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Bloomberg: SoftBank could invest up to $750M in robot-made pizzas

Published 08/08/2018, 11:55 AM
© Reuters.  Bloomberg: SoftBank could invest up to $750M in robot-made pizzas
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  • SoftBank (OTCPK:SFTBF, OTCPK:SFTBY) could invest $500M to $750M in pizza delivery startup Zume, according to Bloomberg sources.
  • Zume uses robots to help make and deliver its fresh pizzas. The startup also has a patent for delivery trucks that can cook food on the way to the customer.
  • Zume trucks have robots and ovens that fire up from a remote cloud signal, which helps the company get around laws preventing food trucks from prepping food while in motion.
  • SoftBank previously led a $535M round in meal-delivery app DoorDash. SoftBank owns a 15% stake in Uber, which operates the UberEats delivery business, and stakes in Asian ride-hailing companies Ola, Grab, and Didi and the respective delivery businesses.
  • Previously: Bloomberg: SoftBank could lead $3B+ round in Alibaba (NYSE:BABA)'s Ele.me (Aug. 7)
  • Now read: Wall Street Breakfast: U.S. Sanctions Reimposed On Iran


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