Author: Nick Statt
Illustration by Alex Castro / The Verge
DoorDash, one of the leading food delivery startups in the US, has entered into an agreement with payment platform Square to acquire its food delivery app Caviar. The deal, worth about $410 million in cash and DoorDash stock, will see Caviar and its higher-end restaurant partnerships move over to DoorDash’s platform, with Caviar head Gokul Rajaram and his full team working at DoorDash following the acquisition.
The acquisition will consolidate even more of the delivery market under DoorDash, now one of the leading food delivery services in the country. DoorDash competes directly with Uber’s own food delivery arm, Uber Eats, and market leader GrubHub and its network of websites. Caviar, however, was a far less accessible option, as it...
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DoorDash, one of the leading food delivery startups in the US, has entered into an agreement with payment platform Square to acquire its food delivery app Caviar. The deal, worth about $410 million in cash and DoorDash stock, will see Caviar and its higher-end restaurant partnerships move over to DoorDash’s platform, with Caviar head Gokul Rajaram and his full team working at DoorDash following the acquisition.
The acquisition will consolidate even more of the delivery market under DoorDash, now one of the leading food delivery services in the country. DoorDash competes directly with Uber’s own food delivery arm, Uber Eats, and market leader GrubHub and its network of websites. Caviar, however, was a far less accessible option, as it...
Continue reading…
Continue reading...