Slice Acquires Your Fare

After an amazing 7-year journey, I am excited to announce that the team and technology involved in building our 3rd party integration platform at Your Fare will be joining Slice to help keep local restaurants thriving. Slice, renowned as the most convenient platform for ordering local pizza, facilitates connections between millions of pizza enthusiasts and thousands of …

Zuppler Acquires DataDreamers

Shiva Shrinivasan: “I am super excited with this acquisition. I believe DataDreamers has the most powerful dispatching platform specifically built for local restaurant delivery services. You couple that with our website/app ordering and loyalty solution, the RDSs will finally get the tools they need to build back their business. We welcome the DataDreamers team to …

Delivery Hero Sells $97 Million Stake in Deliveroo

Delivery Hero has sold its 4.5% stake in British food ordering platform Deliveroo. The Berlin-based company announced the $97 million sale of its 68 million shares in a news release Monday (Jan. 29), with the sale expected to settle Thursday (Feb. 1). “Following settlement, the company will not hold any remaining shares in Deliveroo,” the release said. …

Why Uber decided to sunset Drizly

Uber is shutting down alcohol delivery service Drizly, roughly three years after acquiring it for $1.1 billion. On January 15, Uber announced that it would shut down Drizly by March. The news comes almost exactly three years after the big acquisition, which took place months after Uber’s $2.65 billion acquisition of competitor Postmates. “After three …

Report: Uber to Close Drizly E-Commerce Alcohol Delivery Platform

Uber has decided to shut down Drizly just three years after acquiring the alcohol e-commerce delivery platform for $1.1 billion, Axios reported today. Pierre-Dimitri Gore-Coty, Uber’s SVP of delivery, in a statement to Axios, said the company has decided to close Drizly in order to focus on its “core UberEats strategy of helping consumers get almost …

Guess What Restaurant Tech Founders Do after Selling their Companies?

At every restaurant conference there’s a long list of speakers and panelists who wouldn’t even make their sixth grade science fair. Eliminated in the first round as if “Look what I can stick in my nose” is somehow advancing the human race. But amazingly, by no small miracle, these individuals are fawned over by a desperate choir …

Just Eat Takeaway CEO: Grubhub sale attempt has been ‘complicated’

Just Eat Takeaway’s pending sale of Grubhub has been complicated, CEO Jitse Groen told investors Wednesday. Groen said conversations are ongoing, but M&A activity in the U.S. has been slow. Existing fee caps, especially in New York City, have made conversations regarding the sale difficult, especially since they make “it tough to put a decent multiple on Grubhub,” he …

me&u & Mr Yum join forces to become the world’s #1 mobile ordering and payments platform

We are super excited to announce that me&u and Mr Yum are merging. I am humbled that two Aussie startups are coming together to take on the world. It’s a truly momentous moment for our teams & believers – this is because of you. Below is the script from my team announcement that shares the story …

NYC’s delivery fee cap is complicating a Grubhub sale

New York City’s delivery fee cap is hampering the potential sale of Grubhub, owner Just Eat Takeaway.com (JET) said Wednesday. The cap, which limits third-party delivery commissions to 20% of the order total, is currently under review by the City Council and the subject of a lawsuit from Grubhub, DoorDash and Uber Eats.  Its uncertain …

Just Eat CEO Says Grubhub Sale Is Proving ‘Very Difficult’

Just Eat Takeaway.com NV is finding it difficult to complete the sale of its US business, Grubhub Holdings Inc., because of a combination of high price demands from some investors and a weak market for deals, Chief Executive Officer Jitse Groen said. “We’re talking to buyers still, but it’s a very difficult M&A situation currently,” …