August 5, 2014
Payments giant – Square – announced the acquisition of fast growing food startup Caviar, On 4th August, 2014. Caviar is an affordable, convenient alternative to an in-house delivery solution and drives additional revenue. It enables buyers to get delivery from top-rated, popular local restaurants that do not otherwise offer delivery.
Caviar’s curated, seamless delivery experience is exactly the kind of service we want to provide buyers and sellers, commented the CEO of Square, Jack Dorsey. By making delivery such a fast, friendly, and easy process, Caviar gives time back to restaurants so they can focus on what they do best — cooking great food for their customers.
With this acquisition, Square says that it focuses more on providing independent sellers with services that enable their business to grow smoothly.
Today, we’re excited to announce that Caviar is joining Square. Together we’ll double down our mission of delivering premium food through a premium delivery service with no compromises — giving buyers easy access to the food and restaurants they love so much, wrote Jason Wang, in a blog statement. It has been, and will continue to be, an incredible journey. Our ultimate vision aligns with Square’s: to provide local merchants with the best tools to grow and sustain their businesses. Delivery is no doubt an important component of helping a business drive additional revenue, and we’ll work hard to create new and exciting features for everyone.