Flipdish Nabs $100M in Funding

Flipdish, an online ordering and digital experience platform for the hospitality space, received a $100 million investment led by Tencent raising its valuation to more than $1.25 billion. This comes after the Dublin-based company received a $48.5 million investment from Tiger Global Management nearly a year ago. The investment will be used to grow global …

Snackpass snags $21M to let you earn friends free takeout

“We were in the back washing blenders so they could keep taking Snackpass orders,” recalls co-founder and CEO Kevin Tan. The team from order-ahead food startup Snackpass was willing to get their hands dirty to keep up with demand at one of their first restaurant partners, Tropical Smoothie Cafe on the Yale University campus. Why …

Snackpass gobbles up $70M at a $400M+ valuation as its social food ordering platform crosses 500K users

While every food delivery company is trying to get an edge on its rivals with discount codes, faster service, and a turn into the realm of spooky with ghost kitchens and dark stores, a startup built on a lighter, social concept — letting people see what their friends are chomping on, making it possible to …

ezCater’s $100 Million Series D-2 Funding Round

Foley Hoag advised ezCater on the deal. ezCater, the most trusted provider of corporate food solutions, announced a $100 million late-stage series D-2 funding round led by SoftBank Vision Fund 2 with participation from Quadrille Capital, GIC, ICONIQ Growth, Insight Partners, Invus and others. This funding round brings the total funds raised by ezCater to $425 …

DoorDash-Type Indian Delivery Startup Clocks $540 Million Valuation: Report

Indian grocery startup Zepto, that offers a quick 10-minute delivery turnaround on orders, on Monday secured another $100 million in funding from startup accelerator Y Combinator, and others to clock a valuation of $570 million, according to a news report. Investors in the latest round include existing financiers like Glade Brook Capital Partners, Nexus Venture …

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 …

Yummy bags $18M as its expands delivery app across Latin America

Three months after announcing a $4 million seed round, Venezuelan delivery super app Yummy is back with an $18 million Series A round that will accelerate the company’s proposed expansion throughout Latin America. Anthos Capital led the latest round, with additional participation from JAM Fund, whose founder Justin Mateen was an investor in the seed round. …

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 …