CEDAR RAPIDS, Iowa (KCRG) – In an effort to bring money back to local restaurants, Cedar Rapids businesses are collaborating to start an area-based food delivery app. The app is called Loco, it will serve as a locally-owned Doordash, with the goal of taking a smaller commission from restaurants and lowering delivery fees. According to …
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A potential combination of meal delivery companies Doordash and Deliveroo was reportedly discussed but rejected in May. Doordash approached Deliveroo about acquiring that company at that time, but talks between the two firms ended when they couldn’t agree on a valuation, Reuters reported Tuesday (June 25). There are no talks going on now, according to the report. The online food delivery …
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LONDON, June 25 (Reuters) – U.S. meal delivery group Doordash (DASH.O), opens new tab flagged an interest in a takeover of Britain’s Deliveroo (ROO.L), opens new tab last month, two people familiar with the matter told Reuters. San Francisco-based Doordash made the approach to Deliveroo, but talks ended after disagreement on valuation, said one of the people, speaking on …
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American Express is acquiring reservations provider Tock for $400 million as the credit card company looks to deepen its ties to the restaurant industry. Tock is currently owned by website builder Squarespace, which acquired the company for $400 million in 2021. The deal will give Amex another tool to offer restaurants while also expanding the number of …
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The pandemic and its aftermath continue to victimize local chains, even those with strong reputations and national notoriety. The latest is Melt Bar & Grilled, a grilled cheese concept founded in 2006 that operates four locations in Ohio. The company, which at one point was featured on both the Food Network and the Travel Channel, …
Continue reading “More small restaurant chains file for bankruptcy”
Uber Eats has eyes set on growth overseas, announcing last week that it’s scooping up Delivery Hero’s Foodpanda business in Taiwan for $950 million in cash. The move comes as Uber looks to expand delivery in the Asian-market region. The two companies have also entered an agreement for Uber to purchase $300 million in newly issued ordinary shares …
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Amazon now offers restaurant food delivery under a new Grubhub collaboration, wedged in with the site’s half-billion or so other products. And as yet another perk to Prime-paying customers, they’ll also pay zero for deliveries through a free Grubhub+ membership. The move embeds Grubhub’s platform (an Amazon.com- and Amazon Shopping-friendly version of it, anyway) directly into the website and app, …
Continue reading “Prime members just got free food delivery, but Amazon could get 18% of Grubhub”
Cartwheel, the leading enterprise delivery management platform, is pleased to announce the addition of new investment partners, board members, and industry advisors. This expansion solidifies Cartwheel’s position as the leading enterprise delivery management platform, and highlights the company’s momentum in revolutionizing restaurant delivery operations. Multiple long-term investment partners, including Chingona Ventures, Act One Ventures, and …
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Uber Technologies Inc. is buying Delivery Hero SE’s Foodpanda business in Taiwan for $950 million, shoring up its control of a key Asian market as it seeks to expand in the region. Uber, whose meal delivery business outperformed globally during the most recent quarter, aims to complete the all-cash deal by the first half of …
Continue reading “Uber to Buy Delivery Hero’s Taiwan Business for $950 Million”
Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand in Asia, specifically by strengthening its position in Taiwan. On the other hand, it also underscores Delivery Hero’s ongoing retreat from that same market: The sale is coming …
Continue reading “Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash”
