Özgür Özkök
A payment system is any system used to settle financial transactions by transferring monetary value. This includes the institutions, instruments, people, rules, procedures, standards, and technologies that make exchange possible.
The ‘global HR platform’ is EBITDA positive, confirming a $12B valuation. Deel, a Fintech-turned-HR company, announced it would reach $295 million in annual recurring revenue (ARR) by the end of 2022. This is a significant increase from the $57 million ARR achieved at the end of 2021, representing a growth […]
The article discusses DoorDash’s recent acquisition of Bbot, a QR ordering company, and speculates that it is a step towards the company offering a total restaurant POS (point-of-sale) system. The author believes that DoorDash needs to grow to satiate investors and sees the acquisition of Bbot as a way to […]
‘Wow, the first time I’ve seen this.’ ALDI is a German discount supermarket chain. It was founded by brothers Karl and Theo Albrecht in 1946 and is currently headquartered in Essen, Germany. ALDI operates over 10,000 stores in over 20 countries worldwide, primarily in Europe and North America. It is […]
On the positive impacts of favoring local produce: “It’s easy to see a carrot as this thing that shows up on your plate, and that’s all it is. I mean, obviously, there’s so much more behind that. There are the growing practices; there’s the caretaking of the land. There are […]
It is indeed possible that the online food delivery packaging market is expected to reach a value of US$ 6.6 billion by 2027, with a CAGR (compound annual growth rate) of 10.4%. The online food delivery market has snowballed in recent years due to the increasing popularity of food delivery […]
Egyptian start-up Brito has raised $1.25m in pre-seed funding from a Central Bank of Egypt initiative and angel investors to establish itself as a standout player in the country’s emerging cloud kitchen market. Brito, founded in February by CEO Rania Reda and Mo’nes Sadeq, differs from most of the eight […]
New York-based At-Your-Service Software is updating its ReciProfity food costing software to better serve retail food service clients. The cloud-based software enables invoice scanning and input by email, saving operators up to five hours of labour per week. The software is tailored to the needs of retail food service, which […]
Have you ever heard of a “ghost kitchen”? A few are open and operating throughout Austin, so KXAN looked at how they impact the local food industry. Ghost kitchens, also known as cloud kitchens or dark kitchens, are food production units built to prepare food specifically for delivery. The concept […]
Le Fantome is a new Riverdale, Washington D.C. food hall that opened on August 22nd. It has three consumer-facing stalls, a bar, and seven ghost kitchens, which are not accessible to the public. Ghost kitchens are food businesses that only offer delivery and pickup options through third-party apps such as […]
Segment players may need brand awareness and expanded access points to thrive after a year of dashed expansion plans, closures, and high-profile regulatory infractions. Ghost kitchens, delivery-only restaurants, gained popularity in 2020 and 2021 with significant company funding. However, issues such as low unit volumes, operational difficulties, and permitting problems […]