In the wake of the ever-growing DoorDash IPO, it’s worth taking a look at the big investors who are cashing in on the delivery space. According to finance tracking platform Crunchbase, there’s no singular winner in the space. The closest thing to a big name in the space is the storied SoftBank Vision Fund. The subsidiary of Tokyo-based SoftBank focuses on high-growth and high-impact investments. The firm controls more than $100 billion and has invested in three big-name delivery companies. It invested twice in Uber, three times in DoorDash and […]
Relay Delivery, an East Coast delivery fleet operator, argues restaurants should seek a native solution that doesn’t include working with third-party providers, which its CEO argues is like letting a fox inside the hen house.
Gerard Klass, co-founder of Soul Bowl, is arguably sitting on more big ideas than any other chef in Minneapolis, and he’s well versed in how trends toward off-premises dining can fuel his plans to grow a multi-concept empire.
Glovo stands out as a fairly unique approach to third-party delivery that combines a lot of unique operations from dark kitchens and warehouses to tightly packed pickup centers. At first blush, the company that operates in 22 countries looks a lot like a standard third-party delivery startup. It taps into 46,000 couriers to deliver all manner of goods from thousands of restaurants and retail partners to its reported 7.4 million active customers. But under the hood, the company has combined a lot of the notable novel trends we’re spotting in […]
The expected DoorDash IPO is set for December 8, when the company hits the public markets. It filed a detailed prospectus (S-1) in mid-November (which you can read all about here). In short, the company reported $1.9 billion in revenue and a loss of $149 million in the last nine months. That’s more than double the revenue and less than half the losses of 2019, which is why a COVID-era IPO is such ideal timing for the company. DoorDash and its investors are looking to capitalize on the incredible surge […]
As giant DoorDash finalizes its plans to go public, Uber announced it has officially completed its acquisition of Postmates, perennially the fourth-largest U.S.-based third-party delivery provider.
Two experienced restaurant coaches that are restaurant operators themselves have joined forces to launch Off-Premises Domination, a consultancy focused on helping smaller-scale operators maximize their opportunities in the realms of takeout, delivery, drive-thru and catering, among others.
With the explosion of virtual operations in response to the pandemic, it bears asking: what is peak virtual restaurant? According to panelists in a session of the Restaurant Finance Monitor’s Restaurant Finance Week, we aren’t even close. The panel, titled The Economics of Virtual Restaurants, explored the space from a lot of different angles. As for the big question about economics, that depends. According to Kristen Adamowski, strategic initiatives lead, virtual restaurants at Uber Eats, there is a lot of variation between brands, markets and operators. She looks to one […]
Your Fare continues a busy year with two transformational acquisitions. The Austin-based order integration and logistics company acquired Pronto, an online ordering solution for restaurants. The acquisition comes on the tails of Your Fare purchasing Beyond4, a SMS and loyalty app. Both deals were announced last week. Your Fare founder and CEO Chris Monk said both help build out its one-stop suite of offerings under the Your Fare umbrella, one that is especially suited for smaller chains and independent operators struggling to develop their technology to manage through COVID-19. “Both […]
Olo, the New York-based delivery integration and ecommerce platform, announced a range of upgrades to help restaurant clients improve operations and guest safety as digital ordering and delivery volumes continue to grow.
