Grubhub has featured in two major tech deals in recent years. | Photo courtesy of Grubhub
2025 has been a big year for big restaurant technology acquisitions.
DoorDash delivered two in one day back in May, with deals to acquire Deliveroo for $3.9 billion and SevenRooms for $1.2 billion.
Then last week, Olo announced plans to sell to private-equity firm Thoma Bravo for $2 billion.
It may already be the most 10-digit restaurant tech deals to go down in a single year, and we still have more than five months to go.
But the burst of M&A got us thinking about the biggest restaurant tech deals ever. Here is what we came up with. Note: This only includes deals where the purchase price was disclosed.
Just Eat Takeaway.com buys Grubhub, $7.3 billion (2020)
This is where the pandemic-era restaurant delivery boom peaked. Two years after buying itself into the U.S. market, Netherlands-based delivery service Just Eat took a $3.1 billion writedown on Grubhub as delivery demand waned and competitors pulled ahead. It would later go on to sell the company at a massive loss (more on that later).
Oracle buys Micros, $5.3 billion (2014)
B2B tech behemoth Oracle broke into the hospitality sector with Micros, a huge supplier of POS systems for restaurants and hotels. Oracle, known for its cloud computing products, saw an opportunity to speed up restaurants’ migration to the cloud. It was apparently not an easy transition. But today, the system now known as Oracle Simphony is used by some of the biggest restaurant and hotel chains in the world, including Starbucks.
DoorDash buys Deliveroo ($3.9 billion) and Wolt ($3.5 billion)
These two acquisitions of overseas delivery services, in 2022 and this year, respectively, have helped DoorDash greatly expand its global footprint. With Wolt, it went from four countries to 27. Deliveroo will bring it to nine more for a total of about 40 when the deal closes this year.
Side note: The all-stock deal for Finland-based Wolt was initially valued at $8 billion, but ended up at $3.5 billion after DoorDash shares fell by 55%.
Uber buys Postmates, $2.65 billion (2020)
This acquisition solidified Uber Eats as the clear No. 2 in the U.S. delivery hierarchy while also beefing up its presence on the West Coast. It came after Uber’s negotiations to buy Grubhub fell through, clearing the way for the Just Eat Takeaway deal.
It also raised some antitrust concerns with the feds, but was ultimately allowed to proceed.
Priceline buys OpenTable, $2.6 billion (2014)
The deal got Priceline, a travel booking company, into the emerging market of online restaurant reservations. The price tag—a 46% premium on OpenTable’s share price—turned some heads, but observers saw a logical fit between the two companies and plenty of growth ahead for OpenTable.
However, two years later, Priceline recorded a $941 million write-down on OpenTable after a plan to expand internationally did not pan out.
Today, OpenTable competes for market share with fellow reservations platforms Resy and Tock.
Thoma Bravo to buy Olo, $2 billion (2025)
This deal, expected to close later this year, will take Olo private after four years on the public markets. It will go the private-equity route, ending speculation that another tech player could buy it and create a dominant supplier for big restaurant chains.
The price represented a 65% premium to Olo’s stock before news of a sale emerged in April, but its shares are still down 66% since its 2021 IPO.
DoorDash buys SevenRooms, $1.2 billion (2025)
Announced on the same day as the Deliveroo deal, SevenRooms will get DoorDash into restaurants’ on-premise operations with tools like reservations and digital marketing. It will also bolster DoorDash’s global reach, with clients in restaurants and hotels around the world.
NCR buys Radiant Systems, $1.2 billion (2011)
With the addition of POS provider Radiant, NCR set up a dedicated hospitality division. It would go on to become one of the largest players in restaurant tech.
Wonder buys Grubhub, $650 million (2024)
And we’ve come full circle. Wonder, the food hall/delivery/meal kit startup founded by billionaire Marc Lore, picked up Grubhub for 91% off its 2020 purchase price. It plans to incorporate the delivery service into its “super app for mealtime.”
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