DoorDash gets a delivery, buys rival Caviar for $410 million

DoorDash gets a delivery, buys rival Caviar for $410 million

5 years ago
Anonymous $9jpehmcKty

https://www.siliconvalley.com/2019/08/02/doordash-gets-a-delivery-buys-rival-caviar-for-410-million/

The market for Bay Area-based online food delivery companies will shrink a bit: DoorDash is buying Caviar in a deal worth $410 million.

DoorDash Chief Executive Tony Xu announced the acquisition late Thursday in a company blog post. Xu said DoorDash made the deal because of Caviar’s standing in the on-demand food-delivery market and its business philosophy.