Square purchases food delivery startup Caviar for a reported $90 million

See the original posting on The Verge

Square has just purchased San Francisco-based food delivery startup Caviar, a somewhat unconventional acquisition for the payments provider. Both companies have officially confirmed the deal with posts on their respective blogs; Square CEO Jack Dorsey said in a statement that “Caviar’s curated, seamless delivery experience is exactly the kind of service we want to provide buyers and sellers.” It appears that Caviar’s core service (meal delivery from restaurants that don’t otherwise provide delivery services) will not be going away. An FAQ posted on the company’s site notes that “everything [customers] love about our product and service will remain the same.”

While a food delivery service might not be the most obvious place for Square to…

Continue reading…