DoorDash’s $1.2B SevenRooms acquisition closes
…that was fast.
On Friday, DoorDash announced it completed its acquisition of reservations and customer relationship management platform SevenRooms. When it announced the deal last month, DoorDash promised it would close before the end of the year. Now, in the last weeks of Q2, it’s done; DoorDash owns a reservations company.
In a statement, DoorDash VP of strategy and operations, Parisa Sadrzadeh, said, “We’re building a platform that makes it easier for local businesses to grow—whether that’s through delivery, pickup, reservations, or in-person hospitality.”
The top restaurant delivery platform in the country has been on a tear lately; in addition to DoorDash’s $1.2 billion SevenRooms buy, it’s working to close an acquisition of UK-based delivery service Deliveroo for $3.9 billion. And just last week, it debuted a revamped advertising platform for restaurants along with a $175 million acquisition of a young ad-tech company called Symbiosys.
I’m (still) on the road this week, but ICYMI, here’s Expedite’s recent coverage of this major restaurant tech acquisition:
DoorDash buys SevenRooms for $1.2 billion
DoorDash, the app best known for delivering food from restaurants, is acquiring SevenRooms, a reservations and customer relationship management service, for $1.2 billion in cash.
🎧 DoorDash buys SevenRooms, the podcast
My co-host Brandon Barton and I recorded our first emergency podcast after DoorDash announced its SevenRooms acquisition. Listen to our heads spin in real time:
SevenRooms + DoorDash, the exec take
DoorDash's SevenRooms has the potential to bring restaurants further inside DoorDash’s orbit. Here's DoorDash VP of strategy & ops, Parisa Sadrzadeh + SevenRooms co-founder and CEO Joel Montaniel on the deal.
