of-house products, including Waitlist, Reservations, Kiosk, Takeout and Table Management into one suite. According to an email sent to Restaurant Dive, Guest Manager will help restaurants manage operations as off-premise dining grows in importance.  Yelp Guest Manager integrates with restaurant …

Waitr’s stock rockets on heavy volume after Morgan Stanley discloses more than 10% stake

Shares of Waitr Holdings Inc.WTRH,+58.45%shot up 45.4% on massive volume in afternoon trading Wednesday, to bounce off a 19-month closing low in the previous session, after Morgan Stanley disclosed a 10.3% stake in the company. Trading volume ballooned to 155.9 million shares, enough to make the online ordering technology platform company’s stock the most actively …

CHILI’S IS RAISING PRICES TO COMBAT RISING LABOR, FOOD COSTS

Chili’s and Maggiano’s parent Brinker International is raising prices by 3% to 3.5% to combat the one-two punch of higher labor and food costs. The owner of more than 1,600 casual-dining restaurants will institute the hikes for fiscal year 2022 in hopes of improving operating margins that fell by more than a percentage point in …

OLO TO ACQUIRE DATA PLATFORM WISELY FOR $187M

Online ordering provider Olo is making its first acquisition. The company said Thursday it will buy Wisely, a maker of customer relationship management software, for $187 million in cash and stock.  Olo said adding Wisely will help restaurants better use data to understand and market to their guests. Wisely’s technology includes automated marketing tools; reservations, waitlist …

Olo to acquire restaurant customer intelligence platform provider Wisely

An on-demand commerce platform for the restaurant industry, Olo, has entered into a definitive agreement to acquire Wisely. Based in Ann Arbor, Michigan, US, Wisely provides a customer intelligence platform for restaurants that enables them to personalise the guest experience. Wisely co-founder and CEO Mike Vichich said: “By joining with Olo, restaurant brands will have …

Just Eat CEO says Grubhub will be part of US delivery consolidation

AMSTERDAM (Reuters) – The chief executive of Just Eat Takeaway.com said on Thursday he expects newly acquired Grubhub to eventually be part of a consolidation in the U.S. delivery market, but signalled he is not currently open to selling the business. “Over time there will inevitably be consolidation in the wider U.S. on-demand delivery market, …