Your Fare Raises ‘All Angel’ Round of $2.4 Million

Your Fare, one of the handful of service companies helping restaurant operators make sense of digital delivery, announced a successful venture funding round of $2.4 million. Founder and CEO Chris Monk said the company, which started as a basic accounting tool for online delivery services, has evolved into a more robust offering, including a singular […]

advantage in the food delivery war

Last month, the most coveted partnership in the UK takeaway sector came to an unceremonious end. Uber Eats lost the exclusive rights to make around 15 million McDonald’s deliveries each year in the UK, after the fast-food giant announced plans to open up the relationship to include major rival JustEat. On paper, the union was ideal. McDonald’s made […]

Food Delivery Services DoorDash, Uber Eats, and Postmates Might Merge

One way to figure out how long someone’s lived in San Francisco is to bring up app-based food delivery. To folks who arrived here after their popularity (say, in the early 2010s), it’s a service that’s always been here and is too ubiquitous to fail. But folks who have lived here longer than that have […]

TASCHINGER: Waitr’s app is better than its business model

The smartphone app that allows you to order food from a smorgasbord of restaurants and get it delivered to your door is brilliant. It’s easy, fast and efficient. (It may cause you to spend too much on meals you could prepare for yourself instead, but that’s another column.) Yet this killer app, and countless others […]

Breakingviews – Grubhub has food-fight edge on Uber Eats, DoorDash

NEW YORK/SAN FRANCISCO (Reuters Breakingviews) – Uber Technologies and DoorDash have turned up the heat on older food-delivery rival Grubhub. Brutal competition from the two relative newcomers stripped the $4.8 billion outfit of its position as the big cheese of the industry. It also drove the company into the red last year for the first […]

DoorDash, Postmates, Uber Eats All ‘Discussed Merging In Various Combinations,’ WSJ Says

Food delivery companies DoorDash, Postmates and Uber Technologies Inc (NYSE: UBER) all held some form of merger discussion in 2019, according to The Wall Street Journal’s sources. Since none of the talks among the three food delivery players resulted in any combination, the companies are now evaluating their next steps, the publication reported Tuesday. Postmates, Doordash Weigh IPOs Postmates privately filed to […]

Waitr to lay off 219 in Beaumont, move to contract pay model

Food delivery service Waitr will lay off all 219 drivers in the Beaumont area as it moves to a nationwide contract-only model for workers in April. The Texas Workforce Commission on Thursday released details of a legally required notice from the company that it would terminate the employment of its drivers in Jefferson County and […]

Uber Rides Is Strong But Eats Is A Dead Weight

… The more revenue Uber Eats brings in, the larger the losses. This past quarter Uber Eats was able to improve its sales by 154% year-over-year, but the segment’s EBITDA was down 111%, somehow losing more than it netted in sales. Segment Concerns Uber Eats is operating in a very competitive landscape. There are a […]

Grubhub’s Growth Decelerates for the Fifth Straight Quarter

Grubhub (NYSE:GRUB) lost about 30% of its value over the past 12 months as its growth slowed, its expenses surged, and its profits turned into losses. It lost its crown as the top food delivery platform in America to DoorDash, and it struggled to present any viable turnaround plans for its core business. Grubhub’s mixed fourth-quarter earnings report […]

Uber Eats spent $1B on excess driver incentives, referrals in 2019

Uber reported its Q4 and full year 2019 earnings Thursday, including its Uber Eats results, which reported adjusted net revenue of $1.4 billion for the year, an increase of 82% compared to $759 million in 2018, but reported EBITDA of negative $461 million​, according to a company press release. Much of this loss came from increased […]