On-demand delivery service Postmates announced this morning that it has raised $300 million in additional funding led by Tiger Global Management. While the company’s press release doesn’t mention this, Fortune reports that the deal valued Postmates at $1.2 billion. Tiger’s Scott Schleifer is joining the board of directors. Postmates does say that it’s completing “millions” of deliveries every month and is profitable …
Continue reading “Postmates raises another $300M, reportedly valued at $1.2B”
Currently, with the fundraising in hand, Canter’s business has managed to sign up 500 restaurant brands including Sonic, Qdoba, and TGIFridays. The company has 35 people on staff and is looking to hire more. “We built a standalone independent online ordering fulfillment solution. Rather than integrating with the POS service we started by building a …
Foodsby, the provider of a lunch delivery service based out of Minneapolis, has raised a $13.5 million Series B led by Piper Jaffray Merchant Banking. Greycroft Partners, Corazon Capital and Rally Ventures also participated. With the new capital, Foodsby plans to expand to 15 to 25 new markets. The round brings Foodsby’s total raised to $21 million. …
Continue reading “Another food delivery startup, Foodsby, rakes in venture capital funding”
DoorDash Inc. on Thursday said it raised $250 million in a round of funding that values the prepared food-delivery startup at $4 billion, more than doubling its valuation for the second time in five months. more
(Bloomberg) — SoftBank Group Corp. is in talks to invest from $500 million to $750 million in Zume Inc., a startup that makes and delivers fresh pizzas with the help of robots, according to people familiar with the conversations. Zume owns a patent for delivery trucks capable of cooking food while it’s en route to customers. …
Eatigo, a Southeast Asia-based dining service that describes itself as an ‘anti-Groupon’ for restaurants, had a busy 2017 that saw it expand into a number of markets including India. Now it is primed to continue that growth further still after it gobbled down a fresh serving of capital from TripAdvisor, the travel giant that it already counts …
Continue reading “Restaurant booking startup Eatigo chows down ~$10M more from TripAdvisor”
Chowly, a point-of-sale system for restaurants, has raised nearly $4.7 million, according to an SEC filing. The company is targeting a total raise of $5.8 million. The round is led by MATH Venture Partners with participation from Valor Equity, Chicago Ventures, Hyde Park Venture Partners and others. Chowly had previously raised just $700,000 from MATH Venture Partners, Domenick …
Food delivery startup Zomato is reportedly in talks to raise $400 million via existing and new investors. The company is said to be in negotiations with Ant Financial Services Group and Holdings Private Limited which could lead to a valuation of a whooping $2 billion. The company is also said to be in talks with Alibaba Group …
Continue reading “Zomato to potentially become a $2 billion business with upcoming investment”
India’s food delivery race is hotting up after Swiggy, one of the startups vying for pole position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicorn club. The investment is led by existing backer Naspers, the media conglomerate famous for an early bet on Tencent in China, and new investor DST Global. Others taking …
Continue reading “Indian food delivery startup Swiggy raises $210M at a $1.3B valuation”
… It was a problem that Stefania Mallett, CEO of ezCater, and co-founder Briscoe Rodgers ran into plenty of times — and decided to turn it into a full company. ezCater gives all those sales people, or financial advisors, or anything along those lines a way to quickly set up a catered meal and have an expectation that it’ll …
Continue reading “ezCater raises $100M as it looks to own office-catered meals around the world”
