Global Food Delivery Giants Navigate Economic Disparities
Your Personal Navigator in the Ever-Evolving World of Food Delivery
Week 30/9/2024
🍕 Food Delivery
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Food delivery companies’ kinky shift of gear. Just Eat Takeaway.com is partnering with Lovehoney Group, one of the world’s leading companies in the sexual wellness industry, to offer sexual wellbeing products to consumers as part of the company’s move into self-care (Financial Times).
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Food delivery apps prioritise convenience, but how do customers know if they’re ordering from a dark kitchen? Have you noticed new dining options popping up on food delivery apps, but can’t find their local shopfront? Chances are the food is coming from a dark kitchen, also known as ghost or cloud kitchens (ABC News).
- Iconic food delivery company shutting down. Yelloh will wind down operations in the next two months with the last day to purchase via its trucks on Nov. 8th (Al.com).
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Judge declares NYC law on sharing food delivery customers’ data unconstitutional. A federal judge on Tuesday declared unconstitutional a New York City law requiring food delivery companies to share customer data with restaurants (Reuters).
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Warning of fake restaurant scam on delivery apps. Customers are being urged to take care when ordering (The Connexion).
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Deliveroo will stay on food delivery’s deals menu. Takeover talks between the US’s DoorDash and UK’s Deliveroo provide a taste of things to come (Financial Times).
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Global Food Delivery Giants Navigate Economic Disparities. The global food delivery market is intricately tied to population dynamics, economic output, and per capita income levels worldwide (Food on demand).
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DoorDash Now Helps Restaurants Create Custom Mobile Apps for Ordering. DoorDash has rolled out a new feature that lets restaurants create their own mobile apps for ordering (Food on demand).
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Third-Party Delivery Providers Win Court Decision Over Consumer Data. You can assume that restaurant operators in New York City, from the casual-dining Italian trattoria in Midtown to the bodega down the street, all agree on one thing: they want access to personalized customer data from third-party delivery providers (Food on demand).
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PedidosYa: online purchases in supermarkets have increased by 30% year-on-year. PedidosYa launched a promotion called “Suelta el Carrito” (Drop the Cart) to encourage online shopping in supermarkets with discount plans and the same prices as in-person purchases (Banca y Negocios).
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China’s Meituan aims to raise up to $2 bln in dollar bond deal, sources say. China’s Meituan opens new tab is aiming to raise up to $2 billion in a 3.5- and 5-year dollar bond deal, according to two sources with direct knowledge of the matter and a term sheet seen by Reuters on Tuesday (Reuters).
Hottest
The gig economy is staying strong on US love of convenience.
⚡Q-Commerce
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Rappi will invest USD 22 million in Argentina: they want deliveries in less than 10 minutes. Due to the trust in Milei’s management, the company confirmed an investment of USD 22 million between 2024 and 2027 (La Derecha Diário).
🍏 Grocery Delivery
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Food delivery is seeing more consolidation: GrubMarket snaps up FreshGoGo. GrubMarket, the $3.6 billion food delivery and supply chain startup backed by Tiger Global, BlackRock and nearly 100 other investors, has snapped up another food delivery startup on its consolidation march: It is acquiring FreshGoGo, a New York-based, B2C platform selling Asian groceries and ready-made dishes (Techcrunch).
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Iceland has expanded its rapid delivery service through a new partnership with Deliveroo. From today (25 September) the frozen food specialist will begin to roll out its new quick delivery service across 53 stores and is expected to launch in more than 800 stores by the end of October (Grocery Gazette).
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Uber cites growth in retail/grocery delivery. Q2 delivery sales up 8% amid new retail, Instacart partnerships (Supermarket news).
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Oppenheimer: Restaurant & grocery delivery survey reveals higher spending. A recent survey of 1,451 respondents indicates continued upside potential for the restaurant and grocery delivery sectors, suggesting growth in user spending and untapped opportunities (Investing).
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Cardiometabolic care solution partners with Instacart for healthy food program. 9amHealth, the leading virtual cardiometabolic care solution, and Instacart, the leading grocery technology company in North America, today announced a partnership that integrates Instacart Health Fresh Funds stipends for nutritious food into 9amHealth’s diabetes, weight, and heart health programs (BlueBook).
🛸 Delivery Tech
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Pickspot partners with peaq to transform Africa’s last-mile delivery using smart parcel lockers. peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), announces the expansion of its ecosystem as Pickspot joins to decentralize last-mile logistics in Africa (Tech in Africa).
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London Hospitals Go High-Tech: Drones to Speed Up Blood Sample Delivery, Improving Patient Care. The United Kingdom’s National Health Service, or NHS, is planning to begin transporting blood samples by drone between two central London hospitals, powered by Wing and Apian (sUAS News).
E-Commerce
E-Commerce
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Indian traders up in arms against e-commerce giants Amazon & Flipkart. The body that has been vocal against foreign retail majors for years, today in the national capital announced a drive to “prosecute” the two behemoths (Business Today).
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Zomato Becomes Overvalued Amid India’s E-commerce Revolution. India’s e-commerce landscape is undergoing a profound transformation, expanding beyond high-income households and metro cities into the vast potential of Tier 2+ markets (Investing).
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Talabat profit soars nearly 4x as groceries drive growth
The strong Q1 performance underscores rising consumer demand for digital convenience and the platform’s ability to diversify beyond restaurant orders
Uber to buy controlling stake in Turkey’s Trendyol GO food delivery business for $700 million.
Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business.
Delivery drivers and couriers for Uber, Didi, and Rappi will have IMSS benefits starting in June.
Attention app delivery drivers and app operators! Starting in June 2025, platform workers like Uber, Didi, Rappi, and others will finally have access to the Mexican Social Security Institute (IMSS) , thanks to the implementation of a reform that seeks to end job insecurity in the digital world.
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