Grubhub Announces Record Third Quarter, Stock Tanks
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
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
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 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
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...
Outstanding Operators
Food On Demand Outstanding Operators features restaurant brands with innovative operations that are taking creative paths to success with delivery and all things off-premises.