The Delivery Hero-Woowa Bros. Merger Faces Antitrust Hurdles

The proposed $4 billion merger between Berlin, Germany-based Delivery Hero and South Korea’s Woowa Brothers now faces regulatory hurdles around antitrust concerns, according to The Korea Herald. Some South Korean lawmakers have gone as far as to request the deal get scrapped on the grounds that it is anti-competitive. In response, South Korea’s antitrust watchdog, the […]

Foodpanda Launches in Japan, Upping Rivalry With Uber

(Bloomberg) — Delivery Hero SE’s Foodpanda is launching operations in Japan Thursday, expanding its Asian footprint to the world’s No. 3 economy. The company will roll out its meal delivery services in six Japanese cities in a first phase, including Kobe, Yokohama and Nagoya, Jakob Angele, Foodpanda’s Asia Pacific chief executive officer, told Bloomberg TV’s […]

Food Delivery Service Zomato Raises $62M From Temasek

Indian food delivery startup Zomato has raised a $62 million financing round from Singapore’s state investment arm Temasek Holdings. According to the Economic Times, the transaction was made from Temasek unit MacRitchie Investments, which is an existing investor in the food delivery service. The round values Zomato at about $3 billion. It also comes after several […]

Coronavirus forced Chinese food delivery to evolve. Will it do the same in the US?

Matt Maloney says he wipes down his airplane seat with disinfectant every time he flies these days. Maloney, the CEO of food delivery company GrubHub, is exercising the same brand of caution as he watches Covid-19, the disease caused by a novel coronavirus, spread across the globe. And he has every reason to be alert—what we […]

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform

The deal for Uber Eats, which operates in 41 cities, was signed at 3 AM, and its customers will be shifted to the Zomato app from 7 AM today, the report said Despite arriving in the Indian market in 2017, UberEats has not made enough inroads in the online food delivery segment By selling Uber […]

Zomato Raises $150 Mn At $3 Bn Valuation From Ant Financial

Zomato CEO had announced the expected investment last month Ant Financial had 23% stake in the company before this round Zomato may also raise $100-$200 Mn from Uber Online food delivery unicorn Zomato has reportedly raised $150 Mn At $3 Bn valuations from existing investor Ant Financial, which is an affiliate of Chinese ecommerce business […]

Uber all set to sell UberEats’ India business to Zomato

Uber  is in advanced stages of talks to sell its food delivery service UberEats’ India business to local rival Zomato  as the American ride-hailing giant looks to cut its global spending, three people familiar with the matter told TechCrunch. The deal currently values UberEats’ India business at around $400 million, one of the sources said. As part of […]

Zomato in talks to acquire UberEats; Uber puts price tag of $500 million

Uber has put its food delivery business UberEats on the block again for a price tag of $500 million. Zomato is learned to be the frontrunner in acquiring the food delivery business. The current round of negotiations involves a stock deal with Uber, additionally, investing in the homegrown company’s ongoing $500-600 million round. The talks […]

Meituan Shows You Can Make (Adjusted) Food Delivery Profit

This morning Meituan Dianping announced its third-quarter results, including 44.1 percent revenue growth to 27.5 billion RMB ($3.91 billion), and post-tax profit of 1.3 billion RMB ($189.1 million). Meituan improved from stiff year-ago losses on both an operating and net basis, making its growth and incomes all the more notable. The company, which provides deals, reservations, and on-demand […]

Uber Eats to pull out of South Korea amid tough competition

SEOUL (Reuters) – Uber Technologies Inc’s (UBER.N) restaurant delivery business will terminate its service in South Korea, Uber Eats said on Monday. Facing intense competition in the world’s No.4 online food delivery market, the U.S. company is struggling to revamp its brand in South Korea. “After two years’ partnering with local restaurants to offer convenient, […]