Local Commerce Platform Wolt Launches Wolt Capital

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Week 17/6/2024

🍕 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.

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