Postmates has secured $300m through an additional venture capital funding round led by Tiger Global Management.
Postmates is an on-demand food delivery service provider based in the US.
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The latest funding has brought the total company’s value to approximately $1.2bn. Tiger Capital’s partner Scott Schleifer will serve as the director of Postmates.
Postmates intends to invest the funds on automation, technology team and platform to improve the efficiency of its delivery network, as well as expand its offerings.
GFS Group has secured a $152m foodservice sub-contract from the US Marine Corps Regional Garrison.
The eight-year contract will become effective from 1 October 2018 and terminate in September 2026.
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By GlobalDataBased in Guam, GFS is a food and facilities company and also operates concept restaurants such as Chuck E. Cheese’s, Ruby Tuesday and other fast-food franchises.
Global foodservice and facilities management firm Sodexo will be the prime contractor.
GFS will offer mess hall services in Continental US, as well as 28 million meals annually for both the east and west coast regions, under the contract.
Spyce has secured $21m through a Series A funding round led by Collaborative Fund and Maveron.
The funding round has also involved participation from Khosla Ventures, along with chefs Thomas Keller, Jerome Bocuse and Gavin Kaysen, as well as culinary director Daniel Boulud.
Founded in 2015, Spyce is a US-based robotic-powered restaurant founded by four MIT graduates in partnership with chef Daniel Boulud.
The restaurant will use the funds to open new restaurants on the East Coast and develop its robotic culinary platform.
Applebee’s Neighbourhood Grill + Bar has joined forces with DoorDash for offering better customer experience.
Based in the US, Applebee’s Neighbourhood Grill + Bar is one of the largest casual dining brands in the world.
Applebee’s point-of-sale system will be integrated with DoorDash to rapidly scale additional Applebee’s restaurants. The integration will also enable the company to update menu changes, item availability and limited time offers.
Customers can select from the restaurant’s regular and limited time menus, as well as customise their orders via DoorDash’s website or mobile app.
DoorDash will also enhance the customer experience by removing manual touchpoints in the delivery process.
FAT Brands has collaborated with franchise partner Gregg Wright for launching the first Fatburger and Buffalo’s Express co-branded restaurant in Arizona, US, in late-2018.
The new co-branded restaurant will serve offerings from both brands including The Last Great Hamburger Stand range of Fatburger.
FAT Brands is a global franchising company involved in the acquisition, marketing and development of fast casual and casual dining restaurant concepts around the world.
Allplants has raised £7.5m ($9.86m) through a venture funding round led by Octopus Ventures.
The funding round has also involved participation from Felix Capital and Jack Harries.
Based in the UK, Allplants is a delivery service for frozen meals, while Octopus Ventures is a venture capital firm.
Hyde Park Ventures has acquired 16 franchises of Five Guys Enterprises for an undisclosed sum.
Hyde Park Ventures is a private investment management firm, while Five Guys is a restaurant chain operator. Both the companies involved in the transaction are based in the US.
Five Guys operates restaurants across Canada, the US, France, Republic of Ireland, Kuwait, Qatar, Saudi Arabia, the UAE, the UK and Spain.
Fifth Third Bank has offered debt financing for the transaction.
Goldie’s Coffee & Donuts has raised $0.15m through an equity offering.
Based in the US, Goldie’s Coffee & Donuts is a restaurant that offers freshly baked items.
Haazri has secured Rs12.5m ($0.17m) through a seed funding round from Artha Venture Fund.
Founded in 2016, Haazri is a quick service restaurant start-up, which offers tea, coffee and snacks for customers in India.
