In a surprising move, Zomato has officially pulled the plug on its intercity food delivery service, ‘Zomato Legends,’ effective August 22, 2024. This decision comes after two years of attempts to find a viable market fit, which ultimately proved unsuccessful despite various strategic adjustments. Launched in August 2022, Zomato Legends was designed to offer consumers […]
Amazon (NASDAQ: AMZN) and Grubhub (LSE: JET, AMS: TKWY) have announced a significant partnership that aims to streamline restaurant delivery services for Amazon customers across the U.S. Starting May 30, Amazon customers can order from hundreds of thousands of restaurants directly through Amazon.com and the Amazon Shopping app, integrating Grubhub’s extensive restaurant network into Amazon’s […]
Aramark acquisition of Good Uncle : Aramark, a provider of food, facilities management, and uniforms, has acquired college food delivery service Good Uncle for an undisclosed price. Good Uncle is an app-based on-demand food delivery service that delivers meals that are freshly prepared and restaurant-quality to conveniently located pick-up points near college campuses. Launched in […]
DoorDash acquisition of Caviar : DoorDash, a San Francisco-based on-demand food delivery service, has agreed to acquire food ordering platform Caviar from mobile payment company Square for $410 million in a cash-cum-stock deal. Founded in 2012, Caviar was acquired by Square about two years later. The food ordering platform, which operates in hundreds of cities in […]
Oisix acquisition of Purple Carrot : Japanese meal kit and organic food delivery service Oisix ra daichi has agreed to acquire US plant-based meal kit company Purple Carrot in a deal worth up to $30 million. Launched in 2014, Purple Carrot supplies fresh, pre-portioned ingredients to its subscribers across the US along with easy step-by-step […]
California-based food delivery service provider DoorDash raised $400 million in Series F financing led jointly by Singaporean investment company Temasek and Dragoneer Investment Group. The latest funding round gives a valuation of $7.1 billion to the US food delivery service which is currently available to 80% of Americans with plans to cover every postal code […]
Grubhub, the Chicago-based online food ordering company will acquire Yelp’s food delivery service Eat24 business for $287.5 million in an all-cash deal. Along with the transaction, Grubhub and the online business directory Yelp have forged a long-term partnership agreement which would begin from the time of closing of the Eat24 acquisition by the online food […]