Zinger Key Points
- DoorDash is acquiring Bbot and its solutions, which include a QR code scanner that attracts customers to an online menu for in-store ordering.
- Bbot CEO Steve Simoni says the deal enables the company to equip more businesses with tools to help them provide excellent customer experiences.
DoorDash, Inc. DASH has announced its acquisition of Bbot, a hospitality technology startup. The financial terms of the acquisition were not disclosed.
What Happened: Founded in 2017 and based in New York City, Bbot offers an order and pay software platform for restaurants that cover a variety of operational needs ranging from online to in-store digital ordering to reporting and analytics and multi-channel marketing.
According to Bbot, its solutions include a QR code scanner that attracts customers to a merchant-branded, interactive online menu for in-store ordering. Bbot's technology works seamlessly with a merchant's existing software services, including POS systems, loyalty programs, and reservation services, and operates on a variety of merchant and consumer devices, including handhelds and tablets, the company added.
See Also: 10 Weirdest Logos Of All Time, Most Have Been Replaced But Not Forgotten
Why It Happened: Bbot CEO Steve Simoni defined the acquisition as a winning strategy for his company.
"Joining forces with DoorDash enables us to more rapidly scale our solutions so that, together, we can equip more businesses with more low-cost tools to help them provide excellent customer experiences and compete in today's digital world," he said.
For DoorDash, the San Francisco-headquartered company stated Bbot will expand its first-party Platform Services that include the commission-free online ordering solution DoorDash Storefront.
"We're excited to bring our combined suite to an even wider selection of merchants across the hospitality space – including bars, hotels, and ghost kitchens – so these businesses can engage with more customers, increase their quality of service, and grow sales," said Tom Pickett, DoorDash's chief revenue officer. "Bbot has built best-in-class features and highly customizable tools that will enable DoorDash to better support the ever-growing range of merchant needs."
Photo: DoorDash
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.