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 …

$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 …

Why Restaurants Feel Trapped By Delivery Apps

The pandemic offered a huge boost to third-party delivery companies like DoorDash and Uber Eats as brick and mortar restaurants around the country were forced to close. Revenue for the four biggest apps doubled from 2019 to 2020, and the market continues to grow. But is that a good thing? Are they profitable? And what …

Inside the Fight to Become the Dominant Delivery App

Back in 2019, GrubHub CEO Matt Maloney was coming to grips with a new reality. “We believe online diners are becoming more promiscuous,” he wrote to shareholders after a particularly mediocre quarter. Grubhub had spent years as the market leader in restaurant delivery. But by fall 2019, it was no longer on top. Earlier that …

Bolt Food guns for rivals Uber Eats, Mr D Food

Bolt Food SA, the food delivery arm of ride-hailing firm Bolt, plans to expand into Johannesburg, as it looks to take on main competitors Uber Eats and Mr D Food. The food delivery app, which launched in Cape Town during the onset of the COVID-19 lockdown, says it has experienced 50% month-on-month growth in the …

Grubhub promotes CFO Adam DeWitt to CEO

Dive Brief: Following the Tuesday closure of Just Eat Takeaway.com’s acquisition of Grubhub, Matt Maloney, Grubhub founder and CEO, has become a member of JET Management Board while Grubhub President and CFO Adam DeWitt has been promoted to CEO, according to a press release.  Maloney will be one of four executives running the global business, with …

Delivery Apps Are Making Concessions to Restaurants. But Who Pays?

Nossa, a southern Brazilian restaurant in Los Angeles, opened in January when the city was still in lockdown. At that time, offering food to go was the only option, and director of operations Xandre Borghetti was happy to use big delivery companies to support the business’s launch. “During the pandemic, I was talking to every …

Profits May Not Be So Seamless for DoorDash, Uber Eats

They say those who don’t learn from history are doomed to repeat it. But in food delivery, DoorDash and Uber Eats are trying to avoid repetition. Last month, Grubhub Chief Executive Matt Maloney called food delivery a “crummy business” in an interview with The Wall Street Journal, something he has been quoted as saying in …

DoorDash may be plotting European expansion

Dive Brief: DoorDash is reportedly planning to expand in Germany, which would mark the foodservice delivery company’s European debut, according to the Quebec News Tribune. DoorDash has 21 job posting listed in Berlin, with roles ranging from management to recruitment and logistics.  The United Kingdom is also on DoorDash’s radar for expansion, and it could enter either Germany or the U.K. …