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Week 24/2/2024

🍕 Food Delivery
Didi Food, Uber Eats and Rappi: Functions and differences of food delivery apps in Mexico. Find out how food delivery apps vary in Mexico, with details on rates and exclusive benefits (Marketing4Ecommerce).
Bolt upgrades Bolt Plus service with free Bolt Food delivery. Bolt expands Bolt Plus monthly subscription services to include Bolt Food benefits such as free delivery (Business Review).
Delivery Hero downgraded at Citi as Meituan-led MENA pressures put margins at risk. Citi analysts cut Delivery Hero AG stock rating to Sell from Neutral and trimmed the price target €28 to €26, reflecting concerns over the intensifying competition in the Middle East and North Africa (MENA) region, particularly from Meituan-backed Keeta in Saudi Arabia (Investing).
Rappi gets an update: influencers will now recommend their favorite restaurants and dishes. The popular delivery platform has launched a new interface that includes great new features, including recommendations from food celebrities and sections with personalized offers for each user (Mercado Negro).
Nando’s extends its exclusive partnership with Deliveroo. Nando’s, the UK’s favourite flame-grilled PERi-PERi chicken restaurant, and Deliveroo, the delivery platform, have announced the extension of their exclusive partnership (Retail Times).
Food delivery service Yogiyo acquitted in South Korean criminal antitrust case. Food delivery service Yogiyo has been acquitted in a criminal antitrust case by South Korea’s top court over allegations the company engaged in unfair practices by forcing restaurant owners to provide the lowest prices and terminating contracts with those that failed to meet its recommended price policy (MLEX).
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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Prosus to acquire Just Eat Takeaway.com for €4.1bn.
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Bolt launches in New Zealand
Bolt, a European ride-hailing platform, launched its services in Auckland, New Zealand, on June 11, 2025. This marks the company’s entry into its 51st country, with operations in over 600 cities worldwide
EU fines Delivery Hero and Glovo €329mn for takeaway ‘cartel’
European Commission hands down first punishment for a “no-poach” deal and says food delivery groups shared trade secrets
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
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