DoorDash Buys a Rival, Caviar, for $410 Million

… DoorDash is buying Caviar from Square, the payments company, which has owned the service since 2014. Caviar operates in around 15 cities and primarily offers food from upscale restaurants in urban areas. …DoorDash has embarked on a string of fund-raising. In May, the company raised $600 million, lifting its valuation to $12.6 billion. The […]

DoorDash is buying Caviar from Square in a deal worth $410 million

… Square bought Caviar about five years ago in a deal worth about $90 million. Now, Caviar  has found a new home with DoorDash, the on-demand delivery startup that had been under fire for months regarding how it pays its delivery workers. DoorDash is finally starting to do right by its workers by saying it will no longer subsidize wages with tips, […]

DoorDash buys food delivery app Caviar from Square

The food delivery world is getting smaller. DoorDash has agreed to buy rival food delivery platform Caviar from Square for a total of $410 million in cash and stock. Square CEO Jack Dorsey said during a second-quarter earnings call today that the move would allow the company to focus on its core money delivery business. “We have seen a […]

The Future of Food Delivery Just Got Flatter

DoorDash, the delivery service that’s probably brought McDonald’s, Wendy’s and Chipotle to your door, has acquired Caviar, the delivery app that sold itself as the bougier option — where upscale restaurants like i Sodi in NYC, Destroyer in LA, and Duck Duck Goat in Chicago deigned to sell their wares. The sale, worth $410 million in cash […]

DoorDash Acquires Rival Food Delivery Service Caviar For $410 Million

Topline: DoorDash will acquire food delivery rival Caviar for $410 million in cash and preferred stock, DoorDash announced Thursday, further consolidating the competitive delivery market as DoorDash goes up against GrubHub, UberEats and Postmates. DoorDash is purchasing Caviar from payments company Square, which boughtthe company in 2014 for $90 million. Gokul Rajaram, Caviar’s head, will join […]

Square’s POS system now integrates Postmates, DoorDash, and other food delivery services

…To eliminate this “tablet farm” scenario, which could see five or more screens splayed across a restaurant’s front of house, Square has announced a host of new integrations to help centralize their ordering, delivery, and payment processing in a single interface. When the service launches, restaurants using Square’s payment-processing services will be able to access […]

Square taps Postmates to let merchants offer on-demand deliveries

Square is partnering with courier network Postmates to bring on-demand deliveries to more restaurants and retailers. The integration, which is rolling out today, will enable retailers — of any size — that use Square’s payments platform to offer customers the option of having any item delivered. It’s worth noting that Square already offers food deliveries through Caviar, […]

Square’s Caviar agrees to pay $2.2 million to settle class-action lawsuit over gratuity

Square,  the payments company led by Jack Dorsey, has agreed to pay $2.2 million to settle a class-action lawsuit involving its on-demand food delivery service, Caviar . Today, customers who ordered food from Caviar between January 20, 2012 and August 31, 2015 received a notice of the proposed class-action settlement. As part of the settlement, which TechCrunch has […]

Is Square Evolving Into a Threat to GrubHub?

Square (NYSE:SQ) recently launched Square for Restaurants, which merges all of a restaurant’s operations — from booking tables to managing payments — in a single platform. It’s also integrated with Square’s food delivery service Caviar. That’s a smart move for Square, since it leverages its growing payments business to bolster its disruptive presence against traditional POS (point of […]

Square launches restaurant point-of-sale platform

Square,  which has already made its way into retail stores and service-based businesses (think hair salons, massage therapists, etc.), is officially getting into the restaurant business with the launch of Square for Restaurants. Square for Restaurants is a point-of-sale system that handles everything from menu updates, floor layouts, employee scheduling and performance tracking to tip splitting. […]