Square Acquires Food-Delivery Company Caviar

Bust out the Champagne and crackers. Photo: Courtesy of blog.trycaviar.com

Caviar, the upstart service that figured out how to offer delivered menu items like ramen bowls and pork buns from sought-after restaurants that typically don't offer delivery, has just sold to Jack Dorsey's Square for a reported $90 million. Caviar will operate separately from the payment-processing service, for now, and it's not yet clear how the two platforms will sync. A side note to the acquisition news, however, is that Caviar reps recently told Re/code they will soon drop the somewhat annoying $9.99 flat delivery fee to $4.99, which is a pretty exciting tidbit on its own. [Official site, Related]