Restaurant-software maker Toast valued at nearly $33 billion as shares surge in debut

Toast Inc fetched a valuation of nearly $33 billion in its New York Stock Exchange debut on Wednesday, as shares of the restaurant software provider jumped 63%, underscoring a deep investor appetite for fast-growing software firms. The stock opened at $65.26, compared with its initial public offering price of $40 per share. The valuation marked …

TOAST RAISES IPO PRICE AGAIN, EYEING $18B VALUATION

Restaurant software company Toast on Monday raised the price range for its initial public offering for a second time, flashing confidence in investors’ appetite for restaurant technology.  The Boston-based company will now look to sell more than 21 million shares of Class A stock for $34 to $36 each, it said in a filing with the Securities …

Irish start-up Vromo raises $8m to expand food delivery tech globally

Previously known as WeBringg, Vromo has tech partnerships with big players in the business including Olo, Doordash and Deliveroo. Food delivery SaaS start-up Vromo has raised $8m in Series A funding led by Dutch VC firm No Such Ventures. The Dublin-based company, which recently bagged big partnership deals in the US with Jack Dorsey’s payments giant Square …

Toast increases IPO to $825M

UPDATE: Sept. 13, 2021: Toast plans to register 25 million Class A common stocks with prices per share ranging from $30 to $33, according to an amended S-1 filing submitted Monday to the U.S. Securities and Exchange Commission. The proposed maximum aggregate offering price has been updated to $825 million under these terms.  Dive Brief: Restaurant technology company …

Toast POS Set to Go Public

Toast, the unicorn point of sale provider, has filed to go public. According to SEC documents, the company has grown to just short 48,000 restaurant partners and saw $23.4 billion flow through its system in the six months ending with June, 30 2021. That puts the company on an annual gross profit volume (GPV) of …

From Busboy to Millionaire: How This Bangladeshi Immigrant Made His Big Break in the U.S. Restaurant Industry

Since COVID-19 took indoor dining off the table, restaurants have resorted to takeout and delivery, often relying on third-party platforms like Uber Eats and GrubHub, which charge commissions from 15 to 30 percent per order. Nabeel Alamgir, a 30-year-old Bangladeshi-American based in New York, believes he has the solution to help restaurants cut down on such expenses. A …

Zomato’s IPO to hit market from July 19; 10 things you MUST know about this much waited listing

New Delhi | Jagran Business Desk: Food delivery service Zomato is expected to start the subscription for its initial public offer (IPO) from July 19 at a price band of Rs 70-72 per share. The offer size of Zomato’s IPO will likely be as much as Rs 9,375 crore at this price, making it the second-biggest …

Cartwheel Raises $1 Million to Disrupt On-Demand Delivery

Portillo’s Hot Dogs is investing in the company and implementing its turnkey delivery solutions LOS ANGELES, May 13, 2021 /PRNewswire/ — Cartwheel, an on-demand delivery management platform for restaurants and retailers, announced today that it has raised a $1 million seed round led by TenOneTen Ventures with participation from Act One Ventures and Portillo’s Hot Dogs, along with angel investment from additional restaurateurs. The …

“An Absolute Car Crash” – Deliveroo Shares Tumble 31% In London IPO

In what some might take to be the latest sign of exhaustion in global equity markets, shares of Deliveroo tumbled 31% in their market debut Wednesday after pricing at the lower end of their range. Despite pricing near the bottom of its range, Deliveroo’s opening valuation of about £7.6 billion ($10.5 billion) was the highest in …

goPuff’s $1.15B raise is a big deal. Here’s what VCs and founders say it means for Philly

When on-demand delivery company goPuff dropped the news of its $1.15 billion investment this week, it seemed at the same time astounding and yet not: It’s sort of what we’ve come to expect, as the billion-dollar investment is the third massive raise for the company in less than a year and a half. It comes only months after …