On Thursday, Toast, Inc. (NYSE:TOST) expanded its partnership with Uber Technologies, Inc. (NYSE:UBER) to give restaurants more choices and provide guests with additional delivery options.
This collaboration aims to help restaurants reduce costs and expand their reach.
Integrating Toast Delivery Services with Uber Direct will enable U.S. restaurants to cut delivery fees, extend delivery reach, and utilize Uber’s vast delivery network, the company said in the press release.
This will support local deliveries for orders placed via phone or Toast’s digital ordering channels, including Online Ordering, Branded Mobile App, and the Local by Toast app.
The partnership began in 2021 and has already enabled seamless order delivery through the Uber Eats app.
Kelly Esten, Toast’s Chief Marketing Officer, said, “Partnering with Uber Direct will help restaurants maximize their margins with commission-free deliveries and reach more guests. We are excited to offer these new benefits to restaurants across the United States.”
Brandi Villarreal, Head of Online Food Delivery at Uber Direct stated, “We’re seeing restaurants who are listed on Uber Eats also partner with us on Uber Direct through a provider like Toast.”
”They know from experience Uber Eats offers a reliable and speedy delivery experience, so why not utilize Uber Direct to also fulfill delivery requests from guests who order through their website, app, or other restaurant owned channels. At the same time they can continue to also maximize orders and their ability to acquire new customers ordering via Uber Eats.”
Investors can gain exposure to the stock via AOT Growth and Innovation ETF (NASDAQ:AOTG) and Amplify Digital Payments ETF (NYSE:IPAY).
Price Action: TOST shares are down 0.41% at $37.99 at the last check on Thursday.
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