Boolanga Bites

Your Personal Navigator in the Ever-Evolving World of Food Delivery

Week 01/7/2024

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?? Food Delivery

Deliveroo takeover talks offer a taste of things to come in the sector. They say the way to a loved one’s heart is through the stomach (Financial Times).

Brazil's iFood sees financial arm growing revenue by more than half in 2025. Brazilian food delivery firm iFood expects revenue from its financial arm to rise 52% in the 2025 fiscal year, the company, owned by Dutch technology (Tradingview).

Ukraine’s Glovo delivery service grew by 23% from its pre-war indicators, and the Spanish company plans to continue investing. The company reestablished the business volumes it recorded before the full-scale invasion by the Russian Federation by November 2022, the co-founder of the service, Sasha Misho, and the Director of Glovo Ukraine (Ukraine Business News).

Is Uber Eats’ courier pick, pack and pay the panacea promised? Uber Eats couriers receive grocery orders, go to stores to collect and then deliver them to customers’ doorsteps (The Grocer).

Ukrainian-founded startup Allset is acquired. SoundHound, a company providing voice artificial intelligence, has announced the acquisition of Allset, a Ukrainian-founded online ordering platform that connects restaurants and local Customers (AIN).

Just Eat Takeaway teams up with Amazon in Germany, Austria, Spain. Europe's biggest food delivery firm Just Eat Takeaway opens new tab said on Wednesday it has struck a deal to offer Amazon Prime opens new tab members in Germany, Austria and Spain free delivery of food orders above 15 euros (Reuters).

Delivery Drivers Got Higher Wages. Now They’re Getting Fewer Orders. Apps raised fees to offset pay increases in New York and Seattle, frustrating customers and workers (Wall Street Journal).

Nigeria’s food delivery industry whets investors’ appetite. Sector forecast to double in value over eight years but soaring inflation will erode families’ spending power (Financial Times).

Grab bucks the trend of struggling food delivery operators. The food delivery market in 2024 continues to experience a downward trend, and would be valued at around 86 billion baht, a 1% year-on-year contraction (Nation Thailand).

Deliveroo will stay on food delivery’s deals menu. Takeover talks between the US’s DoorDash and UK’s Deliveroo provide a taste of things to come (Financial Times).?

?? Grocery Delivery

Rohlik rolls up $170M to expand in European grocery delivery and sell its tech to others. The salad days of fresh grocery delivery startups are over, but those that have stayed the course, and built businesses that are seeing gains, are still here and hungry for more growth (Techcrunch).

HelloFresh shares dive 42% after meal kit giant warns on outlook. HelloFresh shares plunged 42% on Friday after the company said it expected lower earnings in 2024 (CNBC).

Ola To Re-enter Grocery Delivery Via ONDC. In July 2015, the company rolled out an online grocery store in Bengaluru, shortly after introducing a food delivery app in March of the same year (BW).

Grubhub makes a bold move into grocery delivery. The third-party delivery platform is joining forces with Albertsons, adding more than 1,800 supermarkets to its offerings (Restaurant Business).

?Q-Commerce

Getir is restructuring: The company will continue its journey as two separate groups. Getir announced today that it has received a new investment of $250 million, will undergo a strategic restructuring after the investment and will continue its operations as two separate groups, each focusing on different market opportunities (Marketing Türkiye).

EXCLUSIVE: Independents with Uber Eats snap up demand from Getir exit. Uber Eats has confirmed that it is seeing an uptick in demand in areas previously covered by Getir, with convenience stores filling the space (Better Retailing).

Uber Eats launches quick new grocery shopping service. Uber Eats Japan launched a new service on June 26 that allows its couriers to shop for customers at supermarkets and deliver the groceries to their homes (The Asahi Shimbun).

?? Delivery Tech

Scoop: Kalanick’s Latest Idea for Disrupting Food May Be No-Fee Bulk Food Delivery & Automated Pick-Up Kiosks. When Travis Kalanick showed up at the Food on Demand conference this past May, technology and restaurant industry insiders could hardly believe it (The Spoon).

???? Restaurant Tech

Experts discuss future of cloud kitchens, influence of AI in food delivery. The summit, themed 'Intersection of Technology and Sustainability in Food Delivery' was inaugurated by Deputy Chief Minister DK Shivakumar (Deccan Herald).

?? E-commerce

Unilever boosts sales for Ben & Jerry’s with retail data. Unilever partnered with Mindshare to drive awareness and sales of its new Ben & Jerry’s desserts in Singapore (The Trade Desk).

Amazon fights back: new discount store to challenge fast-fashion e-commerce rivals. With the rapid changes in the online market, e-commerce giants, like Amazon, are stepping up their game and introducing new strategies (The National).

AI startup Daydream raises $50M to transform e-commerce. AI-powered e-comm startup Daydream raises $50 million in funding (Jing Daily).

Customer behaviours shaping sustainability of e-commerce. Changes in consumer habits are putting e-commerce platforms under pressure to transform sustainably (Vietnam Investment Review).

Amazon reaches $2 trillion market cap for the first time. Amazon crossed $2 trillion in market cap during intraday trading on Wednesday (CNBC).

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