Boolanga Business Bites

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

Week 29/04/2024

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?? Food Delivery

Delivery Hero ups revenue guidance on rising orders, ad revenue. German online takeaway food company Delivery Hero opens new tab on Thursday raised its revenue guidance for the year, after reporting better-than-expected growth in the first quarter, on rising orders and advertising revenue (Reuters ).

With Douyin looming, Meituan shifts focus back to its core business. Meituan Shangou, its quick commerce business, could play a significant role in its strategy to counter competition from main rival Douyin (KrASIA ).

Glovo dominates food and grocery delivery platforms. Glovo is the most preferred digital platform for the delivery of food and groceries in Kenya (Business Daily ).

Swiggy, the Indian food delivery giant, seeks $1.25B in IPO after receiving shareholder approval. Swiggy, an Indian food delivery and instant commerce startup, plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, it disclosed in a filing to the local regulator (Techcrunch ).

Swiggy IPO Out For Delivery. While Swiggy's revenue base has grown considerably over the past year, the real question is whether profitability is within reach ahead of the IPO ( Inc42 ).

Meituan Plans to Launch Food Delivery Platform KeeTa in the Middle East. According to recent reports, Meituan is planning to introduce its international food delivery platform KeeTa in the Middle East, with Riyadh, the capital of Saudi Arabia, set to be the initial launch location, potentially within the coming months (Pandaily ).

Uber and Klarna Team on New Payment Options for Rides, Deliveries. Uber and Klarna have joined forces to offer users new ways to pay for rides and deliveries (PYMNTS ).

Uber Eats to accept federal benefits payments in late 2024. The online delivery platform of Uber Technologies Inc. is entering a partnership to enable processing of SNAP EBT payments (Chain Store Age ).

Local commerce specialist Wolt now lets customers order from two different places at once, with one delivery fee. Finnish food delivery and technology company Wolt has announced the launch of Double Order, a feature that allows customers to order from two restaurants or stores at the same time with one delivery fee (Retail Tech Innovation ).

EU Lawmakers Approve Scaled-back Rules For App Worker Rights. The European Parliament on Wednesday endorsed rules to strengthen the rights of workers in the gig economy on digital platforms such as Uber and Deliveroo (Barron's ).

Republican senators probe Uber Eats, DoorDash and Grubhub after Post report on migrant workers. Three Republican US senators have a special order for Uber Eats, DoorDash and Grubhub (New York Post ).

Singapore Plans Law to Support Gig Workers’ Retirement Needs. Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said (Bloomberg ).

Meituan to bring delivery service KeeTa to Riyadh following its CEO’s take over of overseas business. China’s food delivery giant Meituan is hiring Arabic- and English-proficient talent for its likely entry into Riyadh, the capital of Saudi Arabia, as the company puts expansion beyond China on its agenda as domestic consumption falls (Technode ).

?Q-Commerce

Government Asks Quick Commerce Platforms To Prove Claims Of Delivering Orders Within 10 Minutes. Quick commerce platforms like Blinkit, Swiggy Instamart, Zepto, and Big Basket have been asked to share their data on median delivery time (Outlook Business+Money ).

Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs. Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis (Techcrunch ).

Getir, Gorillas close to pulling out of Germany. Turkish grocery delivery company Getir is close to withdrawing from Germany almost a year and a half after it bought rival Gorillas, German media reported on Wednesday (Reuters ).

Getir shareholders to pay for Europe withdrawal under cash injection. Getir shareholders are set to pump more money into the grocery business to cover its withdrawal from the UK and Europe (Retail Gazette ).

Getir mulls sale of shopping platform n11 among options, sources say. Turkish grocery delivery company Getir is considering the sale of online shopping platform n11 among options in discussions with investors on a new road map, two sources close to the matter said (Reuters ).

If Getir Exits Europe, Will Turkish Focused Future Include FreshDirect? The kart dash for ultrafast delivery went into reverse this week, with the heavily flagged news that investors in Turkish-based specialist Getir would reach into their pockets once again, but this time to fund its exit from several European markets (Forbes ).

?? Grocery Delivery

Rohlik Group invests in automation technologies as AutoStore powered warehouse goes live in Berlin. European e-commerce grocery delivery firm Rohlik Group has gone live with Knuspr.de in Berlin, Germany, powered by an automated warehouse and AutoStore technology (Retail Tech Innovation ).

Ocado Grows Faster Than Rivals Amid Talk of Quitting London. Ocado Group Plc grew faster than Britain’s major supermarkets as its UK grocery division showed signs of recovery (BNN Bloomberg ).

Ocado faces investor calls to abandon London listing for New York. The board of grocery technology business Ocado will face a question about staff pay inequality at their annual general meeting on Monday (CITYA.M. ).

Instacart Stock Drops as Amazon Launches Grocery Delivery Service. Instacart stocks sold off on Tuesday after Amazon began offering a comparable grocery-delivery service that will heat up competition in the already crowded market (Barron's ).

Blinkit more valuable than Zomato's food delivery business: Goldman Sachs Initially viewed as a daring rescue mission, Zomato's acquisition of Blinkit in 2022 rattled investors, causing a 20 per cent dip in Zomato's share prices (Business Standard ).

?? Delivery Tech

Serve Robotics Enters Production Agreement with Magna to Scale Robot Manufacturing. Serve to rely on Magna's manufacturing expertise to scale its fleet to up to 2,000 robots for Uber Eats and for geographic expansion (PR Newswire ).

Zipline drone startup hits 1 million deliveries, eyes restaurant expansion. Zipline, a drone delivery startup from San Francisco, has reached the milestone of 1 million deliveries and is now expanding into the restaurant business (Baseline ).

Amazon is shutting down its drone delivery service in California as it looks to other markets. Amazon’s winding down Prime Air operations in Lockeford, California, in another setback to its pioneering drone delivery program (The Verge ).

?? Restaurant Tech

From Omnichannel POS Systems to AI-Powered Chatbots, Technology is the Future of the Restaurant Industry. The adoption of omnichannel POS platforms has transformed how restaurants operate (Restaurant Technology News ).

Restaurant Technology Trends, Tools and Insights for 2024. Technology is helping restaurants to survive and thrive amid challenging conditions. Here's how (Tech.co ).

Restaurant report shows tech expansion in foodservice. Technology use in restaurants is accelerating, creating new touchpoints between restaurants and the consumers they serve, according to the National Restaurant Association’s Restaurant Technology Landscape Report 2024 (blue book ).

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