Curated food delivery startup Caviar is in talks to be acquired by Square in a deal that could be worth at least $100 million, according to several sources. While we’ve heard the deal is slated to take place over the next couple of weeks, these things could always fall apart.
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. It differentiates by striking exclusive delivery deals with high-quality restaurants, and also by offering a group-ordering feature so that customers can have their family and coworkers add their own meal selections simply by sharing a link.
Launching first in San Francisco, the service is now available in other major markets, including New York City, Boston, Chicago, Seattle, and Washington, D.C.
We’ve seen a lot of investment go into the food delivery space over the…
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