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...
by fodnews | Sep 13, 2018 | Briefs, News
As McDonald’s and Wendy’s continue expanding third-party delivery at a growing number of locations, the mega-chain restaurants are reporting average check sizes 1.5 to two times higher than traditional, dine-in customers according to a new report from Stephens. “We...
by fodnews | Sep 13, 2018 | Briefs, News
Foodsby, a Minneapolis-based office catering company, raised $13.5 million in a Series B funding round led by Piper Jaffray Merchant Banking. Greycroft Partners, Corazon Capital and Rally Ventures also participated, and this latest round increases Foodsby’s total...
by fodnews | Sep 13, 2018 | Briefs, News
After less than a year of partnering with same-day grocery delivery service Instacart, supermarket giant Kroger announced it’s expanding the service to another 75 markets by late October. That increase means Instacart will be available at more than 1,600 Kroger stores...
by fodnews | Sep 13, 2018 | Briefs, News
In a move to keep customers on its own website and app, Chipotle began offering direct delivery without sending customers to a third-party service platform. Still powered by Doordash, the in-app delivery order function is now available in all 70 markets at the more...
by fodnews | Aug 10, 2018 | Briefs, News
Showing no slowdown from 2017 when it acquired 17 local restaurant delivery companies, Bite Squad added service to 100 U.S. cities with another 100 planned for the rest of the year. By the end of the year, the company expects to be in 400 cities across 22 states....