Just Eat Takeaway faces pressure from top shareholders

Just eat Takeaway.com Is one of Europe’s largest food delivery companies with a market value of $ 17.8 billion. However, one shareholder believes that Grubhub owners should be more valuable. “JET’s terribly flawed communications have become the worst performing online food delivery stock in the last two years, despite its strong operational track record,” Catlock Capital …

Uber to buy a company that makes software to manage shipping for $2.25 billion

Uber Freight, the rideshare company’s trucking division, said Thursday it’s acquiring Transplace in a deal that values the transportation logistics company at $2.25 billion. Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG. The deal consists of up to $750 million in common stock of Uber and …

$9 Billion Gopuff just hired a top Uber Eats executive to help lead its global expansion

Gopuff has hired away a longtime Uber Eats executive to take a lead role in its strategy and international operations as the Philadelphia-based convenience store delivery service ramps up its growth plans, according to people familiar with the matter. Jon Feldman, a seven year veteran at Uber, last headed up the strategy and planning team …

Just Eat ups guidance after UK delivery orders soar 733% as it takes on Deliveroo and UberEats

JustEat Takeaway.com has upgraded growth guidance after seeing UK orders soar by 733% as the global food delivery giant takes on Deliveroo and UberEats. The FTSE 100 firm, which trades as Just Eat in the UK, said in a trading statement that it saw first half group orders up 61% on the same period in 2020. Orders grew by 733% UK-wide in the period, …

Uber Eats Has a Crap Business Model, Part One

There has been a lot written lately about the difficulty third-party delivery companies such as Uber Eats and DoorDash have had making a profit. Any number of analysts have pointed out that profits were elusive (1, 2) for these companies even during the pandemic-driven surge in business, and will presumably be even harder to achieve now that …

Zomato’s IPO to hit market from July 19; 10 things you MUST know about this much waited listing

New Delhi | Jagran Business Desk: Food delivery service Zomato is expected to start the subscription for its initial public offer (IPO) from July 19 at a price band of Rs 70-72 per share. The offer size of Zomato’s IPO will likely be as much as Rs 9,375 crore at this price, making it the second-biggest …

Is the food delivery bubble ready to burst?

E-grocery and restaurant delivery experienced an unprecedented spike in adoption with the start of the novel coronavirus pandemic and startups sprung up and partnered with retailers to facilitate getting food to consumers stuck at home. As the economy reopens, however, some are beginning to ask if all the investment in food delivery fulfillment has created …

Uber is buying the rest of grocery delivery start-up Cornershop

Uber is acquiring the remaining 47% interest in grocery delivery start-up Cornershop in an all-stock transaction, the company said Monday. The acquisition shows how Uber is investing more outside its core ride-hailing business, which has so far failed to prove profitable. The deal comes nearly two years after Uber bought a majority stake in Cornershop for an undisclosed sum. Cornershop …

Delivery company Gopuff acquires Liquor Barn, continuing its retail expansion

Gopuff is acquiring Liquor Barn for an undisclosed amount. It’s the latest in a string of deals including last year’s $350 million acquisition of BevMo. In March, Gopuff raised capital at an $8.9 billion valuation. Gopuff founders Yakir Gola and Rafael IlishayevSource: Dinah W. Brin Delivery start-up Gopuff is acquiring Liquor Barn for an undisclosed …

Delivery service Gopuff acquires rideOS for $115 million

On-demand goods, food and alcohol delivery service Gopuff has acquired fleet management platform rideOS for $115 million, sources familiar with the deal say. This acquisition comes just a few months after the Philadelphia-based startup announced a $1.15 billion funding round at a $8.9 billion valuation, up from $3.9 billion in October. Last fall, the company also raised $380 …