Business

DoorDash Expands Empire with $1.2 Billion Acquisition of SevenRooms, Aiming to Revolutionize Restaurant Technology

DoorDash's Strategic Move

In a bold step to enhance its commerce platform, DoorDash Inc. has announced its agreement to acquire SevenRooms, a New York City-based restaurant technology company, for a staggering $1.2 billion in an all-cash deal. This acquisition, set to close in the latter half of 2025, marks a significant milestone in DoorDash's expansion strategy.

Empowering Local Businesses

"Our goal is to empower merchants by providing them with the tools to serve their customers across all channels," said Parisa Sadrzadeh, DoorDash's Vice President for Strategy and Operations. "With SevenRooms, we're not just expanding our portfolio; we're offering local businesses worldwide innovative ways to attract more guests, foster direct customer relationships, and enhance profitability through intelligent marketing solutions."

Financial Highlights and Future Prospects

The announcement came alongside DoorDash's first-quarter financial results for fiscal 2025, showcasing a 21% revenue jump to $3 billion. This move follows DoorDash's recent agreement to acquire Deliveroo, a British food delivery giant, for £2.9 billion, signaling the company's aggressive growth and diversification in the global food delivery and restaurant technology sectors.