During the depths of the Covid pandemic, with restaurants around the country facing an existential crisis, DoorDash CEO Tony Xu had an unconventional proposal. He wanted to cut commissions. Chief Business Officer Keith Yandell worried that such a move would result in a massive hit to profits ahead of the company’s planned IPO. But Xu made a …
Category Archives: Capital
DoorDash and Uber Earnings Call Summary
LinkedIn: “I just listened to DoorDash’s Q2 2025 earnings call, and the day before I listened to the Uber‘s call. One thing I want to highlight – both companies keep emphasizing how small of a share of the market they have managed to capture to date and how huge the opportunity ahead still is. And if …
DoorDash Announces Proposed Private Offering of $2.0 Billion of Convertible Senior Notes
DoorDash, Inc. (NASDAQ: DASH) (“DoorDash”), a leading local commerce platform globally, today announced that it intends to offer and sell, subject to market conditions and other factors, $2.0 billion aggregate principal amount of convertible senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to …
Thoma Bravo to buy Olo in deal valuing restaurant tech firm at $2 billion
July 3 (Reuters) – Buyout firm Thoma Bravo has agreed to acquire Olo (OLO.N), opens new tab in an all-cash deal valuing the company at about $2 billion, the restaurant software provider said on Thursday, sending its shares up more than 13% in early trading. Olo shareholders will receive $10.25 per share in cash under the terms …
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Olo sells itself for $2B
Dive Brief: Dive Insight: Despite having a successful IPO, the chain has struggled in recent quarters, laying off 9% of its corporate staff in September to position the company for balanced growth. That was in addition to an 11% cut to its staff in June 2023. Tech companies have struggled on the stock market in the past few years. …
Giftify, Inc. Announces Strategic Acquisition of TakeOut7 to Expand Restaurant Technology and Digital Marketing Platform
Acquisition adds comprehensive restaurant ordering and AI-powered marketing solutions to Giftify’s digital commerce ecosystem Combined platform connects over 185,000 restaurants with enhanced technology suite for independent operators SCHAUMBURG, IL, June 05, 2025 (GLOBE NEWSWIRE) — Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and …
Giftify, Inc. acquired TakeOut7, Inc. for $0.58 million.
Giftify, Inc. (NasdaqCM:GIFT) acquired TakeOut7, Inc. for $0.58 million on June 5, 2025. The consideration consists of 0.35 million common equity of Giftify, Inc. Giftify, Inc. (NasdaqCM:GIFT) completed the acquisition of TakeOut7, Inc. on June 5, 2025. Giftify has a market cap of $52.51 million and an enterprise value of $59.32 million1. As of May 22, 2025, Giftify’s stock …
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Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations
DoorDash CEO Tony Xu: Deliveroo & SevenRooms deals make us a multi-product company on a global scale Doordash on Tuesday announced the $1.2 billion acquisition of restaurant booking platform SevenRooms and reported first-quarter revenue that missed expectations. Shares of Doordash fell 5% following the news. Here’s how the company did, based on LSEG expectations: Doordash said the all-cash acquisition of SevenRooms, a New …
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DoorDash to acquire Deliveroo for $3.9B
Four years after entering Europe through its $8 billion Wolt acquisition, DoorDash will add nine additional countries to its footprint with this deal. Dive Brief: Dive Insight: This deal will make DoorDash an international delivery powerhouse. Last year, DoorDash and Deliveroo had a combined gross order value of about $90 billion. Comparatively, Uber had about $75 …
New Grubhub Owner Wonder Raises Another $600 Million
Wonder doesn’t look like it’s slowing down anytime soon. The food hall startup just raised another $600 million, according to a LinkedIn post from CEO Marc Lore. The latest funding boosts Wonder’s valuation to over $7 billion. It follows a $700 million equity raise in March of last year and the company’s recent $650 million acquisition of Grubhub. …
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