Technological innovation often It comes in waves, but the restaurant industry has seen the tide rise and get stronger due to some of the epidemic.
Startups have entered the industry to help restaurants quickly transform their business operations, such as taking online orders, delivering, and creating a variety of interactions with their current dining customers. at home.
Toast, a financial software company focused on restaurants, remains one of the leaders in the space. In the year The company was founded in 2011. By the end of 2021, it is valued at around $18 billion through an IPO.
In the year In the second quarter of 2022, revenue will confirm its position near the peak: the company said that revenue grew 58% year-over-year to $675 million, while also narrowing its net loss to $54 million, compared to a loss of $135 million in the same quarter. 2021. Toast says it’s on track to generate $2.6 billion in revenue this year.
