Food hall startup Wonder, which just four months ago completed a $650 million deal for Grubhub, has raised another $600 million in funding, according to Bloomberg. This latest round for CEO Marc Lore’s company lifts it to a valuation north of $7 billion. Lore in a LinkedIn post Tuesday said there was participation from major existing shareholders, led by …
Continue reading “Marc Lore’s Wonder Raises Another $600 Million”
Online ordering provider Olo has officially been sold to big investment firm Thoma Bravo. Olo shareholders on Tuesday approved the $2 billion, all-cash deal, which equates to $10.25 per share of common Olo stock. That was a 65% premium on the company’s share price as of April 30, before news emerged that it was considering …
Continue reading “Olo’s sale to investment firm Thoma Bravo is complete”
The restaurant tech supplier said the changes were made as part of its transition to new ownership under Thoma Bravo. It was not clear how many jobs were cut. Big tech supplier Olo laid off staff Tuesday as it transitions to new ownership. The scope of the job cuts was unclear, though social media posts …
Continue reading “Layoffs hit Olo after acquisition by private-equity firm”
Giftify [NASDAQ: GIFT] is building a vertically integrated restaurant tech stack with new acquisitions (TakeOut7, Platr) and its Restaurant Management Center (RMC) taking center stage. This is positioning the company to follow Olo’s [NYSE: OLO] recent $2 billion premium valuation as restaurants seeking all-in-one solutions drive a massive consolidation push in the restaurant tech space. …
Continue reading “Why Giftify Could Be the Next Olo in the Restaurant Tech Consolidation Boom”
Olo Inc. has rejected a higher unsolicited purchase offer and will proceed with its earlier agreement with Thoma Bravo for $10.25 per share. Analysts’ average price target suggests a slight upside from the current market price, but the GF Value indicates a potential downside based on historical and future performance estimates.Olo Inc. (NYSE: OLO), a …
Continue reading “Olo Rejects Higher Offer, Sticking with Thoma Bravo Deal Amid Mixed Analyst Views”
Big news from the team at dlivrd, the last-mile delivery tech and logistics provider, announced the formation of its new parent company, dlivrd Technologies Inc. Plus rebranded its core technology platform as Expedite. dlivrd serves as a white-label, last-mile delivery partner for restaurants, with a focus on catering. This latest move sets its sights beyond restaurants. …
Continue reading “dlivrd Rebrands Core Tech Platform as Expedite, Launches New Parent Company”
Wonder, a mealtime platform that acquired Grubhub last year, is allowing customers to order from Grubhub’s restaurant partners through the Wonder app, alongside existing options from Wonder’s own restaurants and Blue Apron meal kits. The change positions Wonder as a single platform for multiple meal formats, including delivery, meal kits and heat-and-eat meals, said Courtney Lawrie, senior …
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HORSHAM, PENNSYLVANIA / ACCESS Newswire / September 9, 2025 / dlivrd Technologies Inc. has acquired Omnicart’s proprietary platform to fast-track the growth of its off-premise technology, built specifically to manage complex and high-value delivery operations. This addition links the customer’s order through to dispatch and delivery tracking, creating a unified experience that drives scale, consistency, and service excellence. …
BRUSSELS (Reuters) -The planned $3.9 billion takeover of Deliveroo by U.S. meal delivery firm DoorDash will be reviewed under the European Union’s simplified merger procedure, EU Commission documents showed on Tuesday. The food delivery app companies reached a deal valuing Deliveroo at about 2.9 billion pounds ($3.92 billion) in May. The fact that the EU …
Company achieves gross profit increase of 18.3% to $3.9 million Strategic initiatives including TakeOut7 acquisition and AI implementation driving operational improvements SCHAUMBURG, IL, Aug. 13, 2025 (GLOBE NEWSWIRE) — Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of CardCash.com, Restaurant.com, and Takeout7.com, and a leader in the incentives and rewards industry, today announced financial …
