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 […]

Lyft seeks slice of food-delivery amid a slow recovery in rides

Nov 10 (Reuters) – Lyft Inc said on Tuesday it was working on a new service to take a slice of the burgeoning food-delivery market as it works to make up for a 48% drop in quarterly revenue and a slow recovery of ride-hail demand. Unlike larger ride-hail rival Uber Technologies Inc , Lyft has […]

Lyft Is Going All-In On Delivery Business To Take On Uber Eats

Lyft Inc LYFT President John Zimmer said Tuesday the company is expanding its deliveries business after finding success with a pilot program during the COVID-19 pandemic. Zimmer, talking to investors on the company’s third-quarter earnings call, said Lyft has been “very pleased” with the essential deliveries pilot, which it had launched to provide drivers with incremental opportunities to earn […]

Waitr’s Footprint and Fintech Make for an Appetizing Takeover Target

When it comes to regional expansion, Uber Technologies, Inc., Just Eat Takeaway, and Doordash tend to take big bites. Who might be their next M&A target? One prime candidate to consider is food ordering and delivery business Waitr Holdings, Inc., which connects local restaurants to diners in underserved markets where it usually has a dominant […]