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DoorDash Acquires SevenRooms in $1.2B All-Cash Deal to Enhance Restaurant Technology Offerings – AlleyWatch

DoorDash Acquires SevenRooms in .2B All-Cash Deal to Enhance Restaurant Technology Offerings – AlleyWatch
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DoorDash, the worldwide platform for native commerce, has acquired SevenRooms, the hospitality know-how agency specializing in CRM and visitor expertise instruments, in a $1.2B all-cash transaction. “We based SevenRooms with a mission to assist hospitality operators perceive their friends and develop their enterprise, enabling a extra sustainable future,” remarked Joel Montaniel, Cofounder and CEO of SevenRooms. “We consider eating places are the material of native communities, and thru each desk contact, welcome again and raised glass, our focus has at all times been on serving to them develop whereas making their friends really feel at house.”

We based SevenRooms with a mission to assist hospitality operators perceive their friends and develop their enterprise, enabling a extra sustainable future. We consider eating places are the material of native communities, and thru each desk contact, welcome again and raised glass, our focus has at all times been on serving to them develop whereas making their friends really feel at house. – Joel Montaniel

Based by Montaniel, Allison Web page, and Kinesh Patel in 2011, SevenRooms had raised a complete of $69.9M in fairness funding and is backed by buyers that embody Comcast Ventures, Amazon’s Alexa Fund, PSG, Highgate Ventures, Temasek, and Union Sq. Hospitality Group. The corporate developed a platform that helps eating places, lodges, and hospitality companies deepen visitor relationships, streamline operations, and drive income progress. SevenRooms at present serves greater than 13,000 venues globally, together with main shoppers resembling Marriott Worldwide, MGM Resorts Worldwide, Mandarin Oriental Resort Group, Wolfgang Puck, and Union Sq. Hospitality Group. SevenRooms shall be built-in into DoorDash’s Commerce Platform as a part of the acquisition, offering retailers with instruments to develop in-store gross sales and increase profitability throughout all channels.

“We’re enhancing the DoorDash Commerce Platform to assist retailers serve their clients throughout all channels,” remarked Parisa Sadrzadeh, Vice President, Technique and Operations at DoorDash. “With SevenRooms, we’re excited to provide native companies across the globe new methods to carry extra friends within the door, construct and develop direct relationships with their clients, entry best-in-class CRM, and drive profitability via smarter advertising and marketing.”

We’re enhancing the DoorDash Commerce Platform to assist retailers serve their clients throughout all channels. With SevenRooms, we’re excited to provide native companies across the globe new methods to carry extra friends within the door, construct and develop direct relationships with their clients, entry best-in-class CRM, and drive profitability via smarter advertising and marketing. – Parisa Sadrzadeh

The acquisition is anticipated to shut through the second half of 2025, topic to customary closing situations and regulatory approvals.

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