Uber Eats adds social flavor with a new Lists feature for food recommendations
Your Personal Navigator in the Ever-Evolving World of Food Delivery
Week 28/10/2024
🍕 Food Delivery
Zomato users can now schedule order 2 days in advance.Zomato’s order scheduling is available at more than 35,000 restaurants across 30 cities (The Hindu).
Swiggy launches feature to let people living abroad order food for loved ones in India.Payments can be made using international credit cards or available UPI options (Deccan Herald).
A summary of restaurant delivery strategies.Our analysis highlights some key trends shaping the global restaurant delivery industry (The Delivery World).
DoorDash ft. Tony Xu – The “Wrong” Moves That Built a Giant.DoorDash faced skeptics from Day 1. Grubhub,Delivery.com, and others were already addressing the restaurant delivery market when CEO Tony Xu and his co-founders started in 2013 (Sequoia).
Zomato Q2 Results: Net profit jumps 389% YoY, board approves fund raising up to ₹8,500 crore via QIP.However, net profit decreased by 30.43% from Q1FY25 due to a cash balance drop after acquiring Paytm’s ticketing business (mint).
Swiggy introduces ‘Seal’ badge for food quality standards among restaurant partners.The initiative, which is currently live in Pune, will be gradually scaled up during November to cover over 650 cities across India (Deccan Herald).
Uber Eats will be expanding into 12 new locations across the country, focusing on regional towns.From next month, its food delivery will be available in smaller towns like Taupo, Levin, Whakatane, Timaru and Wanaka (NZcity).
Swiggy cuts valuation target for IPO to $12.5 billion-13.5 billion, sources say.Indian food delivery giant Swiggy opens new tab is internally aiming for a company valuation of $12.5 billion-13.5 billion for its upcoming IPO, cutting its target by 10-16% due to market volatility, two people with direct knowledge said on Thursday (Reuters).
Customers report lack of identification of PedidosYa delivery drivers. Customers of the PedidosYa home delivery platform have expressed their concern because delivery drivers arrive at their homes on motorcycles without carrying visible identification, which has generated concern and distrust among users (El munícipe).
Ixigo Enters Train Food Delivery With Acquisition of Zoop.Ixigo’s acquisition of train food delivery service Zoop comes soon after the company’s successful IPO (Skift).
Food Delivery Giants Swiggy, Zomato Hike Platform Fee to ₹10.Swiggy increased its platform fee on restaurant orders from ₹7 to ₹10 on October 24, following Zomato’s similar hike a day earlier, termed a “festive season platform fee.” (India Infoline)
Food Delivery Service Fast Growing Global Market |Grubhub, Deliveroo, Foodora, Delivery.Food Delivery Services have transformed the culinary landscape, offering consumers the convenience of enjoying their favorite meals without leaving the comfort of their homes (OpenPR).
The true cost of convenience: are food delivery apps worth it?They may be convenient but there is a high price to pay for getting that lamb biryani delivered to your door (Business Post).
Food Delivery Platform Swiggy Likely To Launch Its IPO On November 6Swiggy’s IPO, set for early November, aims to raise approximately ₹11,300 crore, marking India’s second-largest offering this year. Amid market volatility, Swiggy lowered its valuation by 25% (Times Now News).
Swiggy unveils ‘International Logins’ for NRIs from 27 countries.The International Logins feature enables those residing outside India with international numbers to transact on Swiggy Food, Swiggy Instamart, Swiggy Dineout and Swiggy Genie (Business Standard).
Uber Eats adds social flavor with a new Lists feature for food recommendations.Uber Eats is enhancing its food delivery platform with the launch of Lists, a new feature that introduces a social element to ordering takeout (LinkedIn).
Hottest
Wolt CEO: ‘We always thought that we would evolve to become more like a bank’.
⚡Q-Commerce
Careem Express introduces first-of-its-kind medical lab delivery service in Jordan.Careem Express introduces a service to deliver laboratory samples between medical labs, becoming the only company licensed to handle and transport lab samples nationwide (Jordan News).
Tata’s Neu Taps BigBasket, Croma for Quick Commerce Segment as Market Competition Grows.As of now, the platform will sell services including grocery, electronics and fashion (Outlook Startup).
Nykaa not planning Qcommerce entry soon: Falguni Nayar.Nykaa is continuously focused on improving delivery timelines, being closer to customers and building out an extensive network, Nayar said (India Retailing).
FMCG firms embrace quick commerce amid shift in urban consumer preferences.A recent report by market researcher NIQ reveals that quick commerce has become the primary grocery shopping method for 31% of urban Indians, with 39% using it for top-up purchases (mint).
Is this the end? Kiranas struggle to keep up with quick commerce Quick commerce platforms are gaining new consumer bases through deep discounts and fast deliveries. Can small retail stores compete? (Deccan Herald)
Saudi q-commerce Nana acquires Rasseed app.Saudi Arabia-based dark store grocery delivery startup Nana has acquired Rasseed application for an undisclosed value (Wamda).
Zepto leads ad spending surge in quick commerce, outpacing Blinkit.Zepto’s revenue surged by more than 1200 percent in FY2023 to $251.7 million compared to $18.9 million in FY2022 as per the data by Tracxn Technologies Ltd (Storyboard18).
🍏 Grocery Delivery
Empire expands its ecommerce via Instacart, Uber Eats partnerships.The grocery banner will now have over 250 stores on the apps, with plans to add more across Canada (Supermarket News).
Tops adds Instacart at seven more stores.Instacart is now available at 146 of 149 Tops Friendly Markets locations (Yahoo! Finance).
Grocery delivery got a huge sales boost in Q3.Online grocery sales surged nearly 14% in the quarter as mass retailers continue to gain momentum in the segment (Retail Brew).
South Africa’s Online Grocery Sector: Trends and Challenges.As South Africa undergoes a digital transformation, the online grocery delivery sector is experiencing revolutionary changes, says the team at Yassir (Media Update).
Instacart Widens Service in Canada.Grocery tech company announces partnerships with Sobeys, FreshCo, Farm Boy and Longo’s (Progressive Grocer).
🛸 Delivery Tech
Traveltech firm Ixigo is acquiring 51% stake in train food delivery app Zoop.ixigo, a prominent player in India’s travel booking industry, is acquiring a 51% stake in Zoop Web Services Private Limited, a train food delivery service provider (Indian Startup News).
Starship and Bolt partner to launch robot-powered grocery delivery.The Estonian-founded tech giants have partnered to set the pace for sustainable city delivery in Europe (tech.eu).
E-Commerce
Walmart will start delivering prescriptions to customers’ doorsteps as CVS and Walgreens struggle.Walmart said Tuesday that it will start delivering prescriptions to customers’ doorsteps (CNBC).
Just Eat Takeaway.com confirms that it will proceed with its intention to cease operations in France following a consultation period which was first announced in July 2024 and recently completed
Estonian ride-hailing and food delivery startup Bolt said on Thursday it had hit 2 billion euros ($2.11 billion) in annual revenue, as the European rival of U.S.-based Uber opens new tab grows its global presence and prepares to go public