GRUBHUB’S NEW OWNER OFFERS GLIMPSE OF POTENTIAL U.S. STRATEGY

Just Eat Takeaway.com on Wednesday laid out its plan to gain market share by expanding its delivery network, investing in customer acquisition and lowering fees across its 23 global markets—which will soon include the U.S. The Amsterdam-based delivery company is in the process of acquiring Grubhub in a $7.3 billion transaction set to be completed in the first half of …

Just Eat Takeaway sales soar 54% in 2020 as pandemic shifts eating habits

Food delivery group Just Eat Takeaway recorded ballooning sales – and losses – during the Covid pandemic as families shifted to dining at home. The group, formed by the £6bn merger of London-listed Just Eat and Dutch group Takeaway.com last year, said sales soared 54% in 2020 but operating losses mounted to €107m (£92m) from €78m a …

Just Eat Takeaway.com sees growth in 2021 even as pandemic eases

AMSTERDAM (Reuters) – Just Eat Takeaway.com expects further growth in 2021 after a surge in business during the COVID-19 pandemic helped it meet expectations for full-year 2020 earnings, the online food-ordering and delivery company said on Wednesday. It expects to win market share in Britain in 2021, and achieve revenue growth, despite plans by rival …

Grubhub Slams DoorDash’s Chicago Fee and Temporarily Drops Customer Charges

Third-party deliverer Grubhub is charging head-first into the city’s burgeoning delivery wars, announcing on Tuesday that the company is eliminating customer fees this winter in an effort to encourage more customers to order in, according to a news release. In making the announcement, Grubhub takes a swipe a DoorDash for it’s $1.50 Chicago Fee that …

Grubhub: Justeats Bet On The Wrong Horse

Summary Grubhub stock will be moving towards $75.15 in H121 (from the current price of $74) as the merger with Justeats gets regulatory approval. The foodtech market in general is a “winner takes all market” with companies striving to gain >50% market share. Grubhub has been the biggest loser in the food-delivery space as Doordash …

EatStreet Shoots for Midwest Delivery Dominance

As the “big four” delivery brands contract to the “big three,” a vanishingly small number of regional players are thriving below the radar. Started in a dorm room 10 years ago, Madison, Wisconsin-based EatStreet has raked in $50 million in investment funds, which helped the company expand to four states and 25 delivery markets across …

DoorDash: Peeling Back The Onion And I’m Not Crying

Summary Food delivery is just table stakes, DoorDash wants to deliver eventually all things to its consumers. DoorDash is EBITDA positive and is generating positive contribution profit per order. In 2018 and 2019, growth is driven by existing consumers. During COVID, DoorDash acquired the highest value consumers compared to the industry. The Elevator Pitch What …

DoorDash Is Trouncing Its Rivals, and That’s Just the Start

The financial details for DoorDash Inc. — one of the biggest beneficiaries from the pandemic and one of the year’s most anticipated initial public offerings — are now out and they are stunning. Even more important for would-be investors, they signal that the food-delivery leader has a good chance of thriving in another larger industry: the last-mile delivery …

Lyft Explores ‘Untapped’ Segment of Food Delivery Market

Ride-hailing second chair Lyft said it will soon be entering the food-delivery space. The San Francisco-based ride-sharing operator reported a nearly 50-percent drop in quarterly revenue, falling to $499.7 million. That’s still ahead of analyst expectations, but like Uber, Lyft is now looking to pivot into a growing part of the convenience economy. According to …

Lyft Seeks Slice of Food Delivery

SAN FRANCISCO, CA – Food delivery continues to climb up as a preferred method for consumers seeking to spice up their daily routine. Lyft has taken note of this and is currently working on cutting a slice of the foodservice pie for itself. Zimmer stated that the company was looking to enter what it considered an untapped market …