How Chowly’s Koala buy will broaden online ordering access for SMBs

With Koala’s enterprise-level digital ordering capabilities, Chowly will be able to offer a user-facing tool for its small and midsize restaurant clients. Prior to buying Koala, the company’s first acquisition, Chowly’s management knew it wasn’t interested in a buyout for consolidation alone, Chowly CEO Sterling Douglass said. Finding an acquisition target with a complimentary culture and …

Chowly Announces Acquisition of Koala

CHICAGO–(BUSINESS WIRE)–Chowly, a restaurant technology company that integrates third-party delivery marketplaces with point-of-sale (POS) systems, today announced its acquisition of Koala, a guest experience platform that empowers established and emerging restaurant brands to elevate their digital ordering experience across web, app and kiosk to drive immediate results. The combined business will represent over 16,000 restaurant locations …

Just Eat Takeaway shares rise as ING predicts 2023 profit jump

Just Eat Takeaway (AS:TKWY) shares climbed towards the top of the pan-European Stoxx 600 on Monday after analysts at ING said they expect the Amsterdam-listed food delivery service to post strong returns in 2023. In a note to clients, the analysts predicted that Just Eat may report “quite significant profit” this year, citing the impact …

Olo: Strong Value Proposition But Upside Is Limited

Summary Thesis highlight Olo (NYSE:OLO) has a limited upside of ~10%. Olo is a platform that helps restaurants improve their online ordering and delivery operations and better connect with their customers. The US restaurant industry, worth around $700 billion, is experiencing rapid change due to the COVID-19 pandemic and the increasing demand for on-demand commerce solutions. …

Olo: High Switching Cost Business With 50%+ Margin Of Safety

Summary Investment Thesis From the peak of the 2021-2022 market sell-off, Olo Inc. (NYSE:OLO) lost about 85% of its market capitalisation, experiencing significant multiple contraction along the way. I believe that Olo has robust competitive advantages such as high switching costs and strong network effects, which the company is leveraging in order to capture market share …

Wage Theft By EatStreet

https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/1409189608&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true EatStreet is a local food delivery service.  How did this company begin? Matt Howard and Alex Wyler, along with a third cofounder, met in their freshman year at the UW-Madison and launched its first food delivery website. Seven years later, in 2018, EatStreet had raised over 37 million dollars. Launched in 250 markets and …

Madison food delivery giant EatStreet predicts insolvency, foreclosure

In a federal court filing last Friday, Madison-based food delivery company EatStreet said it can no longer pay $1.2 million to settle a lawsuit brought by workers, and is likely headed for insolvency and foreclosure. Workers’ attorneys question that claim.  The court filing marks the latest development in a years-long class action lawsuit brought by …

Aggregators’ Global Growth Compromised by Rising Inflation and Competition

  |    Food delivery services around the world are pulling out of regions and cutting staff. These moves come as global inflation and increased competition make the already challenging economics of the aggregator model even more difficult despite ongoing demand for convenient meal options. The latest occurrence in this segment includes word from Just Eat Takeaway.com subsidiary Menulog, which …