Waitr adds chief technology officer as it expands into new verticals

Waitr has named Timothy Newton as its chief technology officer, the company announced Tuesday. Newton served as CTO at Fat Tuesday & New Orleans Original Daiquiris. Before that, Newton was vice president of global technology operations at Papa John’s. Newton led the implementation of a new point-of-sale system across 40 Fat Tuesday locations and developed performance …

Just Eat Takeaway shifts to a lower gear

Growth at Just Eat Takeaway has slowed down considerably over the fourth quarter. Nevertheless, the meal delivery company is gradually pedalling towards profit: the margin will still be negative this year – but only just. 1.1 billion orders Just Eat Takeaway received a third more orders in 2021 and reached the one billion mark: in total, the company …

Waitr will rebrand to ASAP, cannabis will be a key focus

Waitr will rebrand to ASAP later this year to emphasize the company’s involvement in delivery verticals outside of restaurants, Waitr CEO Carl Grimstad said during a presentation at the ICR 2022 Conference on Tuesday.  Cannabis will be a key element of the company’s differentiation from delivery rivals. The aggregator is poised to succeed in the …

Half of U.S. Consumers Now Using Meal Delivery as Sales Grow

Restaurant meal delivery in the U.S. hit a key milestone before the holidays, as 50 percent of American consumers have now ordered from one of the major meal delivery services, up from 44 percent a year ago, according to the latest figures from Bloomberg Second Measure. As part of its latest analysis of millions of …

Why Waitr’s CEO stopped chasing DoorDash and Uber Eats and went into the ‘messier’ business of cannabis delivery

Waitr is the fourth-largest delivery operator in the US, according to Bloomberg Second Measure. To differentiate itself from DoorDash, Waitr is leaning into the $38 billion cannabis industry. Waitr is buying cannabis-focused software firms that work with hundreds of dispensaries. When Carl Grimstad took over as CEO of the struggling food-delivery company Waitr in early 2020, he …

Uber to bow out of Brazil restaurant deliveries

Uber (UBER.N) said on Thursday it will end its Uber Eats restaurant delivery service in Brazil from March 7 and focus instead on deliveries by its online groceries provider Cornershop and on Uber Direct, a delivery service for stores. Brazil Journal, citing sources close to the matter, said the move is part of a global repositioning strategy …

Moody’s Downgrades Grubhub

Moody’s Investors Services, the highly visible bond credit rating business, downgraded its outlook for Grubhub while maintaining a stable outlook for the third-largest U.S. restaurant delivery provider. The ratings firm cited erosion in Grubhub’s liquidity, sustained negative EBITDA and a decline in cash and short-term investments. Moody’s downgraded Grubhub Holdings Inc’s Corporate Family Rating (FR) …

How Is Lyft’s Food-Delivery Strategy Different?

Ride-hailing service Lyft is entering the food-delivery space in a partnership with online-ordering platform Olo. Though it may sound like Lyft is trying to become the next Uber Eats, it’s setting itself apart with a different strategy. “This is not about Lyft creating a clone of Uber Eats,” Olo CEO Noah Glass told Insider (Dec. 14). The Strategy Lyft’s …

Lyft Rolls into Delivery with Olo Partnership

Lyft is getting into the restaurant delivery business through a new partnership with Olo, following in the tire tracks of its rival Uber, which saw its Eats business overtake ride sharing during the pandemic. As the operator of one of the largest transport networks in North America, Lyft’s entrance into the meal delivery space via …

Lyft announces major push into food delivery, taking the opposite approach to rival Uber

The ride-hailing service Lyft is taking the leap into the competitive food-delivery space through a partnership with the online-ordering giant Olo, the two companies jointly announced Tuesday.  Justin Paris, the head of Lyft Delivery, said the “opportunity size” tied to partnering with Olo is “several hundred thousand deliveries per week.”  Olo, which went public in March, works …