The editors of Franchise Times Corp, (publisher of Franchise Times, the Restaurant Finance Monitor and Foodservice News) are launching a start-up media project to provide insights, news and information to all those innovative businesses that are “profiting at the intersection of food, mobility and technology.”
Could these canoes be Domino’s new delivery fleet?
Raising money
Food delivery start-up Postmates raised $141 million in a financing round led by Founders Fund, a San Francisco VC firm already an investor. Shares were sold at the same price as last year’s round, Bloomberg Technology stated. The additional cash gives the company a valuation of about $600 million, the online story said. Postmates, which currently operates in 44 markets, plans to expand internationally in 2017.
Look out brick and mortar: Executives at two of the industry’s biggest brands—Postmates and DoorDash—suggest the pace of new product offerings, internal tech upgrades, big-brand partnerships and industry consolidation is still accelerating as more consumers and investors adopt the idea that anything can be delivered right to their doors.
At one time “food on demand” and “baby” in the same sentence referred to whether to feed your newborn on a schedule or when he or she demanded it. Now it’s a whole new industry, as local and national start-ups are cranking out organic, farm-to-baby-spoon subscription services for busy, health-conscious parents.
Bite Squad is the only national company to employ its drivers and to focus exclusively on food delivery. How will the self-funded Minnesota company continue to drive sales as it expands to other major metro areas? Keep reading…
For futurists, technology nerds and Google fans, the cool factor of delivering food via drones is off the charts. Just type in an order via kiosk and look to the sky. But for restaurant operators hoping to dispatch delivery drones, the Chipotle test is a testament to how far the industry has to go until service by drones is feasible.
By Nicholas Upton
How much does a third-party delivery cost? Well, it depends who you ask and how good their contract is. Of all the transparency and data that technology brings to the restaurant industry, what exactly the fees are for restaurants is pretty murky.
It’s that time of year again: leaves falling, temperatures chilling and, once again, Domino’s is the star of the quarterly earnings show. On the eve of my trip to the pizza giant’s headquarters in Ann Arbor, Michigan, I’m writing questions and wondering if this high-tech pizza brand can be stopped in light of its 22 consecutive quarters of positive sales growth. In reporting its Q3 ‘16 financial results, Domino’s reported same-stores up 13 percent during the quarter, very strong international sales growth—91 consecutive quarters of int’l SSS growth—store growth of […]
By Nancy Weingartner For three and five years, respectively, Tristan Jimerson and Daniel Laeger-Hagemeister delivered sandwiches freakishly fast for Jimmy John’s. No one, Jimerson says, has delivery as dialed in as Jimmy John’s. Since the delivery zone for each store is small, their sandwiches sometimes rode in cars, sometimes in messenger bags via bicycles. “Jimmy John’s was our training,” he says. The two have taken that knowledge and passed it on to a fleet of former bike couriers who as victims of the shrinking demand for couriered legal work thanks […]
By Laura Michaels Companies everywhere are claiming they’re the Uber of their particular industry—from flower delivery to laundry, and even medical marijuana. So when the real Uber decides it’s going beyond its ride-hailing app to other on-demand global markets, people notice. Could there soon be an Uber for everything? Jason Droege, whose actual title is Head of UberEverything, confirms the company is in a unique position to leverage its extensive logistics network as its UberEats and UberRush delivery services expand to new markets. “We saw the rise from a consumer […]
