Landcadia Holdings has secured $85 million from Luxor Capital Group to fund Waitr's growth strategy. Waitr, a restaurant platform for online ordering and on-demand food delivery, entered into an agreement earlier in 2018 to become a subsidiary of Landcadia. The parties expect the proposed transaction will be completed in November.
Waitr founder and CEO Chris Meaux believes the company has a significant opportunity to continue to grow by penetrating existing markets and entering new markets. He also believes that Waitr is well positioned to take advantage of acquisition opportunities, which can help drive additional growth and scale throughout the U.S.
Related: Dutch Bros Plan Major Expansion; Indian Tea Company Raises Money for US Expansion.
from Specialty Food News https://ift.tt/2zSlubf
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