The UK’s Competition and Markets Authority has decided to move forward with an investigation into Amazon’s stake in the online food delivery group Deliveroo, it announced Friday. Amazon led a $575 million fundraising round by Deliveroo in May, and its stake would give it more say in running the online food delivery group’s far-reaching UK network. But the […]
Tag Archives: Deliveroo
Amazon’s Deliveroo Takeout Leaves an Unpleasant Taste
It’s the worst nightmare of supermarkets and food delivery firms alike: Amazon.com Inc. turbocharging its grocery business with a network of couriers who can have grub on your doorstep within an hour. So you can see why Britain’s competition regulator has decided to challenge the e-commerce giant’s planned investment in Deliveroo, the U.K. rival to […]
Amazon-backed Deliveroo grew its sales by 72% last year — but it’s still smaller than rivals Uber Eats, Grubhub, and Just Eat
Amazon-backed Deliveroo posted sales of £476 million ($584 million) in 2018 — equal to about 60% of Grubhub’s and Just Eat’s sales last year, and 40% of Uber Eats’ sales. The meal-delivery startup’s pre-tax loss rose 16% to £232 million ($285 million), a far cry from Just Eat’s £102 million ($125 million) and Grubhub’s $81.4 […]
Deliveroo’s ‘rescue team’ will convert struggling restaurants to delivery-only
U.K.-based food delivery service Deliveroo has launched a “Restaurant Rescue Team” that will identify struggling or recently-closed restaurants and offer them space in the platform’s delivery-only kitchens, the firm announced yesterday. Deliveroo will also assist participating restaurants — which will be selected based on projected delivery performance in areas with Deliveroo Editions kitchens — with menu […]
Glovo Said to Have Held Early-Stage Talks With Uber, Deliveroo
Spanish food delivery startup Glovo has drawn preliminary interest from Uber Technologies Inc. and Deliveroo in recent months as the industry undergoes a wave of consolidation, people familiar with the matter said. Talks between the Barcelona-based company and potential partners have been on and off and may not lead to a transaction, the people said, asking not […]
Amazon Shutting Down Restaurant Delivery in the U.S.
…But the most interesting bit of relevant funding news came from Amazon itself, which was part of a recent $575 million fundraise by UK-based food delivery company Deliveroo. Firing up the speculation engine, it’s not hard to imagine a scenario where Amazon’s moola helps Deliveroo make a move into the U.S. That could actually be the smarter […]
How a fresh cash infusion from Amazon will help Deliveroo
…Improvements to the firm’s engineering team could make Deliveroo’s app easier to use for both consumers and restaurants. For example, the firm’s engineering team could improve the search and discoverability functions on the app. And for restaurants, Deliveroo’s engineers could look to make improvements to the app that would speed up the new restaurant onboarding […]
Amazon to Invest in Deliveroo, a Rival to Uber in Food Delivery
…The bet will put even more pressure on Uber, whose public-market debut last week was dented in part because of concerns that its once-meteoric growth rate was slowing down. (Other food-delivery businesses took a hit as well: Shares in Just Eat were down more than 8 percent in trading in London on Friday, at 622 […]
‘Curse of Amazon strikes again’: What experts are saying about the tech giant’s Deliveroo deal
…“The curse of Amazon strikes again,” said Russ Mould, investment director at brokerage firm AJ Bell. “The online giant is now so dominant the mere mention of its entry into a new industry can leave incumbent companies and their shareholders quaking with fear.” Mould says the technology titan could be looking to compete with food […]
Challenging Food Delivery Services, Amazon Makes Major Investment in Deliveroo
…Founded in 2013, Deliveroo now operates in over 500 towns and cities in 14 countries ranging from Ireland to Kuwait to Taiwan. The company has partnered with over 80,000 restaurants and employs 2,500 people around the world. Deliveroo said the infusion of funds will be put towards investments such as growing the platform’s engineering team, […]