Category: Restaurant Tech
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Fast-casual chain Sweetgreen announced today that it plans to make its business carbon neutral by 2027. The company says it will achieve this through its decisions around ingredient sourcing, building design, and energy usage, among other things. To reach this goal, Sweetgreen worked with climate-focused company Watershed, which makes software that can measure a business’s…
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Yelp today announced a bundle of new features that will, according to a company press release, “help restaurants’ front-of-house operations.” Among those new features is one aimed at improving operations around takeout orders by extending the capabilities of Yelp’s existing Waitlist tool. Waitlist has been in Yelp’s restaurant tech arsenal for a few years. Up…
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Restaurant SaaS platform Olo filed its S-1 prospectus with the SEC late Friday and hopes to raise $100 million in an initial public offering. A representative for Olo confirmed this news to The Spoon today. Olo is best known for its software platform that consolidates digital orders coming from different channels (web, kiosk, mobile, etc.)…
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Restaurant tech company Toast is planning an initial public offering, sources familiar with the matter told the Wall Street Journal over the weekend. These people suggested an IPO could value the company at around $20 billion, and that Toast approached Goldman Sachs Group Inc. and JPMorgan Chase & Co. to underwrite a possible listing later…
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New bits over the last couple weeks have sent my brain right back to college — specifically to the college dining hall, where myself and others (everyone) used to steal food to take back to our dorms to eat between meals. OK, I’m not sure that actually classified as stealing, since we were all on…
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Chartwells Higher Education, a foodservice management company, announced today it has launched its ghost kitchen program for college and university campuses. Chartwells has already piloted the program at a handful of schools, including Seattle University, SUNY Buffalo State College, the University of Utah, the University of Texas at Dallas, and San Jose State University. Working…
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Ernst & Young will conduct an independent audit of the new technology fees McDonald’s assigned to franchisees at the end of 2020, according to a report from Business Insider. The review, requested by a group of McDonald’s operators called the National Franchisee Leadership Alliance, will look into the $423-per-month technology fee McDonald’s announced in December…
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MealMe, a company known for its app that aggregates and compares all the major restaurant delivery apps, is headed to the college market. It will soon launch at Syracuse University and is currently available at Indiana University. The MealMe app, which the company calls “search engine for food delivery,” compares the various delivery apps like…
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Consumers spent $769 billion ordering food from restaurants last year, according to a new report from Paytronix and PYMTS. Takeout orders accounted for $486 billion, or 63 percent. of those sales. The report, based on a survey of U.S. consumers, is the latest in Paytronix’ ongoing “Delivering on Restaurant Rewards” series. Paytronix, of course, has…
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A few weeks ago, I looked at some of the top elements QSRs will need in order to stay ahead in the current craze for off-premises meal formats. “More curbside pickup spots” was top of the list, but of late I’m starting to think restaurants will need more than just a parking spot to make…
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Uber unveiled its earnings this week for the fourth quarter of 2020. Its food delivery business remains the strongest part of the business, a point hardly surprising since we’re still in the midst of a pandemic and restaurant dining rooms remain closed in many places. A few of the latest stats, according to the company…
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Flipdish announced that it has raised €40 million (~$48.5 million USD) from Tiger Global Management to expand its software platform that lets restaurants create their own branded digital properties instead of having to rely on third-party platforms for online orders. The company said today in a blog post that it will use the new funds…
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