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Square could soon be entering the food delivery market with the acquisition of Caviar, a startup that delivers high-end meals.
Last month, TechCrunch reported that a deal valued around $100 million was in the works. Over the past few days, the New York Times and Re/code have also reported that a deal is in the works.
Caviar offers meals delivered from high-end restaurants as well as streamlined group ordering and catering. The meals on Caviar aren't available through other delivery sites like GrubHub, but come at a cost; each meal has a $9.99 delivery surcharge. Read more...
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