Uber Acquires Taiwan’s Foodpanda Delivery Biz for $950 Million

Uber Eats has eyes set on growth overseas, announcing last week that it’s scooping up Delivery Hero’s Foodpanda business in Taiwan for $950 million in cash. The move comes as Uber looks to expand delivery in the Asian-market region. The two companies have also entered an agreement for Uber to purchase $300 million in newly issued ordinary shares …

Uber to Buy Delivery Hero’s Taiwan Business for $950 Million

Uber Technologies Inc. is buying Delivery Hero SE’s Foodpanda business in Taiwan for $950 million, shoring up its control of a key Asian market as it seeks to expand in the region. Uber, whose meal delivery business outperformed globally during the most recent quarter, aims to complete the all-cash deal by the first half of …

Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash

Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand in Asia, specifically by strengthening its position in Taiwan. On the other hand, it also underscores Delivery Hero’s ongoing retreat from that same market: The sale is coming …

Sam Nazarian buys Kitchen United IP, forms new virtual brand platform

Dive Brief: Dive Insight: Everybody Eats is staking out ambitions comparable with the failed business forecasts of ghost kitchen pioneers. The press release states the platform will leverage “rapidly evolving customer preferences through use of technology, AI, use of retail space and the expansion into CPG, supermarkets, convenience, casual dining, education, hospitality, limited service hotels all within …

Wonder Invests Further in Delivery, Acquires Relay

After a year-long partnership, Wonder has acquired Relay, a New York City-based delivery service.  The move is part of the food hall concept’s strategy to streamline delivery operations.  Relay maintains its own fleet of contracted couriers, mainly on bikes, completing restaurant deliveries for an hourly rate. Relay maintains its own fleet of contracted couriers, mainly on bikes. …

C3’s Sam Nazarian Talks Purchase of Kitchen United Assets, Outlook on Ghost Kitchen Space

Sam Nazarian, CEO of digital restaurant company C3 and sbe hospitality group, has acquired Kitchen United’s IP (intellectual property) and ghost kitchen-related assets.  Once a leader in the ghost kitchen space, Kitchen United shuttered its physical locations late last year. The virtual commissary operator combined elements of delivery technology, real estate and virtual restaurant brands …

ChowNow Acquires Cuboh Software

Online restaurant ordering-managing platform ChowNow Inc. has acquired online ordering consolidation platform Cuboh Software Inc. in a move to expand its offerings and integrate with more point-of-sales systems. Culver City-based ChowNow doesn’t charge commission fees to restaurants and promotes itself as a more restaurant-friendly alternative to ordering applications such as GrubHub, DoorDash and Uber Eats. GrubHub, DoorDash and Uber Eats charge a commission …

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, …

ChowNow acquires digital order integrator Cuboh

Online ordering provider ChowNow is acquiring Cuboh, a company that allows restaurants to streamline incoming orders from third-party delivery apps. ChowNow said the deal will make its offering for independent restaurants more comprehensive and help them clean up jumbled tech stacks. It will also increase the number of POS systems that can integrate with ChowNow’s …