Local Commerce Platform Wolt Launches Wolt Capital

Your Personal Navigator in the Ever-Evolving World of Food Delivery

Week 17/6/2024

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🍕 Food Delivery

Shiba Inu: Historic Web3 Food Delivery Paid Entirely With SHIB. Shiba Inu (SHIB) has just made history by becoming the first memecoin to be used as payment in a Web3 food order (Watcher.guru).

Small restaurant owners say missing Skip, Dash and Uber orders taking a bite out of business. Owners say they hear from customers weekly about items missing or orders not showing up (CBC).

Food delivery skyrockets, major cities complain. Drivers are often operating unregistered vehicles and breaking traffic laws (North State Journal).

Uber Eats worker banned for delivering food on horseback.
Stanley Chen has confessed the viral video has seen him temporarily removed from the food-delivery platform (Yahoo news).

DoorDash Faces the Might of Amazon and Uber. What It Needs to Do to Win (Barron’s).

Zomato Business model: How this online food delivery platform earns profit.
Zomato is currently available in 45 countries and receives around 2 lakh orders every day (Zee Business).

Northwich Eats announced as rival to Just Eat and Uber Eats
14th June. A new food delivery service is coming to Northwich (Northwitch & Winsford Guardian).

Zomato to invest Rs 300 cr in Blinkit, total rises to Rs 2,300 cr.
It will separately invest Rs 100 cr in live events and ticketing business (Business Standard).

Local Commerce Platform Wolt Launches Wolt Capital. Wolt, the local commerce platform, has announced the launch of Wolt Capital, a new service providing access to additional financing for merchants (FinTech).

Wolt CEO Miki Kuusi On How To Thrive In The Competitive World Of Online Grocery.
Since its launch in 2014, Finnish local commerce platform Wolt’s journey has been one of expansion (ESM).

foodpanda introduces own grocery private label range ‘bright’. ‘Bright’ products are procured directly from suppliers, resulting in cost efficiencies that enable items to be priced competitively with non-house branded products (Dhaka Tribune).

Hottest

Zepto set to raise $650 million at $3.5 billion valuation.

⚡Q-Commerce

Zepto set to raise $650 million at $3.5 billion valuation.
Zepto funding news: Quick grocery delivery platform Zepto is geared up to raise nearly $650 million from existing and new investors (Zee Business).

Inside India’s $2.8 billion quick-commerce boom: Blinkit, Instamart, and Zepto eye lion’s share.
Zomato-owned Blinkit leads the Q-commerce market in India, expanding beyond groceries (Invezz).

Third-party firms Delhivery, Xpressbees look to sort out logistics of quick commerce race.
Third-party logistics firms like Delhivery and Xpressbees are venturing into the quick-commerce sector to support platforms such as Swiggy Instamart, Blinkit, and Zepto as demand surges (The Economic Times Tech).

Interview with Taha Magrabi, Director Q-Commerce, foodpanda Pakistan.
‘Q-commerce holds immense promise with ongoing advancements in consumer behaviors and technology ’ (Business Recorder).

Zepto’s Financing Round Might Include DST Global, Lightspeed, Valuing Start-Up at $3 Billion: Report .
The quick commerce platform is expected to raise $300–350 million, valuing it at $2.5–3 billion (OBM).

Ice cream nightmare highlights quick commerce’s food safety issues.
The discovery of a human finger by a customer in a Yummo brand ice-cream ordered from Zepto on Thursday adds to the growing list of safety concerns raised over food items delivered by ultra-fast delivery firms (The Economic Times Tech).

🍏 Grocery Delivery

Robotisation earns Picnic first gross profit.
Thanks to increased robotisation in its distribution centres, Dutch online supermarket Picnic has achieved gross profits for the first time (Retail Detail).

Purchase a goat or sheep for Udhiyah through Careem this Eid.
In line with the Eid Al Adha tradition, customers in Dubai and Abu Dhabi can order their Udhiyah meat through Careem Quik Groceries (Zawya).

How on-demand delivery is reshaping India’s $11 billion online grocery market.
In a middle-class suburb of Mumbai, workers at SoftBank-backed Swiggy’s grocery warehouse race against time to deliver orders within 10 minutes (InsideRetail).

On demand grocery delivery firm Zepto preps $650 million funding round to duke it out with Blinkit and Instamart.
Indian rapid grocery delivery platform, Zepto, is set to raise $650 million from a combination of existing and new investors, taking its valuation to approximately $3.5 billion (Retail Technology Innovation Hub).

50% of grocery deliveries by EVs: Flipkart’s path to a greener supply chain.
As the demand for e-grocery services surges in India, Flipkart is leading the way by intertwining sustainability with innovation in its supply chain (Hindustan Times).

May online grocery sales fall as consumers drop pickup sales.
Pickup orders accounted for the largest portion of U.S. online grocery sales in May 2024, but that method’s sales declined year over year (Digital Commerce 360).

🛸 Delivery Tech

Walmart Expands Tech-Driven Services with Drone Deliveries and AI Assistant.
Walmart is further integrating cutting-edge technology into its services, introducing drone deliveries into its app, expanding its InHome service, and launching a GenAI-powered shopping assistant (Drone life).

📱 E-commerce

Africa sees rise in e-commerce, digital marketplace. Online shopping is booming across Africa, with the digital marketplace estimated to grow to $75 billion by 2025. Big players like Amazon want to capitalize, but how can the continent unlock its e-commerce potential? (DW)

AI Is Re-Shaping E-Commerce. Here’s How To Use It To Free Your Time And Focus On Growth.
It’s not easy to be an e-commerce entrepreneur today (Forbes).