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October 26, 2018

Deals this week: Faasos Food Services, Rubio’s Coastal Grill

Faasos Food Services intends to secure $35m through a venture funding round featuring Sequoia Capital, Sistema Asia Fund and Evolvence.

Faasos Food Services intends to secure $35m through a venture funding round featuring Sequoia Capital, Sistema Asia Fund and Evolvence.

Based in India, Fasoos is a restaurant chain operator, while Sequoia Capital is a venture capital firm.

Rubio’s Coastal Grill has joined Postmates to provide delivery services across the US.

Customers can place orders online or through the Postmates app, with a minimum delivery fee of $1.99.

Founded in 1983, Rubio’s Coastal Grill is a fast-casual restaurant chain, while Postmates is an on-demand food delivery service platform.

TSB has signed a five-year facility management contract with ISS to provide catering services.

Based in Denmark, ISS is a food and hospitality company, while TSB is a retail and business bank in the UK.

The transaction is a part of TSB’s strategy to offer a purpose-led solution for its employees and customers. ISS will provide catering alongside security and reception services at eight corporate sites in the UK from November.

Open Dining has collaborated with ParTech (PAR) to integrate its Brink POS platform.

Based in the US, Open Dining is an ordering platform, while PAR is a restaurant point-of-sale (POS) company.

PAR’s Cloud-based Brink POS software will be connected with Open Dining’s online ordering solution, allowing customers to make orders directly into the Brink POS system.

The new solution will also provide integrated tools for customer acquisition, retention and engagement.

DoorDash aims to expand its delivery operations through a partnership with Bringg.

Based in the US, DoorDash is an on-demand restaurant delivery service, while Bringg is a delivery logistics technology platform.

Restaurants using DoorDash Drive will be able to track deliveries in real-time via the Bringg dashboard. Customers can also manage, track and optimise their orders using the platform.

Kettlebell Kitchen has raised $26.7m through a Series B growth equity funding round led by North Castle Partners.

“Restaurant Brands New Zealand has sold the fixed assets and stock of its Starbucks coffee business to Tahua Capital.”

Based in the US, Kettlebell Kitchen is a premier fitness-focused meal delivery service. It offers prepared dishes and custom meal plans to gym partners.

The company intends to use the funds to improve customer experiences and add further meal plans to its portfolio.

Grab has collaborated with Fave to boost its growth in the south-east Asia market.

The transaction will integrate Fave’s merchant network and FaveDeals platform with Grab’s user base.

Fave’s merchant sales team will work towards adding merchants for GrabFood and GrabPay in Singapore and Malaysia.

Fave will also combine its platform with GrabPay mobile wallet, allowing customers to use digital payments at restaurants.

Both companies also intend to assist small and medium-sized firms to develop their businesses.

Gordon Food Service has entered a partnership agreement with Thrive Farmers International to launch coffee products in the foodservice industry.

Under the deal, Gordon Food Service’s menus will feature Thrive Farmers’ hot and cold brew coffees.

Founded in 1897, Gordon Food Service is a distributor, while Thrive Farmers collaborates with coffee and tea producers and offers their products to the market.

Both the companies involved in the transaction are based in the US.

OpenTable and Virginia Tourism have collaborated to launch a new OpenSeat programme.

Customers will be able to offer empty seats in their restaurant reservations to strangers by selecting the OpenSeat option in the notes section on the booking.

Participating restaurants include Alexander’s, Brine at Mosaic, Little Saint, The Majestic, Mermaid Winery, Pasture, Rappahannock and RockSalt.

Restaurant Brands New Zealand has sold the fixed assets and stock of its Starbucks coffee business to Tahua Capital for $4.4m.

Based in New Zealand, Restaurant Brands is a corporate franchisee that manages multi-site branded food retail chains.

Tahua intends to gain the leases for 22 locations and retain all 300 employees on existing terms and conditions.

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