Swiggy also secured investment from sovereign wealth funds Qatar Investment Authority and Singapore’s GIC, according to an internal memo.
The Spanish ‘q-commerce’ app delivers takeout meals, groceries, and other items on demand to more than 10 million users across 20 European countries.
The UK-based food delivery app saw its share price nosedive by as much as 30% during its first day of trading on the London Stock Exchange yesterday.
The San Diego-based startup is digitalizing the meal preparation business so that smaller players can streamlime operations, cut inefficiencies, and boost profits.
It’s environmentally clean, growing at double digits, and able to increase the convenience of doorstep grocery delivery, writes Manuel Gonzalez.
The UK food delivery app also said it will pay its self-employed drivers IPO bonuses of up to $13,827 each.
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.
Bouyed by booming demand for e-grocery amid Covid-19 and some promising unit economics, Good Eggs is expanding beyond the Bay Area.
Drizly, which hosts thousands of merchants across 1,400 US cities on its alcohol delivery marketplace, will be integrated into Uber Eats.
Like many of its peers, the Finnish food delivery app has diversified into groceries and other goods during the Covid-19 pandemic.
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.
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.
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.
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.
The San Francisco startup has onboarded 300 new businesses during the pandemic as food retailers scramble to offer consumers new e-commerce options.
Sun Art operates close to 500 stores across China which have been integrated with Alibaba’s food e-commerce platforms Taoxianda and Tmall Supermarket.
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.
The Indian food delivery unicorn is planning to go public in H1 2021.
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%.
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.
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