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DoorDash sued Olo in March, claiming that the b2b software company was overcharging them
Third-party delivery company DoorDash and b2b software company Olo have reached an agreement worth $25 million in credit after DoorDash filed a lawsuit against the company last month, according to an 8-K filed with the Securities and Exchange Commission on Thursday. Both companies have also agreed to settle and dismiss DoorDash’s legal claims.
DoorDash’s original lawsuit, filed with the New York State Supreme Court on March 31, accused Olo of fraudulently charging them higher fees than their competitors, a claim that was discovered last year when the company acquired former competitor Caviar and noted that their delivery fees were “significantly lower” than DoorDash’s.