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RFDC Recap: Diving Into Delivery P&Ls

RFDC Recap: Diving Into Delivery P&Ls

by Tom Kaiser | Nov 26, 2018 | Best Practices, Finance, Research, Top Stories

Five-plus years into the sea change that is third-party delivery, restaurant operators continue to debate the merits, challenges and potential profits that result from handing over some crucial parts of the business, from guest contact, upholding the brand and a lack...
Grubhub Announces Record Third Quarter, Stock Tanks

Grubhub Announces Record Third Quarter, Stock Tanks

by Nicholas Upton | Oct 25, 2018 | Finance, News

Grubhub, the first public company in the third-party delivery space, announced its third-quarter earnings today. The company announced earnings of 45 cents per share, beating consensus from Wall Street of 41 cents per share, a 10 percent beat. Topline revenues rose by...
Danny Meyer Fund Leads Goldbelly Series B

Danny Meyer Fund Leads Goldbelly Series B

by Nicholas Upton | Oct 10, 2018 | Finance, News, Third-Party Delivery, Top Stories

More money keeps flowing into the delivery space, this time Goldbelly grabbed the attention of restaurateur Danny Meyer and his young fund Enlightened Hospitality Investments. Goldbelly was founded in 2012 in New York with the purpose of getting “legendary foods” to...
Kitchen United Nabs Lightning-Fast $10M Series A

Kitchen United Nabs Lightning-Fast $10M Series A

by Nicholas Upton | Oct 8, 2018 | Briefs, Finance

Just how excited are investors about the ghost kitchen industry? Well, according to Kitchen United CEO Jim Collins, they are pretty eager. “I think we opened and closed the round in about two days,” said Collins. The outcome of that fervent desire for ghost kitchens...
Postmates Gets ‘Unicorn’ Status with $300M Investment

Postmates Gets ‘Unicorn’ Status with $300M Investment

by Nicholas Upton | Sep 18, 2018 | News, Scoreboard, Third-Party Delivery, Top Stories

Postmates is the name of the week when it comes to investments. The third-party delivery provider announced a $300 million investment form Tiger Capital today. According to a press release, the new funds will go toward growth and investments in efficiency. With this...

Grubhub Acquires Loyalty, Mobile-Ordering Company LevelUp

by Nicholas Upton | Aug 9, 2018 | Finance, Third-Party Delivery

During a very rosy earnings call, Grubhub announced it would acquire LevelUp for $390 million. The loyalty, marketing and mobile payment company provides Grubhub with a lot of loyalty, CRM and marketing benefits. But at the core of the acquisition was LevelUp’s point...
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