“An Absolute Car Crash” – Deliveroo Shares Tumble 31% In London IPO

In what some might take to be the latest sign of exhaustion in global equity markets, shares of Deliveroo tumbled 31% in their market debut Wednesday after pricing at the lower end of their range. Despite pricing near the bottom of its range, Deliveroo’s opening valuation of about £7.6 billion ($10.5 billion) was the highest in …

goPuff’s $1.15B raise is a big deal. Here’s what VCs and founders say it means for Philly

When on-demand delivery company goPuff dropped the news of its $1.15 billion investment this week, it seemed at the same time astounding and yet not: It’s sort of what we’ve come to expect, as the billion-dollar investment is the third massive raise for the company in less than a year and a half. It comes only months after …

Softbank-Backed Startup GoPuff Raises $1.1 Billion To Compete In Delivery Wars

Softbank-backed digital convenience store GoPuff has raised $1.15 billion in capital as it races to compete in the red-hot delivery wars against larger rivals like DoorDash, Postmates and Instacart. The latest round, announced on Tuesday, more than doubles its valuation to $8.9 billion, up from $3.9 billion just last October. It brings the eight-year-old company’s total …

Waitr buys MS Coast restaurant delivery service. What’s next includes a new name

What started three years ago as one of the first restaurant-to-home delivery services in South Mississippi boomed during the pandemic and now is Bite Squad. Anthony Depreo said he founded Tiki Delivery in Diamondhead in May 2018 as “a one man show,” contracting with three restaurants in Bay St. Louis for delivery service. In December …

Can Olo Eat the Restaurant Market?

Olo (NYSE:OLO), whose name is short for online ordering, went public last week, quickly topping a $4 billion valuation. The platform is designed to help restaurants customize and manage their entire digital ordering process. But despite seeing massive adoption due to the pandemic, Olo still appears to be in its infancy. Let’s take a look at why its …

COVID PULLED OLO INTO THE FUTURE, AND IT WANTS TO BRING RESTAURANTS ALONG

More than 15 years after its founding, online-ordering company Olo ticked off a major milestone on Wednesday when it began trading shares on the public market. It is just the latest in a line of milestones for the company and its founder and CEO, Noah Glass. On Wednesday afternoon, with some prodding from a Restaurant Business reporter, he …

What Olo’s $450M IPO means for the restaurant industry

Scott Kessler was first struck by Olo’s potential when his daughter had a craving for Chick-fil-A during the pandemic. He and his wife wanted something else for dinner so they ended up making online orders at Chipotle and Shake Shack as well.  When he went to pick up the meals, things didn’t go smoothly. Chipotle …

Olo CEO On The Path To IPO And Building A Restaurant Network

Few companies would look at going public as a time to shake things up. But for restaurant Software-as-a-Service (SaaS) company Olo, that’s exactly what the next order of business looks like. Even after its first day on the New York Stock Exchange (NYSE) wrapped Wednesday (March 17), as the company watched its initial share price go from $25 to a …

Olo tops $450M IPO

Olo Inc., a food-ordering software company, has raised $450 million in an initial public offering of its Class A common stock. The New York-based company, whose board members include Shake Shack Inc. founder Danny Meyer, sold 18 million shares for $25 each, a range it had elevated earlier from $16 to $18, according to a reportin …

Restaurant tech firm Olo shares soar 39% in IPO as online ordering surges

Olo shares soared as much as 39% in afternoon trading during its public market debut. The company makes software for restaurant online ordering, and its clients include Shake Shack and Chili’s. CEO Noah Glass said that going public will help raise the profile of the company, which could help its future growth. Olo, which makes …