Irish start-up Vromo raises $8m to expand food delivery tech globally

Previously known as WeBringg, Vromo has tech partnerships with big players in the business including Olo, Doordash and Deliveroo. Food delivery SaaS start-up Vromo has raised $8m in Series A funding led by Dutch VC firm No Such Ventures. The Dublin-based company, which recently bagged big partnership deals in the US with Jack Dorsey’s payments giant Square …

Toast POS Set to Go Public

Toast, the unicorn point of sale provider, has filed to go public. According to SEC documents, the company has grown to just short 48,000 restaurant partners and saw $23.4 billion flow through its system in the six months ending with June, 30 2021. That puts the company on an annual gross profit volume (GPV) of …

3 Reasons To Invest In Toast’s $20B IPO

If there is one thing I have learned about investing over the years, it is this: nobody can predict the future. What distinguishes the best companies — and makes their shares a good investment — is their ability to act quickly and effectively when the unexpected happens. Usually private investors lack compelling evidence that a …

WHY OLO VIEWS THE DRIVE-THRU AS A BARRIER

Fast-food chains love the drive-thru. The lane that allows for fast, low-contact food delivery became a lifeline during the pandemic and a pillar of many chains’ future plans. Online ordering provider Olo, on the other hand, sees the traditional drive-thru as something of an impediment. “The whole premise of Olo’s original proposition of ‘skip the line’ was there shouldn’t …

Olo Announces Growth in Earnings, Deeper Partnership with Grubhub

The sole public order integration and logistics company, Olo, announced substantial growth in its latest earnings and a deeper partnership with delivery platform Grubhub. Overall, the company (NYSE: OLO) beat analyst estimates on earnings and revenue in the second quarter, which the company announced on August 10. Total revenue was up 48 percent compared to …

Olo Teams Up With Grubhub to Streamline Delivery and Digital Orders for Restaurants

NEW YORK & CHICAGO–(BUSINESS WIRE)–Olo (NYSE: OLO), a leading on-demand commerce platform powering the restaurant industry’s digital transformation, today announced an engagement with Grubhub (NASDAQ: GRUB), a leading U.S. food-ordering and delivery marketplace, to integrate digital orders directly into the point-of-sale (POS) of tens of thousands of restaurant brand locations via Olo Rails. “The digital landscape is rapidly …

Five Digitally Disrupted Industries to Study as Restaurants Make the Shift

The long-awaited joy of a bustling dining room has finally returned. Yet as the industry hypothesizes about the long-term impact of digital with the return to in-person dining, billions of dollars continue to change hands in a way that will determine the fate of restaurant brand equity for years to come — and it’s happening outside of …

Cartwheel Raises $1 Million to Disrupt On-Demand Delivery

Portillo’s Hot Dogs is investing in the company and implementing its turnkey delivery solutions LOS ANGELES, May 13, 2021 /PRNewswire/ — Cartwheel, an on-demand delivery management platform for restaurants and retailers, announced today that it has raised a $1 million seed round led by TenOneTen Ventures with participation from Act One Ventures and Portillo’s Hot Dogs, along with angel investment from additional restaurateurs. The …

Olo Beats Expectations in First Earnings Report

Olo continued its post-IPO victory lap after posting its first quarterly earnings results as a public company. The delivery integration and logistics company for enterprise restaurants had a lot of great highlights from the first quarter of 2021. Revenues were up 125 percent year-over-year to $36.1 million. Gross profit was up 150 percent, suggesting the …

DoorDash drops fraud lawsuit against Olo

Third-party delivery company DoorDash and b2b software company Olo have reached an agreement worth $25 million in credit after DoorDash filed a lawsuit against the company last month, according to an 8-K filed with the Securities and Exchange Commission on Thursday. Both companies have also agreed to settle and dismiss DoorDash’s legal claims. DoorDash’s original lawsuit, filed with the …