DoorDash Has All The Makings Of The “Next Amazon”

Amazon’s future looked bleak after the tech bubble burst earlier that year. The online shopping pioneer was hemorrhaging cash, forcing it to cut 15% of its workforce. Top fund managers cut Amazon from their portfolios. And over the following year, its stock price sank from $105 to $5. In 2000, Amazon was a small online store selling […]

DoorDash delivers 86% gain in stock market debut

DoorDash shares soared in its initial public offering Wednesday, capping a year of explosive growth for the food delivery company. What’s not yet clear is whether DoorDash can keep the momentum going even if delivery demand eases in a post-pandemic world. The San Francisco-based company raised $3.4 billion in the offering, making it the second […]

Lightspeed’s play for restaurants

Lightspeed, which provides POS technology for multiple industries, last week acquired Upserve, a restaurant technology company, for $430 million. Montreal-based Lightspeed already serves the restaurant market, but adding Upserve will help it grow its presence further. The Rhode Island-based company offers a suite of services including POS systems, loyalty programs and online and tableside ordering. […]

DoorDash: The Most Ridiculous IPO Of 2020

Is it a coincidence that DoorDash (DASH) filed for its IPO so soon after vaccines for COVID-19 were announced? I think DoorDash’s current investors and bankers recognize that the window of opportunity to IPO this terrible business closes quickly when the threat of COVID-driven lockdowns no longer drives growth in food delivery demand. With the latest S-1 […]

Spain’s Glovo Looks to Speed Up Delivery Commerce

Glovo stands out as a fairly unique approach to third-party delivery that combines a lot of unique operations from dark kitchens and warehouses to tightly packed pickup centers. At first blush, the company that operates in 22 countries looks a lot like a standard third-party delivery startup. It taps into 46,000 couriers to deliver all […]

DoorDash Shareholders Could See 816% Return from IPO

The expected DoorDash IPO is set for December 8, when the company hits the public markets. It filed a detailed prospectus (S-1) in mid-November (which you can read all about here). In short, the company reported $1.9 billion in revenue and a loss of $149 million in the last nine months. That’s more than double […]

DoorDash IPO Could Make CEO Tony Xu And Cofounders Billionaires

Food delivery app DoorDash is going public, and if all goes according to plan, its CEO, Tony Xu, and two other cofounders will all become billionaires. The 36-year-old Tony Xu is leading the delivery app’s push for an initial public offering likely before year-end that would boost his net worth to just over $1 billion […]

Grubhub: Justeats Bet On The Wrong Horse

Summary Grubhub stock will be moving towards $75.15 in H121 (from the current price of $74) as the merger with Justeats gets regulatory approval. The foodtech market in general is a “winner takes all market” with companies striving to gain >50% market share. Grubhub has been the biggest loser in the food-delivery space as Doordash […]

DoorDash seeks valuation of up to $32 billion in IPO, double what it was in June

Food delivery app DoorDash is looking to raise up to $2.8 billion in its IPO, which would value the company at $32 billion on a fully diluted basis, the company revealed in a new filing Monday. DoorDash plans to list 33 million shares at a price between $75 and $85. The company will list its […]

Your Fare Expands Capabilities with Two Acquisitions

Your Fare continues a busy year with two transformational acquisitions. The Austin-based order integration and logistics company acquired Pronto, an online ordering solution for restaurants. The acquisition comes on the tails of Your Fare purchasing Beyond4, a SMS and loyalty app. Both deals were announced last week. Your Fare founder and CEO Chris Monk said […]