Product update

• Lunchbox , an online ordering software provider, has announced the launch of the “OPEN Payments” ecosystem, a solution that enables restaurants to select their preferred credit card payment processor for all online and mobile app orders. (April 11, 2023; Press release )

• Olo announced the launch of “Olo Connect,” an ecosystem of integrated technology and service partners, powered by the Olo platform, built to provide actionable insights for Olo’s restaurant partners. (April 11, 2023; Press release )

Earnings 

• Just Eat Takeaway reported an 8% YoY drop in gross transaction value (GTV) to EUR 6.6 billion in Q1 2023. The total order volume dropped 14% YoY to 227.8 million within the quarter. The company expects a GTV growth in the range of negative 4% to 2% YoY and an adjusted EBITDA of approximately EUR 275 million in 2023.  (April 19, 2023; Press release )

• Delivery Hero reported a total segment revenue growth of 12% YoY of EUR 2.5 billion in Q1 2023. The total gross merchandise value (GMV) for the quarter increased 2% YoY to EUR 11.2 billion. The company expects a 10% YoY total segment revenue growth and an adjusted EBITDA/GMV margin of over 0.5% for 2023. (April 27, 2023; Press release )

Partnership 

• Olo announced a partnership with the catering delivery service provider, DeliverThat, to provide a direct delivery solution for restaurants, integrated with the restaurant's mobile app or websites. (April 04, 2023; Press release )

• Blue Apron partnered with DoorDash to include its Heat & Eat meals at 11 Dash Mart stores. (April 05, 2023; Press release )  

• Square announced the integration of its “Square for Restaurants” POS system with Facebook and Instagram to include “Order Food” buttons, which would redirect the users to the Square Online site for online ordering. (April 13, 2023; Verdict Food Service )

• Uber partnered with Altaine to integrate Uber Eats with Altaine’s cloud-based Q-Mgr order management system to enable the order management system to automatically send or receive orders from the Uber Eats platform. (April 18, 2023; Press release )

• Uber expanded its partnership with Cartken to provide autonomous food delivery services for Uber Eats customers in Fairfax, Virginia. (April 20, 2023; Press release )