Grubhub acquires food delivery platform Tapingo for $150mn
Grubhub has announced that it has acquired food ordering platform Tapingo in a $150mn deal.
San Francisco-based Tapingo is a food ordering platform that caters for students at 150 college campuses across the US.
The startup processes tens of thousands transactions a day for more than half a million active diners at on-campus cafes, restaurants, and cashier-less stores.
Chicago-based Grubhub said that the acquisition will help campus restaurants capitalise on pickup and delivery orders.
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"We are excited to add Tapingo, a company that shares our vision of bringing greater convenience to diners and improving the restaurant ordering and pickup experience through technology," said Matt Maloney, Grubhub's founder and chief executive officer.
"We value the college student population, many of whom we hope become life-long Grubhub diners with their first order.
"Tapingo makes students' lives easier, allows merchants to efficiently capitalize on online ordering, and enables colleges and universities to give students the technology they've come to expect."
"Joining Grubhub is an important step forward for Tapingo," added Daniel Almog, Tapingo's co-founder and chief executive officer.
"Grubhub is the industry leader in food delivery, allowing us to provide even greater value to our campus partners and student diners with access to Grubhub's technology and delivery expertise,"
"By joining forces with Grubhub's network of over 85,000 restaurant partners that offer online delivery and pickup, we'll continue to serve our loyal diners long after they graduate from college, which has always been our aspiration."
In August, Grubhub also reported that it had acquired LevelUp — a mobile payments and loyalty rewards program platform — for $390 million in cash.
Amazon and TotalEnergies partner for greener solutions
TotalEnergies today announced a strategic collaboration with Amazon. Through this new collaboration, TotalEnergies will contribute to Amazon’s commitment to power its operations with 100% renewable energy, while Amazon will help TotalEnergies accelerate its digital transformation.
With Amazon Web Services (AWS) as a key cloud provider, TotalEnergies will accelerate its move to the cloud, boosting its IT transformation, the digitisation of its operations, and its digital innovation. In particular, TotalEnergies’ Digital Factory will benefit from the breadth and depth of AWS services including infrastructure, speed, reliability and innovative services.
“Working with TotalEnergies on innovative cloud technologies to drive reductions in carbon emissions and present new renewable energy sources is a tremendous opportunity. This collaboration will not only accelerate TotalEnergies’ migration to the cloud but also contribute toward Amazon’s commitment to power our operations with 100% renewable energy,” said Kathrin Buvac, Vice President, AWS Strategic Industries.
Moving towards a greener future
TotalEnergies and Amazon have signed power purchase agreements (“PPAs”) for a commitment of 474 MW of renewable capacity in the US and Europe, and expect to expand their cooperation in the Middle East and Asia Pacific. By supplying renewable energy and potential battery energy solutions, TotalEnergies will contribute to Amazon’s commitment to power operations with 100% renewable energy by 2030 and reach net-zero carbon emissions by 2040.
“TotalEnergies is deeply committed to reducing the carbon emissions of its operations and supporting its customers to do the same around the world. By signing this agreement, we are proud to enter into this key collaboration with Amazon and to accompany them on their journey to carbon neutrality.” said Stéphane Michel, President Gas, Renewables & Power at TotalEnergies. “We are also counting on Amazon and AWS to help us advance our exponential shift in the speed, scale and advancement of digitalisation.”
As part of its ambition to get to net-zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity that should account for up to 40% of its sales by 2050. At the end of 2020, TotalEnergies’ gross power generation capacity worldwide was around 12 GW, including 7 GW of renewable energy. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 in renewable energies.