MARKET REPORT: Deliveroo soars as talk of US takeover heats up
Your Personal Navigator in the Ever-Evolving World of Food Delivery
Week 03/3/2024
🍕 Food Delivery
MARKET REPORT: Deliveroo soars as talk of US takeover heats up. Deliveroo shares were in demand yesterday as the takeover of arch-rival Just Eat Takeaway sparked speculation about more deals in the sector (Thisismoney).
Deliveroo launches the ‘Collecteroo’ initiative in collaboration with UAE Food Bank. Deliveroo UAE has collaborated with the UAE Food Bank to launch ‘Collecteroo’, a first of its kind initiative designed to enhance food security and reduce food waste across the UAE. The ‘Collecteroo’ initiative will see a dedicated van collect surplus food from supermarkets, trading companies, hotels, and restaurants (Zawya).
Santiago court confirms fines to delivery company for labor violations. The Santiago Court of Appeals confirmed the ruling that set the total amount of fines to be paid by the company PedidosYa Chile SpA (Delivery Hero E-Commerce Chile SpA) for violating the Labor Code at 70 UTM (Poder Judicial).
Uber Eats vs. DoorDash: Inside the legal battle between ‘two titans’ of delivery. Uber Eats wants a more level playing field for first-party delivery contracts, and accuses DoorDash of intimidating partner restaurants that want to team with multiple aggregators (Restaurant Dive).
How Uber Eats is Prioritising Sustainable Food Delivery. Uber Eats has launched a Green Packaging Badge and expanded electric motorcycle deliveries in London, making food delivery more eco-friendly (EV Magazine).
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How is Uber Eats Prioritising Sustainable Food Delivery?
⚡️Q-Commerce
Zepto Cafe crosses 100,000 orders per day mark, says CEO Aadit Palicha. According to Palicha’s post on X, this order rate indicates a $100 million annualised GMV run rate at a near-50% gross margin for the quick commerce platform’s 10-minute food delivery service (The Economic Times).
🛸 Delivery Tech
Baemin launches delivery robot in Gangnam, race with Yogiyo is hotter than ever! Since February 27, Baemin has officially launched its delivery service using the autonomous robot Dilly in Gangnam, Seoul. This robot can carry up to 20kg of goods, move at a speed equivalent to a fast walker, and operate well even in small alleys thanks to LiDAR technology (Vietnam Business Insider).
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Prosus to acquire Just Eat Takeaway.com for €4.1bn.
Prosus to acquire Just Eat Takeaway.com for €4.1bn. Prosus and Just Eat Takeaway.com agree on a recommended all-cash offer for all issued and outstanding shares of Just Eat Takeaway.com (Prosus).
Swiggy Instamart sells 581 chocolates, 324 roses per minutes on Valentine’s Day: ‘Bull run’
Swiggy Instamart sells 581 chocolates, 324 roses per minutes on Valentine’s Day: ‘Bull run’. According to data shared by Swiggy co-founder Phani Kishan, the platform processed orders at a staggering rate during peak hours—581 chocolates and 324 roses per minute. Drawing a comparison with the stock market, Kishan described the surge as a ‘bull run’ for love (Moneycontrol).
Zepto world’s second most downloaded app in food and drink category.
Zepto world’s second most downloaded app in food and drink category. Zepto, the Indian quick commerce startup, last year became the world’s second most downloaded mobile app on mobiles in the foods and drinks category, according to data Sensor Tower released recently.
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