Square’s latest acquisition proves the company’s food delivery business isn’t going anywhere.
The mobile payment company has acquired Main Line Delivery, an 8-year-old startup that delivers food to the Main Line region of Philadelphia. Square’s own food delivery company, Caviar, operates in Philadelphia and the addition of Main Line is meant to enhance its offerings in the region, the company told Business Insider.
Terms of the deal were not disclosed.
Related Links
Meal-kit startup Blue Apron reportedly preparing IPO
German meal-kit company HelloFresh raises $88M
German food startup Delivery Hero to buy Foodpanda
Food-delivery startups are facing a harsh reality
UK-based meal service Deliveroo raises $275M to keep growing
