LinkedIn post: DoorDash reported a strong Q3 and the key points sounded very similar to the story told by Uber a couple of days ago (https://lnkd.in/dZvzPf2s). I read that some people think OpenAI will eat them all – I very much doubt that. 1/ What changed this quarterU.S. restaurants accelerated, MAUs and DashPass additions rose, …
Category Archives: Capital
DoorDash Acquires SevenRooms for $1.2 Billion in Bold Restaurant Tech Expansion
DoorDash announced it will acquire restaurant tech platform SevenRooms for $1.2 billion to expand its merchant tools and enhance its commerce platform. Multiple news sources confirmed the deal, quoting company statements. The acquisition coincided with DoorDash missing revenue expectations, making headlines across financial outlets and raising interest in its future DoorDash Acquires SevenRooms for $1.2 …
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Uber to buy controlling stake in Turkey’s Trendyol GO food delivery business for $700 million
May 6 (Reuters) – Uber (UBER.N), opens new tab said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business. The stake purchase from Turkish e-commerce firm Trendyol …
Marc Lore’s Wonder Raises Another $600 Million
Food hall startup Wonder, which just four months ago completed a $650 million deal for Grubhub, has raised another $600 million in funding, according to Bloomberg. This latest round for CEO Marc Lore’s company lifts it to a valuation north of $7 billion. Lore in a LinkedIn post Tuesday said there was participation from major existing shareholders, led by …
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Olo Q1 2025 slides: revenue jumps 21%, operating margin nearly doubles
Introduction & Market Context Olo Inc. (NYSE:OLO), a leading restaurant technology provider, released its first quarter 2025 earnings presentation on May 8, 2025, showcasing strong revenue growth and significant margin expansion. The company continues to capitalize on the growing digital transformation in the restaurant industry, operating within the $1.5 trillion+ US food-away-from-home market where digital ordering …
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Olo’s sale to investment firm Thoma Bravo is complete
Online ordering provider Olo has officially been sold to big investment firm Thoma Bravo. Olo shareholders on Tuesday approved the $2 billion, all-cash deal, which equates to $10.25 per share of common Olo stock. That was a 65% premium on the company’s share price as of April 30, before news emerged that it was considering …
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Layoffs hit Olo after acquisition by private-equity firm
The restaurant tech supplier said the changes were made as part of its transition to new ownership under Thoma Bravo. It was not clear how many jobs were cut. Big tech supplier Olo laid off staff Tuesday as it transitions to new ownership. The scope of the job cuts was unclear, though social media posts …
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Why Giftify Could Be the Next Olo in the Restaurant Tech Consolidation Boom
Giftify [NASDAQ: GIFT] is building a vertically integrated restaurant tech stack with new acquisitions (TakeOut7, Platr) and its Restaurant Management Center (RMC) taking center stage. This is positioning the company to follow Olo’s [NYSE: OLO] recent $2 billion premium valuation as restaurants seeking all-in-one solutions drive a massive consolidation push in the restaurant tech space. …
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Olo Rejects Higher Offer, Sticking with Thoma Bravo Deal Amid Mixed Analyst Views
Olo Inc. has rejected a higher unsolicited purchase offer and will proceed with its earlier agreement with Thoma Bravo for $10.25 per share. Analysts’ average price target suggests a slight upside from the current market price, but the GF Value indicates a potential downside based on historical and future performance estimates.Olo Inc. (NYSE: OLO), a …
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dlivrd Rebrands Core Tech Platform as Expedite, Launches New Parent Company
Big news from the team at dlivrd, the last-mile delivery tech and logistics provider, announced the formation of its new parent company, dlivrd Technologies Inc. Plus rebranded its core technology platform as Expedite. dlivrd serves as a white-label, last-mile delivery partner for restaurants, with a focus on catering. This latest move sets its sights beyond restaurants. …
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