Branch, a workforce payments platform that allows restaurants to go cashless and enable digital tips, raised $75 million through a Series C.
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Location services company Radar looks to expand dramatically in the restaurant space after a $55 million fundraise and a new partnership with restaurant logistics giant Olo. The core work of the company is building out exceptionally accurate location services and making it easy for brands and developers to utilize the services. It’s among many geolocation services, but co-founder and CEO Nick Patrick said the company is laser-focused on being “developer first.” “Where we’re really focused is ease of integration,” said Patrick. “There are a lot of other great developer first […]
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Gas prices have always been a leading indicator of economic conditions. In the age of third-party delivery, record prices put a new strain on contract delivery drivers. According to AAA, prices per gallon reached $4.17, the highest price on record, eclipsing the prior record of $4.11 set in 2008. Gas prices have surged since Russia invaded Ukraine, and there’s no indication prices will moderate anytime soon. President Joe Biden announced it would bar imports of Russian oil into the U.S. as another layer of sanctions against the regime. In an […]
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DoorDash is acquiring Bbot, the digital ordering, mobile payment and marketing software provider.
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Starship is on a roll as the robot provider announces $100M raised in the last 30 days.
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Olo has a tendency to announce new moves during the company earnings calls, and Olo’s fourth quarter and full-year 2021 earnings came with two interesting announcements. The company announced it would acquire digital integration company Omnivore and said it would launch Olo Pay this year. The earnings were solid. Olo announced it now had about 79,000 restaurants in the system, more than 500 restaurant brands and 200 technology partners. It also announced it reached 85 million consumers who made transactions on the sprawling payments and logistics platform in the last […]
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As diners return to indoor dining they’re bringing with their newfound desire for the digital restaurant. Similarly, operators who embraced digital with a sliver of desperation early on have seen the value and are now eagerly bringing new digital tools inside. Ziosk, a device and logistics provider known historically for tabletop devices, did a lot of work to embrace off-premises. The company helped partners bring their server tablets and tools outside to cater to curbside customers. For some partners, that was the entry point into a major digital push. “We […]
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The rise of off-premises dining opened up a world of geographic possibilities for restaurants. For some, it’s meant getting into cities. For others, it’s meant getting out of them.
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Enterprise digital order logistics firm Olo (NYSE: OLO) announced it would acquire Omnivore, a platform that allows restaurants to plug in a huge variety of technologies into their point of sale. The announcement came midway through Olo’s fourth-quarter earnings call. Olo founder and CEO Noah Glass said Omnivore would help restaurants become the digital enterprises they want to become. “Restaurant brands are telling us they want to operate as one digital business. They are pulling us into payments and on-premise opportunities. And in order to accelerate the restaurant’s ability to […]
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Grubhub entered the grocery category through a new partnership with Buyk, the New York-based grocery service promising deliveries within 15 minutes.
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