by Nicholas Upton | Oct 25, 2018 | Finance, News
Grubhub, the first public company in the third-party delivery space, announced its third-quarter earnings today. The company announced earnings of 45 cents per share, beating consensus from Wall Street of 41 cents per share, a 10 percent beat. Topline revenues rose by...
by Nicholas Upton | Oct 10, 2018 | Finance, News, Third-Party Delivery, Top Stories
More money keeps flowing into the delivery space, this time Goldbelly grabbed the attention of restaurateur Danny Meyer and his young fund Enlightened Hospitality Investments. Goldbelly was founded in 2012 in New York with the purpose of getting “legendary foods” to...
by Nicholas Upton | Oct 8, 2018 | Briefs, Finance
Just how excited are investors about the ghost kitchen industry? Well, according to Kitchen United CEO Jim Collins, they are pretty eager. “I think we opened and closed the round in about two days,” said Collins. The outcome of that fervent desire for ghost kitchens...
by Nicholas Upton | Sep 18, 2018 | News, Scoreboard, Third-Party Delivery, Top Stories
Postmates is the name of the week when it comes to investments. The third-party delivery provider announced a $300 million investment form Tiger Capital today. According to a press release, the new funds will go toward growth and investments in efficiency. With this...
by Nicholas Upton | Aug 9, 2018 | Finance, Third-Party Delivery
During a very rosy earnings call, Grubhub announced it would acquire LevelUp for $390 million. The loyalty, marketing and mobile payment company provides Grubhub with a lot of loyalty, CRM and marketing benefits. But at the core of the acquisition was LevelUp’s point...
by Nicholas Upton | Jul 13, 2018 | Finance, News, Third-Party Delivery, Top Stories
Wealth management and equity research firm UBS put out a thorough look at the food delivery world and its possible futures. The report, dubbed “Is The Kitchen Dead?” digs into the answers from more than 13,000 consumer surveys and detailed data analysis from apps and...
