DoorDash is buying Caviar from Square in a deal worth $410 million

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Aug 1 33 Comments

https://techcrunch.com/2019/08/01/doordash-is-buying-caviar-from-square/

"DoorDash has reached an agreement with Square to purchase on-demand food delivery and catering business Caviar. DoorDash has agreed to pay Square $410 million in cash and preferred DoorDash stock.

Square bought Caviar about five years ago in a deal worth about $90 million. Now, Caviar has found a new home with DoorDash, the on-demand delivery startup that had been under fire for months regarding how it pays its delivery workers. DoorDash finally did right by its workers just last week."

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TOP 33 Comments
  • I feel like we should be aggressive and buy post mates and Grubhub in response
    Aug 1 13
    • Amazon broke&dumb
      @qpxktb
      That's a joke today, could become reality tomorrow.
      Happens in tech all the time. Verizon bought Yahoo after all.
      Aug 1
    • Uber / Eng
      @w@

      Uber Eng

      PRE
      Capital One
      @w@more
      @Postmates don't act like working with Basti is a treat. He's completely insufferable.
      Aug 1
    • Expedia Group hanapa
      Uber can’t afford Postmates and Grubhub is bigger than UberEats lol you’re not buying shit 😂
      Aug 1
    • DoorDash iSIj12
      Uber has any cash?
      Aug 1
    • DoorDash / Eng dasha8777
      none left so they're firing😅
      Aug 2
  • Uber uZ9mM
    I had forgotten about Caviar. Does anyone use them any more?
    Aug 1 3
    • Postmates EgJA67
      They have 5% national market share but with the acquisition DD owns the Bay Area
      Aug 1
    • Uber wfhj
      Yes people use them in the Bay Area. People from Uber are very biased because they have free Uber credits.
      Aug 1
    • Uber
      coprende

      Uber

      PRE
      Apple
      coprendemore
      They’re my Souvla button pretty much
      Aug 1
  • Uber vsafurfh
    Cavaier provides group ordering and that's a killer feature ! Uber eats sucks!
    Aug 1 1
    • DoorDash hqt1
      So does DoorDash
      Aug 1
  • Square / Eng TransferMe
    Pour one out for our fallen comrades.
    Aug 1 0
  • Square / Eng owIW55
    15% off Door Dash via Cash App BOOST, btw
    Aug 1 0
  • Twilio / Creative ParatoWine
    Heard post mates was trying to sell to doordash but Caviar has bigger market share than them so that makes sense.
    Aug 1 1
    • DoorDash M7sU5jQi
      Caviar doesn’t have bigger market share than postmates.
      Aug 1
  • Uber exCTO
    Caviar is probably the delivery service with the greatest profit potential because they focus on businesses/catering.
    Aug 1 0
  • Microsoft Anankaie
    Well, I used to use Caviar. Unfortunate to hear DoorDash bought them.
    Aug 1 0
  • Oath Atinlay2
    Layoffs coming!
    Aug 1 2
    • DoorDash lpokij
      How are things at oath/vz media?
      Aug 1
    • Uber didify
      So jelly @lpokij...
      Aug 1
  • DoorDash iSIj12
    Postmates think they worth a lot but actually not. No one will buy.
    Aug 1 1
    • GrubHub grubster
      Postmates is a shit show. And as arrogant as it gets.
      Aug 6
  • Google / Eng
    proletaria

    Google Eng

    BIO
    Workers of the world, unite!
    proletariamore
    That explains why I saw Jack Dorsey at Square HQ today. Caviar team prolly not too happy eh...
    Aug 1 1
    • Uber thu1
      They had earnings call that day as well
      Aug 2

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