DoorDash to Acquire Wolt for $8 Billion
Consolidation continues in the delivery sector. DoorDash announced it has agreed to acquire Wolt (pronounced “volt”), a Helsinki-based delivery firm in an all-stock transaction that values the company at approximately $8.1 billion. If the proposed merger goes through,...
Gorillas Raises “Close to” $1 Billion, Led by Delivery Hero
Gorillas, the German delivery startup promising groceries in ten minutes or less, announced it closed its Series C funding round on Tuesday. The company raised “close to” $1 billion at a valuation of $2.1 billion. The news comes just seven months after the company...
DoorDash Launches $1M Disaster Fund, New Ad Offerings
DoorDash announced a $1 million restaurant disaster relief fund and new advertising tools to help restaurants reach new customers through self-serve Sponsored Listings. Both were unveiled during the delivery provider’s annual Main Street Strong Restaurant Conference....
Business Models at Odds in the Digital Grocery Business
Like restaurants, grocers are struggling to find a happy medium with third-party delivery providers as more of the North American grocery market moves online. While grocery stores encourage more profitable native ordering and customer pickup, new entrants are testing...
Outstanding Operators
Food On Demand Outstanding Operators features restaurant brands with innovative operations that are taking creative paths to success with delivery and all things off-premises.