“Terribly Underfunded” Restaurant Revitalization Fund Snubs Independent Restaurant Owners

The $1.5 trillion omnibus bill just passed by congress under the eye of the Biden administration has failed to help our restauranteurs who are still recovering from the effects of Covid. The bill did not include money for the Restaurant Revitalization Fund, according to a new report by NBC Nashville.  One independent restaurant owner in Tennessee said …

EzCater Preps for an IPO in a Rebound From the Pandemic

Stefania Mallett, CEO and co-founder of ezCater, remembers waking up in March 2020 to find that the Covid-19 pandemic had wiped out 85% of her business. Now the online catering provider has turned its business around and is again preparing for an initial public offering.  EzCater started 2020 expecting it to be their best year …

Restaurants Are Getting Angry About Delivery Orders

CNN reports food delivery has been — and continues to be — a problem for restaurants in the United States. As food spots across the country closed their dining rooms in response to the onset of the COVID-19 pandemic. Many restaurant operators had no other choice than to lean into delivery as a source of …

Recovery Stories Vary For Businesses Hit Hard During Pandemic

During the past two years of the pandemic, NBC Connecticut has checked in with hundreds of businesses across our state to see how they’re coping with one of the most challenging economic situations ever. NBC Connecticut Investigates revisited three of them for a follow-up. One business told us it has been treading water, another said …

Cuboh Gears Up for Digital Product Launches, Overseas Expansion

When COVID-19 closed down restaurant dining rooms, it forced restaurants to adapt to a new digital world. That opened up a range of new possibilities, from simple marketing to ghost kitchens and virtual restaurant brands, but it also created a new set of headaches. Orders now come in from disparate channels instead of just in-house, …

With staff out sick and customers wary of omicron, CT restaurants open and close with ‘a lot of unknowns’

Omicron is the latest curveball to hit the beleaguered restaurant industry, as staff get sick or exposed to COVID and customers lose confidence in indoor dining during the latest surge of cases. As Connecticut reported a 21.5% positivity rate Monday, schools have closed and cities and towns have rushed to distribute at-home COVID test kits to residents, where demand has …

SoftBank to Back EzCater at $1.6 Billion Value in Funding Round

Corporate food startup EzCater Inc. is worth $1.6 billion after raising $100 million in a funding round led by SoftBank Vision Fund 2, according to a statement reviewed by Bloomberg News. That valuation increase from $1.2 billion in 2019 when it last raised money follows a change in the Boston-based company’s customer base after the coronavirus pandemic altered …

ezCater Raises $100M in New Capital

ezCater, the most trusted provider of corporate food solutions, today announced $100 million in new capital to meet the evolving needs of the $300+ billion food for work market. The Series D-2 round was led by SoftBank Vision Fund 2. It brings ezCater’s total funding to $425 million and raises the company’s post-money valuation to …

Grubhub Exec Talks Past and Future of Delivery at FODC Opening Day

“This industry is not done changing the world,” declared Editor Tom Kaiser as he kicked off the Food On Demand Conference at the Bellagio Hotel in Las Vegas today. Grubhub exec Kevin Kearns recalled a year ago March when the pandemic shut down the United States. “Talking about the pandemic, my heart goes out to …

Grubhub and Foodsby Talk Corporate Delivery During the Pandemic

While COVID-19 was a boon for the meal delivery business, office deliveries were hit hard. “When the pandemic hit we thought, ‘okay, this will just shift to the home,’” said Zak Edgington, head of corporate sales-western region at Grubhub. But that didn’t happen immediately. “We took a hit the first couple of months.”  Eventually, though, …