The more delivery services the better it seems, at least for Miami-based Pincho Factory, which announced expanded partnerships with UberEats, Postmates and DoorDash as it looks to get its grilled skewers and burgers in the hands of more consumers. The third-party delivery services, along with online ordering from Olo, are rolling out at all 10 Pincho Factory locations this fall. “When seeking delivery providers that best fit Pincho’s needs, we believe we found the winning formula in these great partners who understood the brand and our goals for expanding our […]
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It’s still a land rush in restaurant delivery, with an ongoing rush of major investments, new partnerships and new markets where on-demand delivery is still the new kid in town. The latest news is DoorDash’s partnership with Bringg, the Israel-based delivery operations platform. This new partnership will enable restaurants that use Bringg to seamlessly integrate DoorDash Drive, which is a service that allows restaurants to offer to delivery to customers directly with the restaurant to expand the size and reach of their delivery operations.
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A consumer behavior survey from consulting firm ChangeUp found the growth of restaurant delivery is not hurting dine-in traffic and could even spur visits. The survey of nearly 450 consumers who recently used common third-party delivery options noted 58 percent of those consumers said they eat in a restaurant as often or more often after ordering delivery. “Delivery services like DoorDash, Grubhub and UberEats are opportunities to build incremental sales and do not negatively impact dine-in occasions,” the report said. “It appears that these apps have the potential to convert […]
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More money keeps flowing into the delivery space, this time Goldbelly grabbed the attention of restaurateur Danny Meyer and his young fund Enlightened Hospitality Investments. Goldbelly was founded in 2012 in New York with the purpose of getting “legendary foods” to customers overnight. What constitutes a legendary food? Well, perusing the site is a feast for the eyes made up of classic items like Pat’s Cheesesteaks out of Philadelphia, pizza from the Detroit Style Pizza Company, dessert from Milk Bar or ribs from the St. Louis barbecue institution Pappy’s. It […]
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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 across the country had Google Ventures leading a Series A worth $10 million altogether. Filling out the investor pool were original seed investors, which jumped back in, too, executing on their rights as original investors. For Collins, a serial entrepreneur, the excitement for the company […]
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Matt Maloney, the CEO of Grubhub, has a reputation for generating his fair share of news and commentary. In a new interview with The Wall Street Journal, he said his $12-billion-plus company has a plan behind its recent acquisitions of LevelUp and Tapingo. In another interesting nugget, he said Grub sees 10 times the order volume with zero delivery fees versus the typical $3 charge to consumers.
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Chicago-based Grubhub has acquired campus food ordering Platform Tapingo in a $150 million deal. With more than 150 college campus partners, Tapingo enables order-ahead transactions for more than half a million active diners at on-campus cafes, restaurants and cashier-less stores.
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Bloomberg has reported that Uber might be buying Europe’s Deliveroo, a major player in the continent’s third-party delivery landscape. According to the report, Uber Technologies is in talks to plunk down “several billion dollars” for Deliveroo, citing unnamed people familiar with the potential deal.
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Postmates is the name of the week when it comes to investments. The third-party delivery provider announced a $300 million investment form Tiger Capital today. According to a press release, the new funds will go toward growth and investments in efficiency. With this funding, Postmates will expand its selection advantage; broaden coverage to over 70% of U.S. households by the end of the year; unleash new point-of-sale integration technologies; deploy state of the art API tools (offering white-glove delivery services to non-brick and mortar retail partners at scale); scale social […]
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After attracting a cool $100 million of investor cash to be used to fuel international expansion, the Boston-based ezCater acquired GoCater, a Paris-headquartered corporate catering platform. Shortly after the news broke, we spoke with ezCater Founder Stefania Mallett who said the French acquisition was the first move as the company works to establish further beachheads across Europe. “We have always said we would be international,” she said of the company’s open-book expansion plans. “The people we acquired have proven to be, in just a short time, very capable, very insightful, […]
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