Boolanga Business Bites

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

Week 21/5/2024

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?? Food Delivery

Uber to buy Delivery Hero’s Foodpanda Taiwan business in $1.25bn deal. Shares in German food delivery company soar as it announces purchase (Financial Times ).

Uber adds student discount, restaurant lists in latest product rollout. As part of Uber’s Go-Get 2024 event, the company said it will soon allow Uber Eats users to curate and share lists of their favorite restaurants from the app (Restaurant Dive ).

Just Eat Takeaway.com AGM adopts all resolutions. The Annual General Meeting of Just Eat Takeaway.com has today approved all proposals on the agenda, including the adoption of the annual accounts for the financial year 2023 (Just Eat Takeaway.com ).

Doordash Gets Approval for Pay Settlement With Delivery Drivers. Doordash’s agreement to pay no more than $663,520 to settle allegations that it failed to pay drivers minimum wages under the Fair Labor Standards Act was approved by a federal judge (Bloomberg Law ).

Delivery Hero successfully completes the redenomination of its EUR term loan into South Korean won. Delivery Hero further optimizes its capital structure by successfully redenominating its existing EUR 540 million term facility to South Korean won (Markets Insider ).

Talabat launches DineOut Deals in the UAE. The new feature supports restaurants while giving customers the chance to discover, save, and pay through the app (Zawya ).

Petal Ads and talabat partner to boost business expansion with cutting-edge targeting capabilities. Talabat will be utilizing Petal Ads, Huawei's digital advertising platform, to propel its business expansion through cutting-edge targeting capabilities (Zawya ).

Zomato CEO Launches "Healthier Suggestions" Feature, Internet Reacts. The “Healthier Suggestions” feature, which suggests healthier alternatives to dishes being ordered, has generated significant online interest and discussion (NewsX ).

Zomato expands paid priority delivery to three more Indian cities. The service was first introduced in areas of Mumbai and Bengaluru in April 2024 (Verdict Food Service ).

Grab Sees Generative AI Boosting Cost-Cutting Drive. CFO Peter Oey says the company believes generative AI is “going to stay”. (The Wall Street Journal ).

Prosus and Naspers name iFood head Bloisi as new CEO. Dutch technology investor Prosus PRX.AS and its South African parent group Naspers NPNJn.J on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van Dijk who stepped down last September (CNBC Africa ).

Indian food delivery platform Zomato misses Q4 profit estimates, shares dip (Reuters ).

?Q-Commerce

Gopuff Cuts 6% of Workforce in Bid for Positive Cash Flow. The layoffs will affect hundreds of Gopuff corporate employees (Bloomberg ).

Amazon, Flipkart to have quick commerce play in certain categories: Delhivery CEO Sahil Barua. Quick commerce platforms, including Zepto, Blinkit, and Swiggy Instamart, are strategically expanding their offerings to encompass broader categories such as fashion, electronics, home appliances, and luggage (Business Today ).

Management Feud at Delivery App Getir Turns Bitter After Exits. A power struggle at grocery delivery company Getir is turning increasingly bitter as the Istanbul-based startup shuts down foreign operations and shareholders spar over key management positions (Yahoo Finance ).

Getir suppliers allegedly left unpaid as rapid delivery firm races for the exit. Rapid grocery delivery firm Getir has allegedly left some of its UK suppliers with huge unpaid bills after scrambling to exit its international markets over the past month, City A.M. understands (City A.M. ).

Getir ventures into partnership territory with Türkiye Wealth Fund amid speculations. The exact motivation behind Getir's handshake with TVF remains undisclosed, yet the company's recent downturn may have played a significant role (Türkiye ).

Gopuff launches 24/7 grocery delivery in Swansea promising to price match Aldi. INSTANT Grocery Delivery Platform Launches 24/7 Service and Aldi Price Match Promise in Swansea (Herald Wales ).

Getir quits UK with multimillion pound Tottenham Hotspur debt (Manxradio ).

?? Grocery Delivery

Instacart forecasts upbeat current-quarter, taps Uber veteran as CFO. Instacart opens new tab forecast its second-quarter gross transaction value (GTV) and core profit above estimates on Wednesday, helped by a surge in grocery orders as well as higher fees for the advertisements it showcases on its grocery delivery platform (Reuters ).

Instacart adds restaurant delivery with Uber Eats. The new service builds on various other business streams and add-ons Instacart has rolled out as it moves beyond its core grocery delivery offering (Grocery Dive ).

Carrefour Polska Expands Collaboration With Wolt. Carrefour Polska has expanded its collaboration with Wolt to 59 stores across the country, following a successful pilot in two stores (ESM ).

Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ. Online supermarket Ocado opens new tab, discounter Lidl and upmarket food seller Marks & Spencer opens new tab were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday (Reuters ).

Instacart Becomes Kohl’s Same-Day Delivery Partner, Continues Expansion Beyond Grocery. Instacart has become the exclusive same-day delivery partner of Kohl’s (PYMNTS ).

???? Rest Tech

Restaurant Tech Company Makes Its Drive-Thru AI More Independent. From the rise of digital ordering apps to the ubiquity of self-service kiosks, there's no question whether the food service industry has been quick to embrace tech-forward innovation (Tasting Table ).

Chipotle Rolls Out RFID Technology to Improve Supply Chain Visibility and Restaurant Inventory Management. To enhance visibility, Chipotle has implemented radio frequency identification (RFID) tags across its supply chain (Restaurant Technology News ).

New Technology Puts Financial Improvements on the Menu for Restaurants. Even as Main Street businesses outperform the rest of the economy, there’s a whole different set of rules for restaurants (PYMNTS ).

Tableo makes waves in restaurant tech with groundbreaking AI Assistant (Beta). Meticulously trained to answer guests' questions, seamlessly manage reservations and streamline restaurant operations (Times Malta ).

?? Delivery Tech

Rwanda to start using drones to supply vaccines, blood in August (Reuters ).

?? E-commerce

Brands and retailers are still trying to figure out the secret to impulse purchases in online grocery. Brands and retailers are still trying to figure out how to drive impulse purchases for online pickup and delivery grocery orders (Modern Retail ).

Small businesses are optimistic about 2024 ecommerce growth. Alibaba survey data indicates online sales will play a significantly larger role in small businesses' overall strategy in 2024, highlighting the increasing importance of ecommerce platforms (Digital Commerce 360 ).

Mytheresa leads the struggling e-commerce market with 18% sales growth. The German retailer is making the most of the volatile market, leaning into the US market and high-spending customers (Vogue Business ).

Customer Satisfaction Concerns Drive eCommerce Merchants’ Security Upgrades. Ninety-five percent of eCommerce merchants have either already started enhancing their anti-fraud resources or plan to do so before the year is out (PYMNTS ).

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