Category: Restaurant Tech
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Wow Bao’s partner kitchen program, which lets other restaurants make and serve its food products, will reach 1,100 locations by the end of 2021, up from 150 now, according to a press release from the company. The anticipated milestone highlights another format of virtual restaurant emerging as restaurants take more business off premises. Via the…
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Restaurant tech startup Bbot announced today it has closed a $4 million seed extension funding round, bringing its total funding to $7.3 million. The seed extension round was led by Rally Ventures with participation from existing investor Craft Ventures, according to a press release sent to The Spoon. The round follows Bbot’s $3 million fundraise…
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Miso Robotics, the company behind Flippy the cooking robot, announced today that it raised $17 million during its equity crowdfunding campaign from April through November of last year. In its press announcement, Miso said that its campaign was the highest-grossing technology deal ever on the SeedInvest equity crowdfunding platform. The $17 million was only a…
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Uber has laid off about 15 percent, or roughly 185 people, from its Postmates division, according to a report this weekend from the New York Times. The layoffs come just a couple months after Uber completed the $2.65 billion acquisition of the rival delivery service. The NYT noted that the cuts are part of the…
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This is the web version of our weekly restaurant tech newsletter. Sign up today to get updates on the rapidly changing nature of the food tech industry. The “next-generation” restaurant format isn’t new, as QSR brands like Dunkin’ and McDonald’s can attest. But the restaurant industry’s sudden and in many ways irrevocable shift to off-premises formats in…
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With ghost kitchens now a mainstay in the restaurant biz, it’s only ever been a matter of time before someone took the concept and applied it to the bar scene. Two NYC restaurant owners did just that recently with the opening of Ghost Bar, an online cocktail bar now available to certain parts of Manhattan.…
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The fourth quarter of 2020 was bad for restaurant sales, with December being “the worst month” since July, according to the latest data from Black Box Intelligence, which shared the information in its monthly Nation’s Restaurant News update. By December, same-store sales growth fell to -13.3 percent year over year, while same-store traffic growth clocked…
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Barcelona, Spain-based food delivery service Glovo has inked a deal with Switzerland-based real estate firm Stoneweg. The latter will invest €100 million (~$121 million USD) to help Glovo expand its network of ghost convenience stores. As part of the deal, Glovo will occupy the Stoneweg real estate locations for an unspecified period of time. Stoneweg will…
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Deliveroo announced this week it has raised over $180 million in Series H funding from existing investors. The round was led by Durable Capital Partners LP and Fidelity Management and Research Company LLC. With it, Deliveroo is now valued at over $7 billion, according to an official company statement. The new funds come ahead of…
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This is the web version of our weekly restaurant tech newsletter. Sign up today to get updates on the rapidly changing nature of the food tech industry. When it comes to talking about the year 2020, one of the things third-party delivery services like to say is that they were “a lifeline” for restaurants that might have…
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Fast-casual chain Just Salad has launched a meal kit brand it is calling the “next generation of meal kits.” Dubbed Housemade, the line is available now exclusively via Grubhub, according to a blog post from Just Salad. The standout feature of the new meal kit line (which launched very, very quietly this month), is its…
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It’s pretty remarkable to think of how much food robots have evolved over the three years I’ve been covering them. At the start of that time period, we had Flippy the robotic arm that could grill up burgers, and even that required human help. Fast forward to 2021, and RoboEatz is showing off its fully…
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