Pepsi is getting into the virtual restaurant scene with Pep’s Place, its first virtual restaurant brand that’s part of an initiative highlighting how beverages can become a larger part of the restaurant delivery experience.
Round Table Pizza has been slinging pizza since 1959 with delivery part of the concept for decades. Now, for the first time, a franchisee is operating with no storefront out of a shared-kitchen facility.
Cartwheel, an on-demand delivery management platform for restaurants and retailers, raised a $1 million seed round led by TenOneTen Ventures with participation from Act One Ventures and Portillo’s Hot Dogs.
Amazon has expanded its unique In-Garage Grocery Delivery service to the 5,000 cities where its existing grocery delivery service is already available.
Grubhub is giving small, independent restaurants the same kind of technology that’s long been available to big-name restaurants through its new, self-service Grubhub Direct platform.
After losing $968 million last quarter, Uber delivered improved first quarter earnings with a net loss of $108 million that was a “tremendous improvement” from the fourth quarter of 2020.
Square is joining the booze-delivery craze with a new feature that gives its sellers the ability to offer commission-free, on-demand alcohol delivery.
Olo continued its post-IPO victory lap after posting its first quarterly earnings results as a public company. The delivery integration and logistics company for enterprise restaurants had a lot of great highlights from the first quarter of 2021. Revenues were up 125 percent year-over-year to $36.1 million. Gross profit was up 150 percent, suggesting the company did things more efficiently as it scaled up. Overall, earnings per share came in at 3-cents, well ahead of the 1-cent expected by analysts. As for the final tally on the IPO, the company […]
One of the most intriguing aspects of virtual restaurants is the ability to scale at a pace unseen outside of Silicon Valley. MrBeast Burgers went from 0 to 400 nearly overnight and, now, Wow Bao is looking to grow even faster through virtual channels. Geoff Alexander, the president and CEO of Chicago-based Wow Bao, said the brand is looking to more than double MrBeast’s pace, scaling dramatically from its current base of 250 virtual outlets serving the brand’s steamed buns. “We have the moonshot goal of 1,000 units at the […]
Back in 2019, things were going really well at Boston-based corporate catering provider Alchemista. Founder and CEO Christine Marcus was partnering with restaurants to bring great food to catering clients and had just invested in a robust culinary team to handle massive catering events. Then COVID happened. “We added our culinary in-house team, so we didn’t just work with restaurants because we have some very large customers like Moderna, where we feed 600 people five days a week—very few restaurants can do that. That was the impetus to have our […]
