Mobile payment company Square has acquired food delivery start-up Caviar. Square's CEO Jack Dorsey notes in a blog post that "Caviar's curated, seamless delivery experience is exactly the kind of service we want to provide buyers and sellers." According to Caviar's blog, its "product and service will remain the same" and that it will "operate separately from Square for the time being." It was rumored that the deal between the two companies could be worth $100 million, but no information confirming the exact amount has been released yet.
Back in April, Caviar raised $13 million in funding and currently operates in cities including New York City, Seattle, Washington D.C., Los Angeles, and San Francisco. Square's blog post notes that the company's services are already used by 50,000 restaurants. The mobile payment company also recently launched Square Order, "a new way for customers to pre-order food and drinks for pickup."
· Inside Caviar, a New Premium Food Delivery Service [Eater NY]
· Square Acquires Caviar [Square]
· The Future of Food Delivery [Caviar]
· All Caviar Coverage on Eater [-E-]