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

Week 5/8/2024

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?? Food Delivery

FOODPANDA PARTNERS VISA SOLUTION CYBERSOURCE TO ENHANCE CUSTOMER CHECKOUT EXPERIENCE IN APAC. Foodpanda, a subsidiary of Delivery Hero, has on Thursday announced its strategic partnership with Cybersource, a Visa Solution, to elevate their customer checkout experience through frictionless payments in more than 10 markets across Asia Pacific (tnglobal ).

Delivery Hero, Glovo targeted in EU cartel investigation. EU antitrust regulators on Tuesday launched an investigation into German online food takeaway firm Delivery hero and its Spanish unit Glovo on concerns that the two companies may have taken part in an online food delivery cartel (CNBC ).

Just Eat Takeaway announces buyback as Europe leads profits beat. Just Eat Takeaway opens new tab reported a more than 40% jump in first-half core profit on Wednesday, led by its main European markets, announced a share buyback programme and said it was focused on using technology to cut costs further (Reuters ).

Snoonu shakes up Middle East delivery scene with revolutionary Reels feature.Snoonu, the leading Qatari tech startup, is disrupting the delivery app market with the groundbreaking launch of its Reels feature, a first in the Middle East (The Peninsula ).

The food delivery bubble is bursting — and maybe that's not a bad thing. On-demand food delivery is not working for customers, couriers, restaurants, or even the companies behind the apps (Salon ).

Delivery Hero merges its foodora, Yemeksepeti, and foodpanda business teams. New organization to boost operational excellence and increase business leverage across Europe and Asia (Delivery Hero ).

Zomato Expands Beyond Food Delivery With District App. Zomato's new app, District, integrates dining, entertainment and staycations, aiming to become a major player in the going-out market (BW Marketing ).

Yogiyo cuts delivery commission, undercutting bigger rivals. Korean food delivery app Yogiyo announced Thursday it will reduce its delivery commission fee to 9.7 percent from 12.5 percent, offering the lowest rate among major delivery platforms in the country (AJU Press ).

China experiences 25 large-scale floods this year, setting new record since 1998. Average temperature in July highest on record since 1961 (Global Times ).

Zomato collected ?83 crore in platform fee from customers till March. Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue (The Hindu ).?

Calls for crackdown on food delivery drivers. Councillor claims up to 20 bikes have been spotted parking on the pavement in the high street

Food delivery motorcyclists are parking illegally on pavements on the High Street in Epsom and the problem is getting worse, county councillors have claimed (BBC ).

As Chowdeck dominates food delivery, its ad business is growing. The appeal of advertising on Chowdeck, Nigeria’s most popular food delivery app, continues growing as its business grows (Techcabal ).

New Food Delivery Services Are Flooding the New York Market. Are Any Worth It? Businesses are targeting everyone from new moms to carnivores (Bloomberg ).

DoorDash Q2 earnings: The delivery giant posts another strong quarter. DoorDash’s second-quarter revenue increased 23% year-over-year to $2.6 billion, beating Wall Street’s estimates (Fast Company ).

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?? Grocery Delivery

Morrisons expands Just Eat tie-up to 380 supermarkets. Morrisons has expanded its partnership with Just Eat to include groceries from its supermarkets, as well as deliveries from its cafés and convenience stores (Retail Gazette ).

Zomato Q1 FY25: Blinkit's expansion outside grocery segments, next target 2,000 dark stores by 2026, says CEO Dhindsa. Zomato Q1 FY25 results: Blinkit achieved impressive financial performance in the first quarter of the fiscal year 2025. The revenue of its quick commerce vertical increased significantly by 22% quarter-on-quarter, reaching Rs 942 crore (Business Today ).

Amazon Q2 Preview: Expanding Into Grocery Delivery Market. Amazon introduced a grocery delivery subscription for Prime members, aiming to monetize its 200 million Prime members and enhance Whole Foods' competitive advantage (Seeking alpha ).

Every Second American Buys Food Online. According to Statista's Consumer Insights, more than half of Americans have ordered groceries online for delivery in the past 12 months before the survey was carried out between July 2023 and June 2024 (Statista ).

?? Delivery Tech

Drone food delivery is spreading across Australia. Research suggests we will eat more junk food as a result. Last week, a drone delivery company called Wing (owned by Google’s parent company, Alphabet) started operating in Melbourne (The Conversation ).

?? Q-commerce

Quick-commerce failure is a symptom of demand for affordable digital channels. Many q-commerce businesses experienced bankruptcy last year (Retail Insight Network ).

Zomato dishes out tasty earnings numbers helped by quick commerce. Q-commerce potential, market leadership, and other factors to help sustain rapid growth going forward (Money control ).

BBNow starts delivering the gooMER CHECKOUT EXPERIENCE IN APAC. Foodpanda, a subsidiary of Delivery Hero, has on Thursday announced its strategic partnership with Cybersource, a Visa Solution, to elevate their customer checkout experience through frictionless payments in more than 10 markets across Asia Pacific (tnglobal ).

Delivery Hero, Glovo targeted in EU cartel investigation. EU antitrust regulators on Tuesday launched an investigation into German online food takeaway firm Delivery hero and its Spanish unit Glovo on concerns that the two companies may have taken part in an online food delivery cartel (CNBC ).

Just Eat Takeaway announces buyback as Europe leads profits beat. Just Eat Takeaway opens new tab reported a more than 40% jump in first-half core profit on Wednesday, led by its main European markets, announced a share buyback programme and said it was focused on using technology to cut costs further (Reuters ).

Snoonu shakes up Middle East delivery scene with revolutionary Reels feature. Snoonu, the leading Qatari tech startup, is disrupting the delivery app market with the groundbreaking launch of its Reels feature, a first in the Middle East (The Peninsula ).

The food delivery bubble is bursting — and maybe that's not a bad thing. On-demand food delivery is not working for customers, couriers, restaurants, or even the companies behind the apps (Salon ).

Delivery Hero merges its foodora, Yemeksepeti, and foodpanda business teams. New organization to boost operational excellence and increase business leverage across Europe and Asia (Delivery Hero ).

Zomato Expands Beyond Food Delivery With District App. Zomato's new app, District, integrates dining, entertainment and staycations, aiming to become a major player in the going-out market (BW Marketing ).

Yogiyo cuts delivery commission, undercutting bigger rivals. Korean food delivery app Yogiyo announced Thursday it will reduce its delivery commission fee to 9.7 percent from 12.5 percent, offering the lowest rate among major delivery platforms in the country (AJU Press ).

China experiences 25 large-scale floods this year, setting new record since 1998. Average temperature in July highest on record since 1961 (Global Times ).

Zomato collected ?83 crore in platform fee from customers till March. Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue (The Hindu ).?

Calls for crackdown on food delivery drivers. Councillor claims up to 20 bikes have been spotted parking on the pavement in the high street Food delivery motorcyclists are parking illegally on pavements on the High Street in Epsom and the problem is getting worse, county councillors have claimed (BBC ).

As Chowdeck dominates food delivery, its ad business is growing. The appeal of advertising on Chowdeck, Nigeria’s most popular food delivery app, continues growing as its business grows (Techcabal ).

New Food Delivery Services Are Flooding the New York Market. Are Any Worth It? Businesses are targeting everyone from new moms to carnivores (Bloomberg ).

DoorDash Q2 earnings: The delivery giant posts another strong quarter. DoorDash’s second-quarter revenue increased 23% year-over-year to $2.6 billion, beating Wall Street’s estimates (Fast Company ).

?

?? Grocery Delivery

Morrisons expands Just Eat tie-up to 380 supermarkets. Morrisons has expanded its partnership with Just Eat to include groceries from its supermarkets, as well as deliveries from its cafés and convenience stores (Retail Gazette ).

Zomato Q1 FY25: Blinkit's expansion outside grocery segments, next target 2,000 dark stores by 2026, says CEO Dhindsa. Zomato Q1 FY25 results: Blinkit achieved impressive financial performance in the first quarter of the fiscal year 2025. The revenue of its quick commerce vertical increased significantly by 22% quarter-on-quarter, reaching Rs 942 crore (Business Today ).

Amazon Q2 Preview: Expanding Into Grocery Delivery Market. Amazon introduced a grocery delivery subscription for Prime members, aiming to monetize its 200 million Prime members and enhance Whole Foods' competitive advantage (Seeking alpha ).

Every Second American Buys Food Online. According to Statista's Consumer Insights, more than half of Americans have ordered groceries online for delivery in the past 12 months before the survey was carried out between July 2023 and June 2024 (Statista ).

?? Delivery Tech

Drone food delivery is spreading across Australia. Research suggests we will eat more junk food as a result. Last week, a drone delivery company called Wing (owned by Google’s parent company, Alphabet) started operating in Melbourne (The Conversation ).

?? Q-commerce

Quick-commerce failure is a symptom of demand for affordable digital channels. Many q-commerce businesses experienced bankruptcy last year (Retail Insight Network ).

Zomato dishes out tasty earnings numbers helped by quick commerce. Q-commerce potential, market leadership, and other factors to help sustain rapid growth going forward (Money control ).

BBNow starts delivering the goods. Q-com vertical contributes 50% of BigBasket revenue (Financial Express ).

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