Food-delivery service closes, bankruptcy filing likely

There’s basically nothing proprietary about food delivery.  One company might offer better loyalty rewards or have an easier-to-use app, but the core service remains the same. So, once an area has more than one food-delivery service, it becomes hard for any player in the space to make money. Competition commoditizes the service and drives the …

It was one of Louisiana’s most popular tech startups. What went wrong at Waitr?

Waitr’s meteoric rise as a tech startup was eventually pulled down by an ill-advised acquisition, a dwindling amount of cash and years of declining revenue, an Acadiana Advocate analysis revealed. The delivery company, which was acquired by Texas millionaire Tilman Fertitta’s Landcadia Holdings in 2018 for $308 million and later rebranded as ASAP in 2022, …

ASAP delivery service previously known as Waitr files for bankruptcy

Waitr Holdings filed for Chapter 7 bankruptcy on April 2, with plans to liquidate any of the company’s assets ASAP, the food delivery service formerly known as Waitr, has shut down after the company filed for Ch. 7 bankruptcy, according to an 8-K form filed with the U.S. Securities and Exchange Commission on April 2. According to …

ASAP delivery service files for Chapter 7 bankruptcy

The restaurant delivery company formerly known as Waitr is no more. The Louisiana-based provider, which rebranded as ASAP in 2022, filed for Chapter 7 bankruptcy Tuesday and ceased operations.  It had been struggling amid competition from bigger delivery companies like DoorDash and Uber Eats for years. Its revenue and corporate headcount declined sharply last year …

Parent company for Louisiana-based Waitr food delivery service files for bankruptcy

Waitr Holdings, the parent company for the company formerly known as Waitr and several other subsidiaries, has filed for Chapter 7 bankruptcy. The company announced the move in a document filed Tuesday with the U.S. Securities and Exchange Commission. It comes after the company now known as ASAP announced on Friday it would cease operations …

Food-delivery service closes, bankruptcy filing likely

Food delivery has proved to be a service that customers like but is really hard to make money on. There’s basically nothing proprietary about food delivery.  One company might offer better loyalty rewards or have an easier-to-use app, but the core service remains the same. So, once an area has more than one food-delivery service, …

Lafayette-based ASAP food delivery service, formerly known as Waitr, ceases operations

ASAP, the company formerly known as Waitr, has ceased operations, according to a message posted to the company’s website. The post read that after 15 years of dedicated service, the decision has been made to close the delivery and carryout business “We’ve made the tough decision to cease operations,” the post read, “We write to …

Once considered a Louisiana success story, this company is now weighing bankruptcy

Waitr Holdings Inc., the parent company of ASAP (formerly Waitr), is considering bankruptcy, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday morning. On Friday night, the Lafayette-based food ordering platform announced it had ceased operations with respect to carry-out services. The company had already ceased delivery services on Feb. 13, …

The company that started as Waitr in Louisiana 15 years ago has ceased operations

ASAP, the Lafayette delivery company formerly known as Waitr, has ceased operations, the company announced on its website. The company that launched 15 years ago as the idea of Acadiana entrepreneur Chris Meaux before it went public and later was rebranded announced it has closed its business. It’s unknown when the decision was made, but …

Waitr Holdings: Other Events, Uber Direct Ceases Providing Delivery Services for ASAP

February 13, 2024 U.S. Securities and Exchange Commission Item 8.01 Other Events.On February 12, 2024, Waitr Holdings Inc. (“Company”) was notified by Uber Technologies Inc. that Uber Direct would no longer provide delivery services for the Company, which decision was implemented by Uber Direct effective as of 10:00 p.m. Eastern Time on February 12, 2024. As a …