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What do Zume’s layoffs and Grubhub’s sale rumors have to do with SoftBank?What do Zume’s layoffs and Grubhub’s sale rumors have to do with SoftBank?

With its $100B Vision Fund, holding company SoftBank has its sights on the restaurant industry

Gloria Dawson

January 8, 2020

3 Min Read
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Zume Inc., which first gained attention for their robot pizza operation, is planning significant layoffs, according to a report from Business Insider this week. Meanwhile Grubhub, once the leader in third-party delivery, is rumored to be considering a sale, according to an article in the Wall Street Journal today. These aren’t just two industry disruptors facing hard times; these stories illustrate the power of venture capital, particularly from Softbank. The Japanese conglomerate runs the $100 billion Vision Fund, the biggest venture capital fund in history.

“Softbank really does have the ability to transform business on the global level,” said Aaron Allen, a restaurant industry consultant. SoftBank looks to startups that can digitize an...

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About the Author

Gloria Dawson

Gloria Dawson is a senior editor at Nation’s Restaurant News, Restaurant Hospitality and Supermarket News. She writes and edits breaking news and feature stories and conceptualizes and manages various sections and special issues of NRN magazine.

She joined the restaurant and food group in 2018 after writing for the New York Times, the Wall Street Journal, Eater and various other publications. She earned her master's degree from Columbia University Graduate School of Journalism and her BFA in art history and photography from the Art Institute of Boston at Lesley University.

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