Square acquires food-delivery platform Zesty to boost office-catering business [MarketWatch]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: MarketWatch
Square acquires food-delivery platform Zesty to boost office-catering business Square Inc. SQ, -1.46% announced Thursday that it had acquired assets from Zesty, a food-delivery service that specializes in office catering. Square, which bought food delivery business Entrees On-Trays earlier in the year, sees Zesty enhancing its Caviar platform. "Expanding our corporate catering product with Zesty enables us to offer our restaurant partners another way to boost sales through higher-margin, large-format catering orders," said Gokul Rajaram, Square's Caviar chief. Caviar is part of Square's fast-growing subscription and services segment. Square shares are little changed in aftermarket trading but up 194% in the past 12 months. The S&P 500 SPX, -0.57% has gained 15% in that time.
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