Toast, the unicorn point of sale provider, has filed to go public. According to SEC documents, the company has grown to just short 48,000 restaurant partners and saw $23.4 billion flow through its system in the six months ending with June, 30 2021. That puts the company on track for an annual gross processing volume (GPV) of more than $46 billion, up 17 percent year over year. That was one insight from the company’s S-1, the initial document that companies file prior to going public, but there were a lot […]
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The network of 100 NASCAR branded virtual restaurants was designed to get racing fans their favorite track snacks at home, but the speed by which the mega brand did so is as thrilling as the last lap of Daytona. Dubbed NASCAR Refuel, the new app and food-delivery portal offers up some of the same food made famous by racetracks. As we previously covered, it’s a lot of hotdogs, burgers and fried-food favorites. But in the pits, how the new brand came to be has some interesting lessons for other mega […]
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We asked one of the first restaurants using the new DoorDash Kitchens Full Service what it’s like to hand over the keys to their brand to the platform’s new army of chefs.
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Wing, Alphabet’s drone subsidiary, surpassed the 100,000-customer delivery mark in recent days, following years of test deliveries.
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Wisely, the Michigan-based customer intelligence platform for restaurants, unveiled a new round of features that provide new ways to integrate and access customer data.
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NCR says it has regained that customer-centric focus and is positioned to outcompete the Toasts, Lightspeeds and Squares of the world.
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Global food tech platform C3 announced a $10 million strategic investment from TriArtisan Capital Advisors and its investors.
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Breakfast is becoming a bigger deal in the Nextbite universe, as the virtual restaurant provider launches three new delivery-only breakfast concepts.
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In a flurry of robotic restaurant news, the potential for pizza or salads made by robots is creeping closer to Main Street. Automated pizza-making company Picnic just announced its devices are now available for commercial use. Piestro, another robotic pizza-making device, is partnering with pizza purveyor 800 Degrees. And Sweetgreen just announced it would acquire Boston-based food-automation company Spyce. Arguably the biggest news was Sweetgreen acquiring Spyce. The salad and bowl company is almost fully automated. The three-location concept is built around a large device that creates grain bowls and […]
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The landmark Proposition 22 that carved out exceptions to California’s AB5 legislation has been deemed unconstitutional by a California judge. Under Proposition 22, which passed in November of 2020, delivery and driver gig workers did not fall under a test to determine independent contractor status outlined in Assembly Bill 5 (AB5). The three-part test, formally known as the ABC test, examined if the workers were free from company control, are not doing work central to the company’s business and have an independently established trade. Gig-employment companies said briefly attempted to […]
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