Wednesday, January 18, 2017

Favor Withdraws From Markets Outside Texas

Austin-based on-demand, delivery service operator Favor has withdrawn from all of its markets outside of Texas, as part of an attempt to reach profitability. The company has stopped offering up delivery in Tempe and Scottsdale, Arizona; Denver; Boston; Charlotte, NC; and Nashville and now only lists Texas cities in its list of available areas. Favor is venture backed by S3 Ventures, Tim Draper and Silverton Partners. The company had raised funding and embarked on a major expansion back in 2015.