US online grocery sales cross $10 billion mark in October

🍕 Food Delivery

DoorDash Wants to Give You a Ride and a TV Show With Dinner. With rideshare and delivery apps becoming commonplace for more US consumers, the companies behind these popular services think they can win your loyalty and grow even bigger if they work with one another (Bloomberg).

Mutibagger Zomato shares up 117% year-to-date, Morgan Stanley sees more upside potential. Zomato share price: Zomato’s stock has rallied around 117 per cent in 2024 so far compared to a little over 7 per cent rise in benchmark BSE Sensex in the same period (Business Today).

Uber Eats announced as Official Takeaway Partner of the PDC. The Professional Darts Corporation announces Uber Eats as the Official Food Delivery Partner (PDC).

Starbucks App Now Includes DoorDash-Powered Delivery. Starbucks now offers access to delivery powered by DoorDash through its own app (PYMNTS).

DoorDash to pay $11.3M in Illinois tip settlement. The settlement will fund payments to as many as 79,000 workers who completed deliveries on the app from 2017 to 2019 (Restaurant Dive).

Zomato, Swiggy brush off reports of antitrust violation: all you need to know. Zomato said the Competition Commission of India (CCI) had issued a prima facie order in April 2022 calling for an investigation into potential violations under the Competition Act, 2002 (The Economic Times).

Just Eat Takeaway offloads US unit Grubhub for $650 mln, shares jump. Europe’s biggest meal delivery firm Just Eat Takeaway opens new tab said on Wednesday it had agreed to sell its U.S. unit Grubhub to Wonder at a steep loss to the billions it paid a few years ago, ending a years-long search for a buyer and boosting its shares (Reuters).

Meituan eyes Southeast Asia expansion to leverage growth amid strong earnings. Meituan has recently completed a significant fixed-income offering of $1.19562 billion in senior unsecured notes, demonstrating its strong financial health and strategic expansion efforts (Yahoo).

Zomato targets December launch for $1 billion QIP, ropes in Morgan Stanley. Zomato informed its investors that the fundraise is meant to strengthen its balance sheet at this point and that there is also no plan for any minority investments or acquisitions (Money control).

KeeTa’s new campaign strengthens ties with Hongkongers. KeeTa, the takeaway platform operated by Chinese food delivery group Meituan (美團), has launched a campaign in partnership with local creative agency Durian, aiming to strengthen ties with local consumers while showcasing unique offerings (Marketing interactive).

Grab Holdings Third Quarter 2024 Earnings: Beats Expectations. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates (Yahoo).

S.Korea’s food delivery apps relish fresh boom in demand. Delivery fees are the top consideration for food delivery app users, one survey found (The Korea Economic Daily).

Uber Eats highlights delivery trends in annual report. In its sixth annual Cravings Report, released on Thursday, November 14, Uber Eats provides a snapshot of the most popular, the most surprising and some of the wackiest delivery requests of the past year (Bake).

Bengaluru-based Food Delivery Startup Swish Expands To Bellandur. Swish began its journey three months ago in HSR Layout, Bengaluru, after Shah and co-founders Ujjwal and Saran left their corporate jobs to build something meaningful (BW Disrupt).

Food delivery service biz accelerates in Ethiopia. Sector inspired by China-invested firm in capital city (China daily).

GST officials discuss Swiggy, Zomato taxation. The reason for the review is the Directorate General of GST Intelligence (DGGI) notice of last year questioning the classification of delivery charges (Business Today).

Female Food Delivery Partner Riding Bike With Child Wins Hearts Online, Netizens Call Her ‘Sherni’. A heartwarming video of a female food delivery partner riding a bike with her child seated in front has gone viral, capturing the admiration of netizens (Pune Pulse).

What’s the Deal With Wonder, the ‘Food Hall’ That’s Suddenly Everywhere? Wonder wants to fix food delivery — so it just acquired Grubhub (Eater).

Grab CFO Peter Oey joins Caroline Hyde after posting 3Q earnings that beat estimates and boosting its earnings forecast for the year, saying they’re willing to double-down on advertising. He speaks on “Bloomberg Technology.” (Youtube)