Online food delivery startups in India are gaining popularity within no time. Zomato and Swiggy are planning to invest $200 million from risk investors. On the other hand, ride-hailing service provider Uber planned to invest $200 million into its food delivery business UberEats. According to the news obtained from sources, Zomato has taken a way to initiate …
Category Archives: Capital
Billionaire restaurant owner Fertitta moves into food delivery, says ‘consumer tells us what to do’
Billionaire restaurant owner Tilman Fertitta gets into the food delivery business with the purchase of Waitr for $308 million. Fertitta’s company, Landcadia Holdings, will merge with Waitr under the new name Waitr Holdings and trade on the Nasdaq. Fertitta says his company was attracted to Waitr because of the growth opportunities. “You wanna be the …
ZeroCater raises $12M to rule the fridges and pantries of an office
ZeroCater may have made its name in bringing restaurant food to offices for lunch (or other meals), but it has now raised a new fresh round of funding for the next perk it hopes to bring to companies: snacks. While ZeroCater continues to expand from city to city with new restaurants as it tries to grow beyond just …
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Ordermark Raises $3.1 Million to Simplify Restaurant Delivery Orders
…To solve this problem, Canter co-founded and is the CEO of Ordermark, which funnels orders from disparate online ordering services into a unified system to simplify order fulfillment. Ordermark announced today that it has raised a $3.1 million seed round led by TenOneTen Ventures, with participation from Act One Ventures, Mucker Capitaland others. Ordermark works with restaurants to identify …
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SoftBank joins $535M round in DoorDash at $1.4B valuation
SoftBank’s (OTCPK:SFTBF, OTCPK:SFTBY) Vision Fund participates in a $535M funding round in food delivery service DoorDash. Other round participants: Sequoia Capital and Singapore’s GIC. The San Francisco-based, five-year-old startup will use the money to expand from 600 cities to about 1,600 cities. DoorDash’s total funding added up to about $187M before this investment. The new round pushes valuation to about …
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DoorDash raises $535M, now valued at $1.4B Next up: Moving beyond restaurant delivery
Restaurant delivery service DoorDash is joining the unicorn club with its latest round of funding. The company is announcing that it’s raised $535 million in a Series D round. And while it’s not saying anything about valuation, a source close to DoorDash told us that the new funding values the company at $1.4 billion (post-money). DoorDash had previously raised …
Instacart has raised another $200M at a $4.2B valuation
Despite plenty of uncertainty swirling around Instacart and its complex relationship with Whole Foods — now owned by Amazon — investors still seem to not be too worried, and are pouring a fresh big round of financing into the startup that values it at $4.2 billion. Instacart said it raised $200 million in a new funding round …
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Delivery logistics platform Bringg raises $12M from strategic investors, including Salesforce Ventures
Delivery logistics platform Bringg announced today it has raised another $12 million in Series B funding, bringing the total round to $22 million. The round, which follows the initial Series B from last spring includes new, strategic investment from automotive leader Dr. Shmuel Harlap, shipping and real estate magnate Eyal Ofer, and Salesforce Ventures. Previously, Bringg had raised $10 million …
Bite Squad acquires Takeout Taxi Maryland, 16 other food-delivery firms
BiteSquad.com, a Minneapolis-based online restaurant-delivery company, has completed the acquisition and integration of 17 restaurant-delivery companies across the country, including one that serviced Maryland. As part of the deal, Bite Squad has absorbed Bethesda-based Takeout Taxi Maryland, which delivered restaurant food to a number of cities in the state, including College Park, Takoma Park and …
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Homer Logistics Raises $8.5 Million in Series A Funding to Enhance “Final Mile” Delivery Efficiencies
NEW YORK, June 26, 2017 /PRNewswire/ — Homer Logistics, a startup specializing in optimizing local, final mile delivery using advanced logistics technology, today announced it has raised $8.5 million in Series A funding, led by Two Sigma Ventures with Lerer Hippeau Ventures, RSE Ventures, and Laconia Capital Group participating among others. Homer Logistics will use the financing to expand its …