M&A Deal Summary

Doordash Acquires Caviar

On August 1, 2019, Doordash acquired internet software and services company Caviar from Block for 410M USD

Acquisition Highlights
  • This is Doordash’s 2nd transaction in the Internet Software and Services sector.
  • This is Doordash’s 2nd largest (disclosed) transaction.
  • This is Doordash’s 2nd transaction in the United States.
  • This is Doordash’s 2nd transaction in California.

M&A Deal Summary
Date 2019-08-01
Target Caviar
Sector Internet Software and Services
Buyer(s) Doordash
Sellers(s) Block
Deal Type Divestiture
Deal Value 410M USD

Target

Caviar

San Francisco, California, United States
Caviar is a delivery solution for consumers to order food from local eateries with the ability to live-track the order on a map.

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Buyer(S) 1

Buyer

Doordash

San Francisco, California, United States
Category Company
Founded 2013
Sector Internet Software and Services
Employees19,300
Revenue 8.6B USD (2023)
DESCRIPTION

Doordash is a tech company that is building the future of local, on-demand delivery. The company is working to connect more businesses to more people. It wants to shrink every city by bringing people anything faster, fresher, and farther away. Doordash was founded in 2013 and is based in San Francisco, California.

DEAL STATS #
Overall 2 of 4
Sector (Internet Software and Services) 2 of 4
Type (Divestiture) 1 of 1
State (California) 2 of 2
Country (United States) 2 of 3
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Rickshaw

San Francisco, California, United States

Rickshaw is a same-day local delivery platform that makes it simple for businesses to provide fast, dependable, high-touch deliveries to their customers. Company use smart algorithms and savvy mobile apps for dispatch, routing, and tracking to ensure a high success rate and delighted customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Wolt

Helsinki, Finland

Wolt is a technology company that makes it incredibly easy to discover and get the best restaurants, grocery stores, and other local shops delivered to home or office. Wolt works together with over 30,000 restaurant and retail partners as well as with over 60,000 courier partners across 23 countries and 129 cities. Wolt was founded in 2014 and is based in Helsinki, Finland.

Buy €7.0B

Seller(S) 1

SELLER

Block

San Francisco, California, United States
Category Company
Founded 2009
Sector Financial Services
Employees12,400
Revenue 21.9B USD (2023)
DESCRIPTION

Block is a financial services and mobile payments company that provides a range of services to help businesses manage their payments, including hardware and software solutions for point-of-sale transactions, online payments, and invoicing. The Company's flagship product is the Square Reader, a small device that attaches to smartphones or tablets to enable credit and debit card payments. Block was formed in 2009 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 Weebly

San Francisco, California, United States

Weebly, Inc. is a web hosting platform that allows users to create websites, blogs and online stores. Weebly, Inc. was founded in 2006 and is based in San Francisco, California.

Buy $365M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-25 Credit Karma Tax

San Francisco, California, United States

Credit Karma Tax is the consumer tax unit of online based consumer financial services company Credit Karma.

Buy $50M
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