Brief: Deliveroo confirms London for IPO; sets aside $69m shares for users, $22m for drivers
March 8, 2021
The UK food delivery app also said it will pay its self-employed drivers IPO bonuses of up to $13,827 each.
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Tag: food delivery
URB-E’s collapsible containers haul in $5m Series A funding from UBS, AgFunder
March 3, 2021
The Los Angeles-based startup wants to replace petroleum with pedals. Its bike-drawn containers are able to deliver the same load as a typical truck – with 100% less emissions.
Last we heard from Good Eggs, it was in a multi-city retreat. Now it’s expanding with $100m in funding
February 4, 2021
Bouyed by booming demand for e-grocery amid Covid-19 and some promising unit economics, Good Eggs is expanding beyond the Bay Area.
BRIEF: Uber gulps down drinks deliverer Drizly in $1.1bn deal
February 3, 2021
Drizly, which hosts thousands of merchants across 1,400 US cities on its alcohol delivery marketplace, will be integrated into Uber Eats.
Brief: Wolt raises $530m to grow on-demand delivery ‘beyond the restaurant’
January 28, 2021
Like many of its peers, the Finnish food delivery app has diversified into groceries and other goods during the Covid-19 pandemic.
BRIEF: On-demand delivery apps Getir & Glovo get $100m+ apiece in ‘dark store’ drive
January 19, 2021
Spain’s Glovo and Turkey’s Getir are both targeting the boom in demand for so-called ‘q-commerce’ – ultra-quick, 30-minute-max delivery of groceries purchased online.
Brief: Deliveroo raises $180m in pre-IPO funding at $7bn valuation
January 18, 2021
The UK app said it’ll use the capital to grow its ‘dark kitchen’ network and grocery delivery business, confirming its IPO plans publicly for the first time.
Grab triples food delivery revenue; archrival Gojek considers merger options
January 5, 2021
The Singapore-based app expects GrabFood to hit breakeven by the end of 2021 – with or without prospective merger partner Gojek, which has reportedly opened talks with e-commerce giant Tokopedia.
Thailand’s biggest bank launches food delivery app with $14.4m funding
November 2, 2020
Robinhood is going head to head with unicorns Gojek and Grab – but believes it can better serve “the small guys” who run most of kingdom’s restaurants.
Last mile delivery startup Onfleet raises $14m to meet Covid-19 demand surge
October 30, 2020
The San Francisco startup has onboarded 300 new businesses during the pandemic as food retailers scramble to offer consumers new e-commerce options.
Alibaba pays $3.6bn to acquire hypermarket chain in tech-driven ‘new retail’ push
October 23, 2020
Sun Art operates close to 500 stores across China which have been integrated with Alibaba’s food e-commerce platforms Taoxianda and Tmall Supermarket.
SoftBank’s Son agitates for Southeast Asian food delivery mega-merger: report
October 19, 2020
The SoftBank CEO is “stepping up pressure” on Anthony Tan, co-founder and CEO at Singapore-based Grab, to work out a “ceasefire” with his counterparts at Gojek.
Zomato looks to boost balance sheet, plug China gap in advance of IPO with $52m funding
October 16, 2020
The Indian food delivery unicorn is planning to go public in H1 2021.
Google leads $28m Dunzo funding as Indian food e-commerce receives pandemic pickup
September 2, 2020
Delivery app Dunzo reported a tripling in demand amid the country’s continuing Covid-19 outbreak, while rival e-grocer BigBasket saw new customer numbers rise 84%.
A mini guide to Latin American agrifoodtech in 2020
July 22, 2020
The year 2019 was a breakout year for Latin American agrifoodtech and 2020 is already shaping up to beat those records, in spite of the global pandemic. Here’s a look at the key categories pushing the industry forward.
Covid-19 pivot locks in $4m for Italian delivery platform Soplaya
July 16, 2020
Few startups can say they’ve had an easy time fundraising this year. But Soplaya says the round it just closed was fast and painless, all things considered.
Chinese food delivery giant pumps $14m into robot maker PuduTech
July 7, 2020
PuduTech and Meituan Dianping will collaborate on robotics and catering digitization, and explore opportunities in “localized lifestyle services.”
Grab lays off 5% of workforce as Covid-19 continues to chill food-delivery providers
June 17, 2020
Food delivery services are bigger than ever, as locked-down consumers turn to apps for meals and groceries. But the economic outlook for service providers remains tough.
Grab eyes Southeast Asia’s rural economy for post-pandemic growth
June 9, 2020
The Singapore-based unicorn is extending its order-anything ‘super app’ platform to the region’s farmers, fishermen, and food traders to keep things ticking as Covid-19 continues.
Facebook and Paypal join Google, Tencent to back Indonesian food and payments giant Gojek
June 3, 2020
Facebook’s first investment in an Indonesian company has echoes of its $5.7 billion Jio deal in India earlier this year.
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