Amazon lead a $575 million funding round in the UK-based food delivery company Deliveroo, continuing its efforts to diversify into the takeaway market. In a press releaseDeliveroo said it would use the money to expand its UK engineering team, expand its delivery reach, and continue to develop new products such as its delivery-only kitchens. Deliveroo currently …
Continue reading “Amazon targets Uber Eats with Deliveroo investment”
Online restaurant-order platform ChowNow announced this week it has closed a $21 million Series C funding round. The round included growth-equity firms 3L Capital and Catalyst Investors, and brings ChowNow’s total funding to $60 million. The ChowNow system powers the online ordering and delivery process for smaller, independent restaurants, either integrating with a restaurant’s own app or website …
Continue reading “ChowNow Scores $21M for Its Commission-Free Restaurant Order Platform”
Cloud kitchens are the big thing in food delivery, with ex-Uber CEO Travis Kalanick’s new business one contender in that space, with Asia, and particularly Southeast Asia, a major focus. Despite the newcomers, a more established startup from Singapore has raised a large bowl of cash to go after regional expansion. …It adopted a cloud kitchen model …
ChowNow, whose food-ordering platform makes it easier for local restaurants to accept online orders, has raised $21 million in a series C round of funding from private equity firms 3L Capital and Catalyst Investors. Founded in 2012, California-based ChowNow offers a white label platform that lets independent restaurants set up their own online food ordering …
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Houston billionaire Tilman Fertitta’s second blank-check company has raised $275 million to be used in a future business combination. Landcadia Holdings II Inc. priced its initial public offering of 27.5 million units at $10 each, according to a May 6 press release. The company will begin trading on the Nasdaq Capital Market under the ticker …
Continue reading “Billionaire Tilman Fertitta launches another blank-check co. with $275M IPO”
The US-based Postmates is undergoing massive expansion before its initial public offering by the end of this year. The popular food delivery service provider has announced that it has launched its services in nearly 1,000 new cities since December. …Currently, the company avails its services to 70 percent of U.S. households and delivers food from …
…Instead of actually going to restaurants themselves, more consumers are using meal delivery apps like Postmates and DoorDash. When customers do dine in, instead of calling for a reservation, they want the ease of apps like Resy and EZTable. The old power of the newspaper restaurant review is fading—now, adventurous eaters are finding new holes-in-the-wall on social media or sites …
Continue reading “Delivery startups and other unicorns are transforming restaurant tech”
Uber Eats is the largest food delivery service in the world outside of China, but it’s still unprofitable. The rideshare app Uber filed an updated prospectus with the Securities and Exchange Commission last week ahead of its highly anticipated IPO which seeks to raise roughly $10 billion. The document details the state of Uber’s current business, …
SoftBank Group Corp. is close to making a $1 billion investment in Latin American delivery app Rappi, according to people familiar with the matter. …Colombian startup Rappi was valued at more than $1 billion in its last fundraising round in September, in which it raised $220 million led by DST Global. It wasn’t immediately clear …
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…Shares of the restaurant delivery platform may also be seeing a bump after positive commentary on their partnership from Yum! Brands Inc., which the Louisville, Kentucky-based operator of KFC and Taco Bell reported in first-quarter earnings Wednesday. “We are excited about our partnership with GrubHub” Yum CEO Greg Creed said in a conference call, adding “We now have …
Continue reading “GrubHub Soars 10% as CEO Buys Nearly $1 Million in Shares”
