The Economics of Virtual Restaurants
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
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, 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....
In Letter, Zume CEO Outlines Big Pivot
Last week, the food tech industry and VC world was abuzz with yet another SoftBank investment making drastic changes. For in all the bluster and grand statements about Zume in the media last week, the facts around the company that was part pizza company, part...
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.