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Home Market Research Startups

DoorDash Acquires SevenRooms in $1.2B All-Cash Deal to Enhance Restaurant Technology Offerings – AlleyWatch

by TheAdviserMagazine
5 months ago
in Startups
Reading Time: 2 mins read
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DoorDash Acquires SevenRooms in .2B All-Cash Deal to Enhance Restaurant Technology Offerings – AlleyWatch
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DoorDash, the global platform for local commerce, has acquired SevenRooms, the hospitality technology firm specializing in CRM and guest experience tools, in a $1.2B all-cash transaction. “We founded SevenRooms with a mission to help hospitality operators understand their guests and grow their business, enabling a more sustainable future,” remarked Joel Montaniel, Cofounder and CEO of SevenRooms. “We believe restaurants are the fabric of local communities, and through every table touch, welcome back and raised glass, our focus has always been on helping them grow while making their guests feel at home.”

We founded SevenRooms with a mission to help hospitality operators understand their guests and grow their business, enabling a more sustainable future. We believe restaurants are the fabric of local communities, and through every table touch, welcome back and raised glass, our focus has always been on helping them grow while making their guests feel at home. – Joel Montaniel

Founded by Montaniel, Allison Page, and Kinesh Patel in 2011, SevenRooms had raised a total of $69.9M in equity funding and is backed by investors that include Comcast Ventures, Amazon’s Alexa Fund, PSG, Highgate Ventures, Temasek, and Union Square Hospitality Group. The company developed a platform that helps restaurants, hotels, and hospitality businesses deepen guest relationships, streamline operations, and drive revenue growth. SevenRooms currently serves more than 13,000 venues globally, including major clients such as Marriott International, MGM Resorts International, Mandarin Oriental Hotel Group, Wolfgang Puck, and Union Square Hospitality Group. SevenRooms will be integrated into DoorDash’s Commerce Platform as part of the acquisition, providing merchants with tools to grow in-store sales and boost profitability across all channels.

“We’re enhancing the DoorDash Commerce Platform to help merchants serve their customers across all channels,” remarked Parisa Sadrzadeh, Vice President, Strategy and Operations at DoorDash. “With SevenRooms, we’re excited to give local businesses around the globe new ways to bring more guests in the door, build and grow direct relationships with their customers, access best-in-class CRM, and drive profitability through smarter marketing.”

We’re enhancing the DoorDash Commerce Platform to help merchants serve their customers across all channels. With SevenRooms, we’re excited to give local businesses around the globe new ways to bring more guests in the door, build and grow direct relationships with their customers, access best-in-class CRM, and drive profitability through smarter marketing. – Parisa Sadrzadeh

The acquisition is expected to close during the second half of 2025, subject to customary closing conditions and regulatory approvals.

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