To drive investment in R&D, recruiting and expansion, Toast announced on Tuesday (July 10) that it has raised $115 million in Series D funding. The funding round, which was led by funds and accounts advised by T. Rowe Price Associates, Inc., values the restaurant management...
Olo and Punchh, two of the leading names in mobile order ahead, have joined forces on a new mobile ordering app for the fresh Asian fast-casual franchise Teriyaki Madness. By scrolling the digital menu incorporated by Olo, guests can order bowls and plates through the...
For restaurants, participating in a delivery marketplace can be a double-edged sword. Delivery aggregator apps can drive volume, but they do little for loyalty or brand awareness, and the benefits are not always worth the costs to the business in terms of implementation and fees....
McDonald’s has not had an easy road. It had to continually rebrand itself to keep up with changing consumer sensibilities around health. It has also had to shift strategies to keep up with competition from other QSRs — which is no longer just about the...
The restaurant industry has seen its share of futuristic innovations and bots, particularly in the fast-casual and quick service restaurant (QSR) spaces. Spyce is the latest to launch one of its own: A fully robotic kitchen that enables the bowl-based restaurant to fit into a...
There isn’t much separating the best from the rest when it comes to QSR innovation – except when it comes to in-store payments. Research inside the latest Restaurant Readiness Index reveals 57 percent of top QSRs accept contactless payments and 43 percent accept QR codes,...
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Vegetarians and vegans, who forego meat and animal byproducts on principle, may be willing to settle for a burger that doesn’t really look, smell, taste, or feel like a burger due to a moral conviction. However, that product can never fulfill their hopes for a...
Online ordering: the asset that’s a burden, the blessing that’s a curse, the “Can’t live with it, can’t live without it” of restaurant life. There’s a lot to be said both in favor of and against putting one’s menu online, and particularly on third-party aggregation...
