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. …

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 …

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 …

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, …

Just Eat Takeaway Aims for Reset Button as Shares Trail Rivals

(Bloomberg) — After watching its share price plunge and investor pressure ratchet up over the past year, Europe’s Just Eat Takeaway.com NV needs to address concerns over its strategy at an investor day on Oct. 21. The Amsterdam-based business was removed from the FTSE 100 benchmark stock index last month, its share price trails rivals, …

Analysis-Eat or be eaten? Food delivery apps have knives out as pandemic boom fades

AMSTERDAM (Reuters) – The meal delivery market is expected to turn to a phase of consolidation in the coming months as players look to adjust operations after the explosive boom in demand served up to them during the COVID-19 pandemic. The industry, which includes the likes of Uber Eats, Just Eat Takeaway and Deliveroo, generally …

Slice Invests Additional $15M in Pizzeria Accelerator

Slice, the pickup and self-delivery provider for independent pizza restaurants, announced an additional $15 million infusion to its Slice Accelerate program that grants independent pizzerias with $15,000 in technology and services to grow their businesses. First started last year, this latest round is expected to bring another 1,000 restaurants into the company’s small business accelerator. …

DoorDash Said to Lead Round in Flink at $2.1 Billion Value

DoorDash Inc. is leading a fundraising round in Flink SE with a pre-money valuation for the Berlin-based grocery delivery startup of $2.1 billion, people familiar with the matter said.  Flink is raising several hundred million dollars in the round from DoorDash and existing investors, and is set to announce the results in the coming weeks, the people said, …