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May 13, 2021 Los Angeles-based Cartwheel, an on-demand delivery management platform for restaurants and retailers, has raised a $1 million seed round led by TenOneTen Ventures with participation from Act One Ventures and Portillo s Hot Dogs, along with angel investment from additional restaurateurs, according to a company press release. Cartwheel allows brands to launch a self-delivery program alongside their third-party partners, and its turnkey offering includes a driver app, dispatch tools for managers and customer interaction functionality. With more than 60 Portillo s locations nationwide and the highest average unit sales volumes in the fast-casual industry, we have a lot of deliveries to manage. It s important that our brand is well-represented, Michael Osanloo, Portillo s CEO, said in the release. Cartwheel enables us to use our team members to deliver our highest-value orders, cross-training our team members so that they can become drivers for our own fleet ....
Share this article LOS ANGELES, May 13, 2021 /PRNewswire/ Cartwheel, an on-demand delivery management platform for restaurants and retailers, announced today that it has raised a $1 million seed round led by TenOneTen Ventures with participation from Act One Ventures and Portillo s Hot Dogs, along with angel investment from additional restaurateurs. The funds will be used for product development, partnership integrations, and team expansion. On-demand delivery is a requirement in today s market, and many businesses struggle to decide between outsourcing, which is convenient but can be expensive, and building their own in-house platforms, which gives brands control over the customer experience but is more operationally involved. Cartwheel offers the best of both options, allowing brands to launch a self-delivery program alongside their third-party partners, saving on costs and strengthening brand loyalty. Cartwheel s turnkey offering includes an easy-to-us ....
Platform adds new 100% digital concepts as it posts earnings growth in first quarter since March IPO Olo Inc., the on-demand commerce platform for multi-location restaurants, sees a robust future for virtual brands such as celebrity chef Guy Fieri’s Flavortown Kitchen and actress Gwyneth Paltrow’s Goop Kitchen, CEO Noah Glass said Tuesday. Register to view the full article Register to view this article ....
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Olo Inc. - OLO April 24, 2021 22:09 ET | Source: Pomerantz LLP Pomerantz LLP New York, New York, UNITED STATES NEW YORK, April 24, 2021 (GLOBE NEWSWIRE) Pomerantz LLP is investigating claims on behalf of investors of Olo Inc. (“Olo” or the “Company”) (NYSE: OLO). Such investors are advised to contact Robert S. Willoughby at The investigation concerns whether Olo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On March 31, 2021, media outlets reported that the third-party delivery company DoorDash Inc. (“DoorDash”) had filed a lawsuit accusing Olo of fraudulently charging DoorDash higher fees than its competitors, alleging breach of a 2017 contract between the two companies. On this news, Olo’s stock price fell sharply, damagi ....
Kailas Salunkhe- April 23, 2021, 7:53 AM EDT SHARE ON: Olo Inc has resolved its contract dispute with DoorDash and has agreed to terms of a multi-year agreement. Olo Inc ( OLO) provides a Software-as-a-Service(SaaS) platform for multi-location restaurants in the U.S. The company listed on March 17. DoorDash operates a logistics platform and marketplace that helps merchants at different stages of customer acquisition, delivery, analytics, payments as well as with customer support. The new agreement between the two companies will enable them to work together on developing products and features, in turn, unlocking value for both themselves and their shared merchant base. ....