GrubHub Stock Slides As Amazon Offers UK Prime Members Free Delivery

Just Eat Takeaway.com  (GRUB) – Get Grubhub, Inc. Report shares slumped lower Wednesday after Amazon announced a partnership that will provide free food delivery for Prime members in the U.K. in a move that could also add pressure to rivals such as DoorDash  (DASH) – Get DoorDash Report and Uber Eats  (UBER) – Get Uber Technologies, Inc. Report. Amazon is offering a free year of …

Uber Eats other food delivery firms under the spotlight in Spain as new laws come into force

MADRID (AP) — A new law requiring food delivery companies in Spain to hire delivery riders and drivers as employees rather than freelance contractors took effect Thursday with labor unions urging close monitoring and inspections to enforce it. Spain’s Trade Union Confederation said the so-called Riders Law would “put an end to the labor fraud …

Meal delivery company Doordash has its eyes on Europe

The American meal delivery company Doordash has European ambitions. It wants to realise these by investing in the Berlin-based express grocery delivery service Gorillas, also active in Belgium and the Netherlands. Growth money Bloomberg reported that Gorillas was looking for fresh capital to open warehouses in new cities a few months ago. The Berlin start-up was aiming for …

Deliveroo shares rise after German rival takes stake in the business

LONDON – Shares of food delivery firm Deliveroo climbed over 10% Monday after the company announced larger German rival Delivery Hero has taken a 5.09% stake in the business. The firm’s stock climbed from £3.36 ($4.66) per share to £3.60 per share in early deals on the London Stock Exchange Monday, reaching their highest point since trading began in …

Deliveroo eyes leaving Spain as riders become staff

MADRID: Deliveroo’s trademark green rucksacks may soon disappear from Spanish streets after food delivery firm said it was considering leaving that market where its riders will soon be recognized as staff. “Deliveroo is intending to consult with its employees over ending its operations in Spain,” the app-driven food delivery firm said in a statement just two …

Gorillas in talks to take DoorDash investment at a $2.5bn valuation

10-minute grocery startup Gorillas is in talks to raise a new funding round led by US’s largest food delivery company DoorDash at a valuation far below what it had hoped earlier this year.  Two sources told Sifted that the Berlin-based startup was expecting to raise at a $2.5bn valuation, which is far below the $6bn …

DoorDash in talks to invest in German grocery app Gorillas

Gorillas has already raised over $ 300 million from investors such as Tencent, DST Global and Coatue Management, reaching a valuation of $ 1 billion in its latest round in March. Some of those existing investors may participate in new rounds. Spokespersons from both DoorDash and Gorillas declined to comment. According to Edison Trends, DoorDash …

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. …

DoorDash Goes on European Deal Hunt Just Months After IPO

DoorDash Inc., the largest food-delivery company in the U.S., is seeking acquisitions in Europe, adding another well-capitalized competitor to an already crowded market. The company has made inquiries about potential food delivery targets in Europe, according to people familiar with the matter, who asked not to be named discussing private information. Germany and the U.K. …

Uber Eats launches new features and some leave the ‘riders’ behind

Uber is a company of contrasts. As the passenger transport division closed 2020 with $ 6.768 billion in losses, Uber Eats’ worldwide sales soared 224%. The confinements and limitations to mobility were taking away its main business, at the same time that the delivery division became the support of the technology company. Now, Uber is …