Food delivery service is set to acquire fellow delivery service Caviar for US$410 million later this year. In a statement, Tony Xu, CEO of DoorDash, said, “We have long-admired Caviar, which has a coveted brand, an exceptional portfolio of premium restaurants and leading technology. The acquisition further enhances the breadth of our merchant selection, enabling us to offer customers even more choice when they order through DoorDash.”
Caviar’s premium delivery portfolio covers major metropolitan areas like New York, Boston, Chicago, Los Angeles, Philadelphia, San Francisco, Washington D.C., Portland and Seattle. These areas will be added to the already extensive range of areas that DoorDash reach.
“Caviar has built a trusted brand with customers and many of the best restaurants,” said Gokul Rajaram, Caviar Lead. “DoorDash has national scale, complementary restaurant selection, a tremendous logistics platform, and a team that shares our passion and commitment to better serve restaurants, couriers, and customers.”