Food Delivery Service Waitr Is Rapidly Expanding Under New Ownership
Photo Caption: The service aims to generate 100 orders per day on the platform within a week of entering a new market.
Skift Take
Scaling up is great for the service, but it's not immune to growing pains along the way.
The dog days of summer have not registered at Waitr, the food delivery service that billionaire Houston Rockets owner Tilman Fertitta snapped up in May for $308 million. He bought it through Landcadia Holdings, a public blank check company created to strike a deal like this when Fertitta was ready to pull the trigger.
Even though the deal hasn’t fully gone through yet, bits and pieces of Waitr's business model are becoming public as part of the merger process. One recent bit? Waitr’s updated investor deck, filed as part of Landcadia’s latest quarterly report.
The expansion track theyâ€
