Uber and Instacart Team Up on Restaurant Deliveries, Challenging DoorDash

(Bloomberg) — Instacart is partnering with Uber Technologies Inc. to offer restaurant delivery through the Instacart app — taking on the top US food delivery app, DoorDash Inc. Instacart users in the US will be able to order from hundreds of thousands of restaurants using an Uber Eats interface that will become available within the …

Instacart Brings Groceries and Restaurant Food Together With Uber Eats Deal

Instacart has teamed with Uber to offer its customers restaurant deliveries via Uber Eats. The collaboration, announced Tuesday (May 7) and due to roll out in the weeks ahead, lets Instacart customers order from a wide range of restaurants using a new “Restaurants” tab on the company’s app.  “Through this partnership, Instacart customers now have access to both the best online …

Food-delivery service closes, bankruptcy filing likely

There’s basically nothing proprietary about food delivery.  One company might offer better loyalty rewards or have an easier-to-use app, but the core service remains the same. So, once an area has more than one food-delivery service, it becomes hard for any player in the space to make money. Competition commoditizes the service and drives the …

Grubhub’s Campus Business Grows as Order Volumes Fall

College students aside, fewer Americans are ordering their meals from Grubhub. The food delivery platform’s parent company, Dutch firm Just Eat Takeaway, reported earnings Wednesday (April 17) showing a 6% decline in order volume across its business, and a 12% drop in orders in North America, from 74.1 million in 2023 to 63.9 million this year. Gross transaction value …

Just Eat Takeaway held back in 1st quarter by 10% sales decline in US

Just Eat Takeaway.com NV on Wednesday said it has started the year well, with an acceleration in gross transaction value growth in the UK and Ireland, though the food ordering platform still struggled in the US, where it continues to explore a sale of Grubhub. The weakness in the North America division, comprised of 2021 …

DoorDash v UberEats

Jon Feldman Ex-Uber | Angel InvestorEx-Uber | Angel Investor Counter-narrative: Uber started 1-2 years later than Doordash in food delivery, but still built a larger and more profitable total global business. 2023 Q4 Revenue:Doordash: $2.3BUber Delivery: $3.1B 2023 Q4 Adjusted EBITDA:Doordash: $363MUber Delivery: $476M (Additionally: Uber sold its India, SEA and Russia businesses for stakes …

Food-delivery service closes, bankruptcy filing likely

Food delivery has proved to be a service that customers like but is really hard to make money on. There’s basically nothing proprietary about food delivery.  One company might offer better loyalty rewards or have an easier-to-use app, but the core service remains the same. So, once an area has more than one food-delivery service, …

Once considered a Louisiana success story, this company is now weighing bankruptcy

Waitr Holdings Inc., the parent company of ASAP (formerly Waitr), is considering bankruptcy, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday morning. On Friday night, the Lafayette-based food ordering platform announced it had ceased operations with respect to carry-out services. The company had already ceased delivery services on Feb. 13, …

DoorDash stock falls over 2024 order growth concerns

Shares of DoorDash (DASH) fall Friday, despite the delivery service app beating fourth-quarter revenue estimates. However, the delivery service continues to struggle to return to pre-pandemic levels of growth. In particular, DoorDash trails behind leading delivery competitor Uber (UBER) in key metrics. AKIKO FUJITA: Shares of DoorDash under pressure down more than 10% right now despite the delivery giant beating …

Just Eat expects profits to surge by 40% in 2024

ust Eat Takeaway (JET) revealed a reduced annual loss as it put through a lower impairment charge of €1.54bn (£1.32bn) on past acquisitions, as better-than-expected adjusted cash profits (Ebitda) helped the food delivery app return to a positive free cash flow in the second half of its financial year.  A total depreciation, amortisation and impairment charge of €2.14bn this …