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The Economics of Virtual Restaurants

The Economics of Virtual Restaurants

by Tom Kaiser | Feb 3, 2021 | Best Practices, Third-Party Delivery, Top Stories

If you believe the hype, virtual restaurants are a savior for existing restaurants struggling to turn a profit or looking to monetize excess kitchen capacity. For the countless operators now buying into virtual concepts from existing restaurant players,...
Alex Canter Talks Ordermark and Nextbite’s $120M War Chest

Alex Canter Talks Ordermark and Nextbite’s $120M War Chest

by Tom Kaiser | Nov 11, 2020 | Finance, News, Top Stories

As the founder of Ordermark and its Nextbite virtual restaurant platform, Alex Canter has become one of the biggest names in the delivery space. Now that SoftBank has invested $120 million in his vision, Canter’s stature is expanding on expectations that one of its...
SoftBank Doubles Down on Delivery with $120M Ordermark Investment

SoftBank Doubles Down on Delivery with $120M Ordermark Investment

by Tom Kaiser | Oct 28, 2020 | Finance, News

SoftBank, the Japanese private equity firm that has been a major backer of DoorDash and Uber, announced a $120-million funding round for L.A.-based Ordermark to help the online order management provider and virtual restaurant operator grow and expand its offerings....
Just Do It, Young Operators Insist on Best Practices Panel

Just Do It, Young Operators Insist on Best Practices Panel

by Beth Ewen | Apr 10, 2019 | News, Research, Third-Party Delivery

Only 15 to 18 percent of restaurants today offer delivery, declared Alex Canter at the Food On Demand Conference, “which is a huge mismatch compared to 80 percent who are getting delivery. So if you’re not listed on any one of these platforms you don’t exist.” Canter,...
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