The catering platform will expand Uber Eats’ large order business, which has become a significant opportunity in recent quarters. Dive Brief: Dive Insight: EzCater currently partners with over 140,000 restaurants and generated over $2.5 billion in gross bookings over the trailing 12 months, according to the company, and it has grown in the high teens …
Tag Archives: state of the industry
Uber Proposes Delivery Hero Takeover at €10 Billion Valuation
(Bloomberg) — Uber Technologies Inc. has offered to take over Delivery Hero SE in a deal that would value the German delivery company at about €10 billion ($11.6 billion) as it seeks to ramp up competition with DoorDash Inc. outside the US. Delivery Hero received an approach from Uber for €33 per share, and “remains …
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ezCater Rebrands to Reflect Expansion from Marketplace to Enterprise Workplace Food Platform
Following sustained double-digit bookings growth through 2025, ezCater’s new brand identity reflects its expanded role as a workplace technology partner ezCater unveils new brand identity to mark its evolution from a catering marketplace to an enterprise workplace food platform that makes food easy to order, manage, and scale. BOSTON–(BUSINESS WIRE)–ezCater, the #1 food tech platform …
Northern Colorado’s Nosh Delivery shuts down after 7 years
After a long day, sometimes all you want is a comforting meal — and for some Northern Colorado residents, that meant turning to Nosh Delivery. The local delivery service, which operated for seven years, offered an alternative to other major food platforms like Uber Eats and Grubhub, partnering with local restaurants across the region. But in a March 24 …
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The Quiet Collapse of the American Restaurant
(The Epoch Times)—I have lost multiple restaurants over the past few years. The final two closed last year in California. At first, it was easy to explain. COVID-19 hit, and everything changed overnight. Then came the actor strikes, the writer strikes, and the fires that swept through Los Angeles. One by one, these events reshaped …
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Delivery Hero Investors Said to Push for Sale, Divestments
Delivery Hero SE is facing pressure from several large shareholders to conduct a strategic review amid increasing consolidation in the food-delivery industry, people with knowledge of the matter said. Investors including Hong Kong hedge fund Aspex Management, which is Delivery Hero’s second-biggest shareholder with a stake of more than 5%, are pushing management to consider …
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Why Giftify Could Be the Next Olo in the Restaurant Tech Consolidation Boom
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. …
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Spotlight Interview: Zhong Xu, CEO and Co-Founder of Deliverect
Zhong Xu, CEO and co-founder of Deliverect, is no stranger to the restaurant industry. His entrepreneurial journey began at the young age of 17, building websites and developing POS solutions for Asian restaurants. This early exposure ignited a passion for technology’s potential to transform the food sector, a passion that would eventually lead him to co-found …
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Olo vs Toast: $2B vs $25B – The Strategic Tale of Two Tech Giants
Here’s a concise tweet summarizing the Olo vs Toast analysis: 🧵 Olo vs Toast: A $2B vs $25B tale of strategic choices Both restaurant tech companies IPO’d in 2021, but chose radically different paths: 🎯 Olo: Enterprise-first (300k locations) → Higher margins (61% vs 25%) → $339M revenue (2025E) → Acquired for $2B 🚀 Toast: …
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DoorDash CEO Tony Xu is taking on the role of industry consolidator in food delivery
During the depths of the Covid pandemic, with restaurants around the country facing an existential crisis, DoorDash CEO Tony Xu had an unconventional proposal. He wanted to cut commissions. Chief Business Officer Keith Yandell worried that such a move would result in a massive hit to profits ahead of the company’s planned IPO. But Xu made a …