DoorDash is buying Caviar from Square in a deal worth $410 million

DoorDash is buying Caviar from Square in a deal worth $410 million

4 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/08/01/doordash-is-buying-caviar-from-square/

DoorDash has reached an agreement with Square to purchase on-demand food delivery and catering business Caviar. DoorDash has agreed to pay Square $410 million in cash and preferred DoorDash stock.

Square bought Caviar about five years ago in a deal worth about $90 million. Now, Caviar has found a new home with DoorDash, the on-demand delivery startup that had been under fire for months regarding how it pays its delivery workers. DoorDash finally did right by its workers just last week.