food delivery

Gokada to launch ride-hailing service in two Nigerian cities as part of super app plans

When two of Indonesia’s biggest companies — ride-hailing company Gojek and e-commerce marketplace Tokopedia — joined forces as GoTo Group last month, a key highlight from the merger

Instacart speeds up grocery orders with ‘Priority Delivery’ option

Instacart is speeding up grocery delivery. The company announced today it’s debuting a faster delivery service, “Priority Delivery,” in select markets across the U.S. and Canada, wit

Glovo splurges $208M on three Delivery Hero brands in the Balkans

The high-stakes game of chess (or, well, consolidation chicken) that is on-demand food delivery rolls on today with a little more territorial swapping in Europe: Barcelona-based Glovo has agreed to bu

Jumia’s Q1 earnings report continues to show falling losses, slow growth

African e-commerce giant Jumia today shared its earnings for the first quarter of 2021 that ended in March. While its customer count grew, a drop in the company’s revenues spoke to the fact that

Hangry, an Indonesian cloud kitchen startup with plans to become a global F&B company, closes $13M Series A

Hangry, an Indonesian cloud kitchen startup that wants to become a global food and beverage company, has raised a $13 million Series A. The round was led by returning investor Alpha JWC Ventures and i

Taster grabs $37 million for its native online restaurants

French startup Taster has raised a $37 million Series B funding round from Octopus Venture, Battery Ventures, Latitude (LocalGlobe), HeartCore, Rakuten, GFC and Founders Future. The company operates d

DoorDash announces new pricing for restaurants, with commissions as low as 15%

DoorDash is announcing new pricing plans for the restaurants that use the platform for pickups and deliveries. Before this, the company did not offer standardized pricing across restaurants. However,

Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions

With the increase of digital transacting over the past year, cybercriminals have been having a field day. In 2020, complaints of suspected internet crime surged by 61%, to 791,790, according to the FB

Deliverect gobbles up $65M for a platform that streamlines online and offline food orders

Restaurants rode a wave of usage of food delivery services like Deliveroo, Uber Eats and DoorDash in the last year, discovering new revenues and ways to connect with diners to offset the fact that in-

‘Bowl food’ startup Poke House closes $24M Series B led by Eulero Capital to expand in Europe

The food tech industry is effectively now going into fast food. Sweetgreen in the U.S. is a “fast-casual” restaurant chain that serves healthy “bowl food”. It’s raised $478.6 million

Grab to go public in the US following $40 billion SPAC deal

Ride-hailing and delivery company Grab has announced plans to go public in the U.S. Based in Singapore, the company has evolved from a ride-hailing app to a Southeast Asian super app that offers sever

Elior acquires food delivery startup Nestor

Corporate catering company Elior has acquired French startup Nestor for an undisclosed amount. Nestor originally started with a simple idea to differentiate itself from food delivery giants, such as D

India’s Swiggy nears $5 billion valuation in new $800 million fundraise

Swiggy has raised about $800 million in a new financing round, the Indian food delivery startup told employees on Monday, as it looks to expand its business in the country quarters after the startup c

Starship Technologies CEO/CTO Ahti Heinla joins TC Sessions: Mobility 2021

For obvious reasons, food delivery was among the categories that soared during a year of COVID-19 related lockdowns. The question remains how these changes will impact both grocery and restaurant deli

Spain’s Glovo picks up $528M as Europe’s food delivery market continues to heat up

On the heels of Deliveroo raising more than $2 billion ahead of its debut on the London Stock Exchange this week, another hopeful in the food delivery sector has closed a super-sized round. Glovo, a s

Deliveroo drags on the LSE at £3.31, down 15% on its £3.90 pricing; closes down 44% on debut at £2.87

Update: It seems that the market is volatile indeed. After pricing its shares at the lower end of the range, Deliveroo, trading as “ROO” on the London Stock Exchange, opened at 331 pence (

Brazil’s iFood outlines sustainability initiatives aiming to reduce its carbon footprint

The Brazilian-based pan-Latin American food delivery startup iFood has announced a series of initiatives designed to reduce the company’s environmental impact as consumers push companies to focu

Egypt’s customer engagement platform for F&B brands in MENA, Koinz, raises $4.8M seed

As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Koinz is one suc

Deliveroo posted narrowed loss of $309M, with gross transactions surging to $5.7B in 2020, EITF shows

The clock has officially started ticking on Deliveroo’s plans to go public in April. After announcing last week that it planned to list on the London Stock Exchange, today the on-demand food del

Deliveroo confirms anticipated floatation in London, will be among first to use ‘dual shares’ structure

Food delivery startup Deliveroo has today confirmed its stock market floatation in London, something which was on the cards previously. The latest valuation in June last year was over $7 billion. The
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