Category: Restaurant Tech
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Two Good Yogurt today announced a new food waste initiative the company has launched in partnership with Chef Marcus Samuelsson and food rescue company Full Harvest. The partnership aims to get more restaurants to cook with rescued produce in their kitchens, according to a press release sent to The Spoon. Chef Marcus Samuelsson will lead…
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Here’s a concept that seems stupidly simple but is actually a technologically complex feat: letting customers order from multiple virtual restaurants with a single digital transaction. As ghost kitchens multiply, the idea of housing multiple restaurant concepts under one roof grows ever-more commonplace, be it Kitchen United’s Mix platform, Crave Collective’s virtual food hall or…
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“Ordering was becoming something of a commodity,” Adam Brotman, CEO of Brightloom, told me over a recent video chat. Data, he said, is “a bigger, more interesting opportunity than just ordering, so we decided to focus on just the opportunity to design an easy to use affordable data science as a service.” But information about…
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Delivery service Glovo announced today it has raised €450 million (~$528 million USD) in Series F funding. The round was led by Lugard Road Capital and the Luxor Capital Group, with participation from returning investors Delivery Hero, Drake Enterprises, and GP Bullhound. Barcelona, Spain-based Glovo says that this fundraise — its largest to date —…
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This shift towards delivery and other off-premises formats was already underway. Back in 2019, the National Restaurant Association predicted that by 2030 off-premises would drive most of the growth for restaurant sales. Suffice to say, the pandemic sped that timeline up. In the words of Ordermark’s cofounder and CEO Alex Canter (whose family also owns…
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E-commerce platform Squarespace announced today it has acquired Tock, an online platform for managing reservations, tables, takeout, and more, for $400 million. The deal is a mix of cash and stock, according to a press release from Squarespace. Chicago, Illinois-based Tock’s extensive feature list includes reservation, waitlist, and table management, event management, and, more recently,…
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Ghost kitchen/virtual restaurant network C3 (Creating Culinary Communities) today announced a partnership with apartment operator Akera Living to place ghost kitchens inside the latter’s Kenect communities. Kenect bills itself as a combination coworking space, social club, and residential community that’s become increasingly popular in urban settings over the last few years. Since the idea seems…
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Ghost kitchen provider iKcon announced over the weekend that it has raised $20 million in Series A funding. The round was led by Mohamed Yousuf Naghi Group, AlTouq Group, Derayah Ventures, B&Y Venture Partners, AbdulMohsin Al Houkair Holding Group, and Nazer Group. and brings iKcon’s total funding to date to $32 million. Dubai-based iKcon, which…
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A total of 10.2 percent of all U.S. restaurants have permanently closed since the start of the pandemic, according to new research from food industry intelligence firm Datassential. The report finds that of the 778,807 restaurants of all types in the U.S. that were open at the start of the COVID-19 pandemic, 79,438 have closed…
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This is the web version of our Restaurant Tech newsletter. Sign up for the best news and analysis of the alternative protein market. U.K.-based Deliveroo is the latest third-party delivery service getting ready to debut on the public market, with plans to go public in early April. As usual, the move comes with the standard buffet of…
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Ahead of Deliveroo’s initial public offering next week, six major investors in the U.K. say they will not buy shares of the third-party delivery service, citing concerns over the way the company treats workers. Additionally, hundreds of couriers plan to refuse making deliveries when the company starts trading next week, according to a report from Bloomberg.…
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Bluestone Lane, a coffee chain known for healthy eats and Australian hospitality, announced this week it is expanding beyond major urban centers in the U.S. and will be in suburban locations around the country by the end of 2021. The chain, founded in 2013 and headquartered in New York City, currently operates more than 50…
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