The company that in January bought Bite Squad, the Minneapolis food-delivery firm, on Thursday wrote off much of that deal. It had been the most valuable acquisition involving a Twin Cities tech startup this decade. Waitr Holdings Inc. disclosed a $192 million write-off as it announced quarterly results Thursday, contributing to a $220 million loss […]
Tag Archives: Mergers & Acquisitions
DoorDash Completes Caviar Transaction, Has Consolidation Begun?
The first day of November marked the completion of DoorDash’s acquisition of Caviar, the largest in the spate of DoorDash acquisitions the company took on last year. DoorDash and Square, which previously owned Caviar, first announced the $410 million deal in August of 2019. In all, it looks like a good acquisition for the company […]
Montana Based Cafe Courier Joins delivery.com Network
NEW YORK, Nov. 5, 2019 /PRNewswire/ — delivery.com, a leading destination for on-demand ordering that connects consumers and companies to their favorite restaurants and local businesses, today announced that Cafe Courier, a popular online ordering and food delivery service with over 250 restaurants, has joined the delivery.com network. delivery.com is bringing Cafe Courier locations in eight cities onto its network, including Billings, Bozeman, Butte, Great Falls, Helena, Kalispell, and Missoula, […]
Grubhub Banks on Partnerships to Steer Away Competition
Grubhub (GRUB – Free Report) is relying on partnerships to counter competition from the likes of Doordash, Uber (UBER – Free Report) arm UBER Eats and Waitr Holdings (WTRH – Free Report) in the U.S. online food delivery services market. Notably, the company is trailing DoorDash in terms of market share. Per the latest report by analytics firm Second Measure, Grubhub’s share […]
EatStreet acquires Wildcat2Go
EatStreet officials announced Friday that the company has acquired Wildcat2Go, another food delivery service. The Wildcat2Go website now redirects to EatStreet’s website. Wildcat2Go had been in operation since 2013. “As a customer, it’s no fun to have to jump back-and-forth between services, trying to find the food you want – especially when you’re hungry,” said […]
Amazon To Acquire Foodpanda To Strengthen Prime Now?
The global e-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) is coming up with a major food delivery business plan in India. Some close sources to the company reported that Amazon’s Prime Now might be a primary resource for its online food delivery plan. Some media reports have suggested that Amazon might collaborate with Ola’s Foodpanda for its new food […]
DoorDash acquires autonomous driving startup Scotty Labs
DoorDash has been on an acquisition tear of late, with Scotty Labsas its latest target. Terms of the deal were not disclosed, but this comes after DoorDash acquired Caviar in a deal worth $410 million. Scotty Labs, a tele-operations company that is working on technology to enable people to remotely control self-driving cars, raised a $6 million seed round from […]
Aramark buys campus food delivery service Good Uncle
Foodservice company Aramark acquired Good Uncle, an app-based, on-demand food delivery service that brings restaurant-quality meals to pickup points on college campuses, according to a press release. Good Uncle, which launched in 2016, uses centralized production and a fleet of specifically equipped vehicles to deliver meals to popular locations on and off campus. Designated pickup points […]
More than 50 Battle Creek restaurants participating in new delivery service
One of the nation’s largest delivery services has hit the roads of Battle Creek. More than 50 Battle Creek restaurants are now using delivery.com, an online merchant delivery and pickup service. The service is simple. You log into delivery.com or the company’s mobile app, select a restaurant, choose an order and pay online. The food will arrive between […]
Glovo Said to Have Held Early-Stage Talks With Uber, Deliveroo
Spanish food delivery startup Glovo has drawn preliminary interest from Uber Technologies Inc. and Deliveroo in recent months as the industry undergoes a wave of consolidation, people familiar with the matter said. Talks between the Barcelona-based company and potential partners have been on and off and may not lead to a transaction, the people said, asking not […]