Came across this SAAS company providing software to many restaurants, so that costumers can order directly from the restaurant website, rather that order via doordash or uber
Olo Inc. provides software-as-a-service platform for multi-location restaurants in the United States. The company’s platform enables on-demand commerce operations, which cover digital ordering and delivery through online and mobile ordering modules. Its modules include Ordering, an on-demand commerce solution that enables consumers to order directly from and pay restaurants via mobile, web, kiosk, voice, and other digital channels; Dispatch, a fulfillment solution, which enables restaurants to offer, manage, and expand direct delivery; and Rails, an aggregator and channel management solution, which allows restaurants to control and syndicate menu, pricing, location data, and availability. The company was founded in 2005 and is headquartered in New York, New York.
- Keeps costumer experience with restaurant rather that with doordash or uber
- has potential to stay relevant in COVID or Non- COvid world
_ Revenue growing over last 3 years, 31 K- 2018, 50 K- 2019, 98 K- 2020 - Has contracts with big restaurant names
- 51 % institutional holding