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Square acquires food delivery start-up Caviar

San Francisco -- Digital payments company Square announced that it has acquired Caviar, a start-up that specializes in food deliveries from high-end restaurants.

“Caviar’s curated, seamless delivery experience is exactly the kind of service we want to provide to buyers and sellers,” said Square cofounder and CEO Jack Dorsey. “By making delivery such a fast, friendly, and easy process, Caviar gives time back to restaurants so they can focus on what they do best — cooking great food for their customers.”

The acquisition complements Square’s other restaurant offerings. The company recently released inventory tracking, an invoicing service and point-of-sale software to its 50,000 restaurants that already use its register service.

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