It was one of Louisiana’s most popular tech startups. What went wrong at Waitr?

Waitr’s meteoric rise as a tech startup was eventually pulled down by an ill-advised acquisition, a dwindling amount of cash and years of declining revenue, an Acadiana Advocate analysis revealed. The delivery company, which was acquired by Texas millionaire Tilman Fertitta’s Landcadia Holdings in 2018 for $308 million and later rebranded as ASAP in 2022, …

ASAP Deliveries, now powered by Uber Eats.

We’re excited to announce that ASAP will soon be powered by Uber Eats! In order to deliver ASAP orders, please sign up here: Deliver with Uber. To learn more about delivering with Uber and how you will get paid, click here. If you have any questions, please reach out to us at drivers@deliverylogistics.io.   Already delivering …

Waitr Continues With Dilutive Acquisitions While Searching For A New Business Model

Summary Waitr owns two food delivery platforms, Waitr and Bite Squad. The company had to write down $192 million in goodwill from the investment in Bite Squad in 2019 after its stock price plummeted. Although the company had shown some recovery in 2020, its 2021 sales and profitability figures are down again. The company reached …

WAITR ANNOUNCES LAUNCH OF CORPORATE REBRAND INITIATIVE

LAFAYETTE, La.-(BUSINESS WIRE)- Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or “Company”), a leader in on-demand food ordering and delivery, announced it has launched a strategic initiative to change its name and visual identity in a comprehensive rebrand, to be effective within the next 12 – 18 months. The rebranding strategy reflects the Company’s ongoing commitment …

Waitr buys MS Coast restaurant delivery service. What’s next includes a new name

What started three years ago as one of the first restaurant-to-home delivery services in South Mississippi boomed during the pandemic and now is Bite Squad. Anthony Depreo said he founded Tiki Delivery in Diamondhead in May 2018 as “a one man show,” contracting with three restaurants in Bay St. Louis for delivery service. In December …

Food delivery service app Bite Squad grows Orlando presence with new jobs

A Minneapolis-based food delivery service is ramping up its growth in Orlando with lots of new jobs. Bite Squad plans to hire more than 200 contract drivers in the metro area. That comes as restaurants have seen an increase in take-out and delivery orders due to the Covid-19 pandemic. “These positions not only will help …

Bite Squad is Back in Growth Mode

Bite Squad—a third-party delivery platform that’s a subsidiary of Waitr—is back in growth mode, according to various news reports, as it looks to add hundreds of new drivers in key markets, along with new executive team members and expanding its delivery service in Oahu, a critical market for the brand. The Minneapolis-St. Paul Business Journal …

Waitr was $291 million in the red during 2019, cash on hand drops to $30 million

Louisiana online food delivery ordering tech startup Waitr Holdings Inc. was $291 million in the red during 2019, which is a loss of $4 per share, compared to a $34 million, or $2 per share, loss in 2018.  Waitr’s fourth-quarter earnings were also down as it lost $21.6 million in the last three months of …

Bite Squad parent drops drivers in switch to gig-worker model

The parent company of Bite Squad plans to lay off the food-delivery service’s employee drivers within the next six weeks, intending to convert them into independent contractors. Based in Minneapolis, Bite Squad was purchased in 2019 for $321 million by Waitr Holdings Inc. (Nasdaq: WTRH) of Lafayette, La. The company previously announced plans to lay off about …

Landshark Delivery acquired by Bite Squad

As a locally owned business, Landshark Delivery helped make eating easier for Oxford residents and students for years. Landshark is still around, but this week they became part of a national brand. Bite Squad announced the acquisition of Landshark Delivery effective as of Wednesday, bringing the Oxford business into the fold along with other cities …