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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How a Chinese giant is disrupting Saudi Arabia’s food delivery?
How a Chinese giant is disrupting Saudi Arabia’s food delivery? Can Keeta, Meituan’s global brand, use the Middle East as a springboard for other international markets?
UAE’s talabat acquires instashop from Delivery Hero for $32M.
Deliveroo creates ‘Dip & Dine’ inflatable range to treat yourself to a takeaway in the tub.
Move over pineapple on pizza. There’s a bigger, better, ‘bubblier’ debate in town because Deliveroo is launching a new accessory for the ‘eating in the bath brigade’. Deliveroo’s new ‘Dip & Dine’ inflatable range is the world’s first inflatable in-bath dining solution – specially created for Brits who want to chow down on their favourite takeaway whilst they relax in a bubble bath
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).
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