Microsoft Announces Windows 10 BlackBerry Launches Passport in India for Rs. 49,990 The World's Slimmest SmartPhone : Gionee Elife S5.1 iOS 8 Has Finally Arrived Apple Unveils iPhone 6 and iPhone 6 Plus
Posted by : Unknown Tuesday, 5 August 2014


Square has acquired curated food delivery service Caviar today, confirming earlier reports that the companies had been in serious talks. We reported last month that the companies were in talks on a deal worth about $100 million. Both Re/Code and The New York Times reported the deal would take place this week, but the reported price now is for $90 million in stock. We’ve reached out to both Square and Caviar, but both companies say they are not disclosing the terms of the agreement. We’ll update if we learn more.

Caviar is one of many new startups that seeks to enable customers to order meals online and have them delivered in a short period of time. The difference is most other food-delivery services tap into an already built-in delivery infrastructure. Caviar provides delivery to restaurants that don’t already offer such a service. Caviar would be able to provide Square, which launched food ordering service Square Order earlier this year, with a way to deliver food from restaurants that don’t already offer the service to surrounding locals.

The food ordering app from Square has only been able to allow users to order food for pickup. The payments company has been on the lookout for something that could bridge the gap between orders and delivery. Caviar has the infrastructure to do that for the app. The acquisition also fits neatly into Square’s other restaurant offerings. Square recently released inventory tracking, an invoicing service and point-of-sale software to its 50,000 restaurants that already use its register service.

Leave a Reply

Subscribe to Posts | Subscribe to Comments

Categories

Designed by Cyber Freak

News Flash


Blog Archive

Powered by Blogger.

Copyright © Cyber Era News. All rights reserved.- Powered by Eravations - Designed by Shantanu Chauhan -