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.
Read MoreChicago-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.
Read MoreBloomberg 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.
Read MoreFeeling a little underpowered? Be careful what you wish for, as a new patent from IBM shows the technology giant wants no yawn left behind as it develops a drone that can detect tired souls and immediately swoop in with a hot cup of coffee. In a patent filed with the U.S. government last month, IBM says coordinating drone-based coffee drops would require a fully autonomous unmanned aerial vehicle connected to an electronic processing circuit that “identifies an individual among the people that may have a predetermined cognitive state based […]
Read MoreAs McDonald’s and Wendy’s continue expanding third-party delivery at a growing number of locations, the mega-chain restaurants are reporting average check sizes 1.5 to two times higher than traditional, dine-in customers according to a new report from Stephens. “We have seen early adopters of third-party delivery attract incremental traffic and penny profits, which we believe is evidence of the pent-up and growing demand for this convenience proposition,” said Stephens Analyst Will Slabaugh. “We believe early successes by most brands are signaling that third-party delivery can be a meaningful piece of […]
Read MoreFoodsby, a Minneapolis-based office catering company, raised $13.5 million in a Series B funding round led by Piper Jaffray Merchant Banking. Greycroft Partners, Corazon Capital and Rally Ventures also participated, and this latest round increases Foodsby’s total raised to $21 million. In a statement, Foodsby’s founder and CEO Ben Cattoor said, “We have established a successful model for new market entry with a tried and true combination of talent and technology. We look forward to building on our early successes and learnings to deliver continued growth for our investors and […]
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