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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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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
MARKET REPORT: Deliveroo soars as talk of US takeover heats up
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.
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