The Co-op is launching a 24-hour online grocery delivery service
Your Personal Navigator in the Ever-Evolving World of Food Delivery
Week 23/9/2024

🍕 Food Delivery
- Mexico, second largest food delivery market in Latin America. The value of the Mexican market is expected to reach $2.53 billion by the end of this year, below the $8.44 billion projected for Brazil, the leader in the region (El Economista).
- SoftBank-Backed App Rappi Expects to Be IPO-Ready in 12 Months. Rappi Inc., one of Latin America’s most valuable startups, expects to be ready to launch an initial public offering in 12 months, co-founder Simon Borrero said in a press conference (Yahoo Finance)
- TAKE YOUR FOOD DELIVERY OPERATION TO THE NEXT LEVEL. In the last issue of theDelivery.World – in which we reviewed overall performance of the restaurant delivery market over the past twelve months or so – we said that, in this issue, we will delve further into what makes for success for the 130+ companies that provide restaurant delivery – order capture plus last mile delivery – around the world (The Delivery World).
- Just Eat issue allergy warning as customers ‘strongly encouraged’ to follow advice. Just Eat has “strongly encouraged” customers with a peanut allergy to contact the restaurant, café or takeaway they are ordering from if they have ordered products containing mustard (Yahoo news).
- Food Delivery Apps Cost Indian Households Rs 12,000 Extra Annually. Uncovering Hidden Costs on India’s Aggregator Platforms’ shows how small, insignificant additional fees on food delivery platforms eventually add up to a big number affecting household budgets (Slurrp).
- Online Food Delivery and Takeaway Market Rewriting Long Term Growth Story: Bolt Food, Glovo, Deliveroo. The latest survey on Online Food Delivery and Takeaway Market is conducted to provide hidden gems performance analysis of Online Food Delivery and Takeaway to better demonstrate competitive environment (OpenPR).
- Revenue of the leading online food delivery markets worldwide in 2024(in billion U.S. dollars). In 2024, China was forecast to be the biggest market for online food delivery worldwide, generating around 450 billion U.S. dollars in revenue (Statista).
- The Zomato Effect: Food Delivery Giant Sees 100% Growth in Brand Value, Hits $3.5 Billion. Zomato has recently been on an impressive run, going from reporting profits last year to now becoming a multibagger stock on the bourses (Outlook Business).
- Meituan riders out-earn the average worker in Beijing, data from food delivery giant shows. A new report by the company portrays gig employment as an alternative for people in between full-time jobs (SCMP).
- Food delivery and ride-hailing sales hits $5bn in H1. Thailand’s online food delivery and transportation industries are experiencing rapid growth driven by different factors (Thailand Business News).
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The gig economy is staying strong on US love of convenience.
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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
Uber to buy controlling stake in Turkey’s Trendyol GO food delivery business for $700 million.
Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business.
Delivery drivers and couriers for Uber, Didi, and Rappi will have IMSS benefits starting in June.
Attention app delivery drivers and app operators! Starting in June 2025, platform workers like Uber, Didi, Rappi, and others will finally have access to the Mexican Social Security Institute (IMSS) , thanks to the implementation of a reform that seeks to end job insecurity in the digital world.
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