A salad-making robot company, Chowbotics, has acquired by DoorDash, companies announced Monday. Deal’s Financial terms weren’t unveiled in the announcement, but the Chowbotics team have all become DoorDash workers now. Also, within DoorDash, the company will operate independently.
DoorDash co-founder Stanley Tang stated that they have long admired the work that Chowbotics has never really enhance access to fresh meals with its groundbreaking robotics vision and product. He added that they could explore new customers and use cases with the Chowbotics team on board offering another service to assist their merchants to grow.
Chowbotics was established in 2014, which is fresh food robot Sally with a rectangular machine that is basically a serving of mixed greens candy or simple salad vending machine and it can make customizable plates of mixed grain, greens, and poke bowls, cereals, parfaits, and snacks all inside a little space.
According to a blog post from Penn Daniel, DoorDash senior supervisor, this Robot is used by companies such as hospitals, universities, and grocery stores.
DoorDash presently has the best share, around 48 percent of the US food delivery market, in front of adversaries like Grubhub and UberEats. Its revenue soar in 2020 as restaurants closed because of the pandemic and customers depended on delivery services. Late last year, after DoorDash gets public, it’s some analysts criticized its IPO as lacking in value, and they addressed how DoorDash would have the option to keep on developing if demand for food delivery dies down once the pandemic is finished.
At the time, Analyst David Trainer of New Constructs said that they think this proposed public value offering holds no worth, $0, beyond rescuing private financial backers before clueless public investors understand the business isn’t suitable in its present structure. However, the Chowbotics acquisition brings up interesting questions about post-pandemic plans of DoorDash.
In the blog post, Daniel wrote that Chowbotics would permit DoorDash to assist the restaurants that use its delivery platform grow their contributions, and it appears to be likely that Chowbotics’ vending machines would find a way into the ghost kitchen model, which are delivery-only restaurants that some in the business respect watchfully. In California also is the ghost kitchen facility from DoorDash, and announced last year that it was working with Chicago restaurant Krazy Hog as part of its Reopen for the Delivery initiative.