Denny’s (Nasdaq: DENN) is on track to be a virtual restaurant leader as it rolls out two delivery-only concepts to almost its entire network of 1,700 restaurants across the country. CEO John Miller said in a recent earnings call and appearance at the ICR Conference that the brand was rolling out two concepts: The Burger Den and The Meltdown. “The first of these is called The Burger Den,” said Miller. “This concept allows us to focus on one of our strengths, great burgers with new varieties using ingredients already in […]
Deliveroo, one of Europe’s largest restaurant-delivery services and one which is backed by an investment from Amazon, announced plans to go public on the London Stock Exchange in a listing that could value the British food-delivery firm at around $7 billion and mark the biggest new share issue in Britain in three years.
Guy Fieri’s Flavortown Kitchen is the latest celebrity-backed virtual restaurant from Virtual Dining Concepts (VDC), and since its rollout in early 2021, Flavortown Kitchen is already up to approximately 160 locations.
Albertsons Companies has partnered with Tortoise, an automated logistics company focused on last-mile solutions, to pilot its remote-controlled, zero-emission delivery cart in Northern California.
Dragontail Systems, a restaurant technology and software provider, has teamed up with Valqari, a Chicago-based drone delivery startup, to use autonomous drones to drop orders at remote landing zones.
Point-of-sale provider ParTech has added functionality for Lunchbox, a fast-growing provider of restaurant delivery integration and marketing software, into its Brink POS platform.
Frato’s Pizza & Catering in Chicago, isn’t just experimenting with direct sales and virtual concepts to survive the pandemic. It’s also with culinary students to provide real-world experience that’s not part of most culinary coursework, including creating virtual brands.
Less than three months after Uber finalized its deal to acquire Postmates, the combined entity is spinning off Postmates’ robotics division as an independent company, now called Serve Robotics. Along with that announcement came word that Serve Robotics closed its first round of funding, led by venture capital firm Neo with participation by Uber and other investors.
Hungr, a San Diego-based order management and restaurant-delivery service, is the latest company striding into the virtual restaurant space with its new offering, Hungr Kitchen, which is launching with a stable of eight delivery-only brands aimed at existing restaurant spaces.
Instacart raised another $265 million from investors, sending the grocery delivery company’s valuation to just shy of $39 billion. This represents the fourth raise during the pandemic and doubles the valuation for the second time in the last year. The company raised $225 million in June of 2020, $100 million in July and $200 million in October. The latest raise brings the grand total to $790 million raised over the last year and pushed company valuation from about $8 billion to $38.7 billion in that same timeframe. It’s an exceptional […]
