Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
FedEx Stock Drops After Weak 2026 Earnings Forecast Despite Strong Q4 Results 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Nissan Halts Electric Qashqai Development Amid EV Market Challenges 
Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
DoorDash buys Chowbotcs, an automated salad vending machine company, to expand its fresh meal offerings. The acquisition was announced on Feb. 8, and it was revealed that the deal was actually signed late last year.
DoorDash’s vision with its new acquisition
DoorDash, an American food delivery service, did not mention how much it spent on buying Chowbotics. Although the financial aspect of the deal was not disclosed, it is understood that all of Chowbotics staff will now work as DoorDash employees. Then again, the automated food prep firm will continue to operate independently under its new owner.
“We’re working on solutions to help merchants grow in an ever-challenging and changing landscape, and with Chowbotics we hope to enhance that level of support and empowerment we can provide to restaurants big and small,” Penn Daniel, DoorDash’s general manager, wrote in a blog post.
He went on to state, “The added expertise of the Chowbotics team allows us to continue to create new ways to bring customers everything in their local neighborhoods.”
DoorDash co-founder Stanley Tang also said that they admired Chowbotics for its innovative product and what it did to make fresh meals more accessible in strategic locations. They are happy to acquire the company because they believe Chowbotics will allow DoorDash to get new customers by offering a new type of service.
DoorDash is planning to use Chowbotics' robots in offering more meal choices through its restaurant partners. Its convenience store affiliates can also start expanding their fresh food items through the robots.
About Chowbotics and DoorDash
DoorDash has a big share in the food delivery business in the U.S. It is a competitor of Grubhub and UberEats. Its profits increased last year since people only order food for delivery after the lockdowns were imposed.
On the other hand, Fox Business mentioned that Chowbotics was founded seven years ago, and it is known for its robot called Sally. The fresh food vending machine can hold up to 22 prepared ingredients and can make 65 salads and meals at a time. The company has sold about 125 Sally robots to grocery stores, school campuses, and medical centers, and each unit costs $35,000.
After the acquisition, Rick Wilmer, Chowbotics CEO, stated that DoorDash will surely help the company grow further since the delivery firm is affiliated with around 390,000 merchants not just in the U.S. but in Australia and Canada as well.
