CONTACT
ao

DoorDash Buys Food Delivery App Caviar from Square in $410 Million

By Anand Prakash | August 2, 2019
DoorDash Buys Food Delivery App

DoorDash, the food delivery service that brought McDonald’s Chipotle and Wendy’s to your doorsteps has entered into an agreement with payment platform Square acquiring its food delivery app Caviar. 

The payment company Square announced during its second-quarter earnings that it is selling its on-demand app development delivery service Caviar to DoorDash for $410 million. The acquisition that took place is the combination of Cash and DoorDash preferred Stock.

Square CEO Jack Dorsey, who also runs Twitter, said – “We have seen a lot of opportunities to strengthen both these ecosystems but those opportunities require more focus and more investment” and further added – “To increase our focus, we decided to sell our Caviar business to DoorDash.”

The acquisition is poised to be a profitable move onDoorDash business revenue model that will now get access to the restaurant and user base that Caviar operated in. To streamline the food ordering process on the customers’ front, DoorDash would integrate Caviar’s listings into the main DoorDash app to offer more services to the customers.

Validating the move of buying its rival, DoorDash CEO Tony Xu said in a statement- “We have long-admired Caviar, which has a coveted brand, an exceptional portfolio of premium restaurants and leading technology. The acquisition further enhances the breadth of our merchant selection, enabling us to offer customers even more choice when they order through DoorDash. We look forward to welcoming the Caviar team to DoorDash and expanding our partnership with Square in the future.”

In terms of the market share, DoorDash had tasted its fair share in the market even before the acquisition. According to one of the analytics companies Second Measure, more people used DoorDash last month as compared to any other food delivery companies. 

And this relatively good presence and demand in the market helped the company earn over 34% of all U.S. meal delivery sales compared to top food delivery apps like GrubHub.

A Quick Background of Caviar and DoorDash

Caviar first launched in San Francisco in 2013, aimed to offer premium experience as compared to other food delivery platforms leading at the time, like Grubhub and Seamless.  

To bring in something new in the market, Caviar became the first food-delivery platforms to employ its own ‘food messengers’ instead of relying on the restaurants’ delivery drivers. 
DoorDash founded in 2013 is an on-demand food delivery service along with smoothmobile app onboarding.It is one of the several technology companies that use logistics services for offering food delivery from restaurants on-demand. In the 6 years of its existence, the company has expanded to 56 markets and more than 600 cities across North America.


Anand Prakash

Leave a Reply

Your email address will not be published.

Our Latest Blog

what is runtime application self-protection
What Is RASP- Runtime Application Self-Protection?

Runtime Application Self-Protection, or RASP, is a cutting-edge security solutio...

Read more
digital-product-development company
How To Avoid Common Mistakes When Validating Digital Products Ideas?

The significance of accurate data is becoming increasingly clear as the percenta...

Read more
what is the difference between apis and microservices
What Is The Difference Between APIs And Microservices?

You've probably heard the phrases "APIs" and "microservices" used when talking a...

Read more

We’re your neighbour

Appventurez is a well known mobile app development company in the USA and India that works to build strong, long-lasting relations with its clients in different locations.

india flag appventurez
India (HQ)

Logix Infotech Park, 1st Floor, Plot No. D-5, Sector 59, Noida, Uttar Pradesh 201301

Inquiries : +91-9899 650980

5 Taunton Place Craigieburn VIC Australia

Inquiries : +1-424-903-8644

Office #216 Regus Tower Bank Street, Doha Qatar

Inquiries : +974-33497259

usa flag appventurez
USA

12501 W Chandler Blvd, Suite 200 Valley Village, CA 91607 USA

Inquiries : +1-424-903-8644

Rimal 5 Jumeirah Beach Residence 2 Dubai

Inquiries : +1-424-903-8644

south africa flag appventurez
South Africa

3 monterrey Complex, 63 Montrose Avenue, Northgate, Johannesburg, 2191

Inquiries : +27 737 810 945

7 Hanover House, Chapel Street, Bradford BD1 5DQ, United Kingdom

Inquiries : +1-424-903-8644

Netherlands flag appventurez
Netherlands

Amstelveen, Netherlands

Inquiries : +31-(0)-61-020-9692

Calle Ambar 2711, Av Victoria, 45089, Zapopan, Jalisco, Mexico

Inquiries : +521 332 393 9998

ghana flag appventurez
Ghana

North Industrial Area, Otublohum Road, Opposite Melcom Plus, Accra, Ghana

Inquiries : +27 737 810 945

appventurez worldwide presence
india flag appventurez
India (HQ)

Logix Infotech Park, 1st Floor, Plot No. D-5, Sector 59, Noida, Uttar Pradesh 201301

Inquiries : +91-9899 650980

5 Taunton Place Craigieburn VIC Australia

Inquiries : +1-424-903-8644

Office #216 Regus Tower Bank Street, Doha Qatar

Inquiries : +974-33497259

usa flag appventurez
USA

12501 W Chandler Blvd, Suite 200 Valley Village, CA 91607 USA

Inquiries : +1-424-903-8644

Rimal 5 Jumeirah Beach Residence 2 Dubai

Inquiries : +1-424-903-8644

south africa flag appventurez
South Africa

3 monterrey Complex, 63 Montrose Avenue, Northgate, Johannesburg, 2191

Inquiries : +27 737 810 945

7 Hanover House, Chapel Street, Bradford BD1 5DQ, United Kingdom

Inquiries : +1-424-903-8644

Netherlands flag appventurez
Netherlands

Amstelveen, Netherlands

Inquiries : +31-(0)-61-020-9692

Calle Ambar 2711, Av Victoria, 45089, Zapopan, Jalisco, Mexico

Inquiries : +521 332 393 9998

ghana flag appventurez
Ghana

North Industrial Area, Otublohum Road, Opposite Melcom Plus, Accra, Ghana

Inquiries : +27 737 810 945

10 Global Offices

Empowering our vision through global exposure.

300+ Worldwide clients

Largest International clients

24 x 7 Availability

Effective support, anytime