The base salary of Waitr’s new CEO is more than double that of the company’s former CEO and founder but overall executive compensation will be lower when stock awards are included. Adam Price, who was promoted to CEO from chief operations officer at the Louisiana-based food delivery business, will earn $400,000 annual salary, with potential …
Category Archives: Capital
Food Delivery Apps Are In A Race For Orders, Putting Uber And Grubhub Stock On Defensive
A flood of capital is dishing up billions of dollars to the ravenous crowd of food delivery apps, a hotly competitive group dominated by four upstart companies that include Grubhub (GRUB) and Uber (UBER). But the extra portions aren’t giving Uber or Grubhub stock a lock on the market. Grubhub and Uber Eats, as well as privately held DoorDash …
Postmates to drop IPO filing next month
Postmates plans to make its IPO paperwork public in September, TechCrunch has learned. Despite previous reports indicating the on-demand delivery company is seeking an M&A exit, sources close to the matter say Postmates is on track to go complete an initial public offering this year. …Postmates has raised $681 million to date with its latest round coming in earlier …
DoorDash Taps Banks for $400 Million Ahead of an IPO
DoorDash, the app-based food-delivery service, is in talks with banks about arranging a credit facility of about $400 million ahead of a possible initial public offering, according to people with knowledge of the matter. The San Francisco-based company may seek to offer shares as early as next year, said the people, who asked not to …
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Report: DoorDash In Talks to Secure $400M Ahead of IPO
DoorDash is in talks with banks to open a line of credit for $400 million ahead of a possible IPO, according to an article published on Bloomberg late Thursday. As the article notes, securing a line of credit from Wall Street is common before an IPO. Sources for the Bloomberg article, who were not identified because the …
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Waitr founder Chris Meaux out as CEO; company to consider merger, sale, other options
Chris Meaux is out as the CEO of Waitr, the popular restaurant-delivery company he founded in 2013, and the company’s chief operations officer is in. The company said as part of its earnings report Thursday that Adam Price will lead the publicly traded company, with Meaux staying on as chairman of the board and focusing …
Aramark buys campus food delivery service Good Uncle
Foodservice company Aramark acquired Good Uncle, an app-based, on-demand food delivery service that brings restaurant-quality meals to pickup points on college campuses, according to a press release. Good Uncle, which launched in 2016, uses centralized production and a fleet of specifically equipped vehicles to deliver meals to popular locations on and off campus. Designated pickup points …
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Glovo Said to Have Held Early-Stage Talks With Uber, Deliveroo
Spanish food delivery startup Glovo has drawn preliminary interest from Uber Technologies Inc. and Deliveroo in recent months as the industry undergoes a wave of consolidation, people familiar with the matter said. Talks between the Barcelona-based company and potential partners have been on and off and may not lead to a transaction, the people said, asking not …
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DoorDash Buys a Rival, Caviar, for $410 Million
… DoorDash is buying Caviar from Square, the payments company, which has owned the service since 2014. Caviar operates in around 15 cities and primarily offers food from upscale restaurants in urban areas. …DoorDash has embarked on a string of fund-raising. In May, the company raised $600 million, lifting its valuation to $12.6 billion. The …
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Ordermark raises $18 million to help restaurants manage disparate delivery platforms
… Now, months after moving its headquarters to a 7,200-square-foot office in Culver City (while keeping a Denver office), Ordermark is gearing up for growth with a fresh capital infusion. The startup today revealed that it recently closed an $18 million series B funding round led by Foundry Group, with participation from previous investors TenOneTen …