Delivery management platform provider Bringg has partnered with Uber Direct, an on-demand white label delivery service from Uber, to improve the customer delivery experience in France. The partners provide local enterprises with access to the courier network for last-mile deliveries, helping them offer convenient delivery options to their consumers. The collaboration aims to allow Uber Direct France to …
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Just Eat Takeaway is cutting 390 jobs from its workforce in France, constituting part of a broader global restructuring effort as the food delivery giant looks to reverse its recent downturn. Just Eat Takeaway is the result of a $7.6 billion merger between the U.K.’s Just East and Dutch rival Takeaway.com back in 2020. Shortly after, the …
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Shares trade almost 12% lower CEO does not expect inflation to hit demand Say no interest in buying Grubhub Q1 revenues up 52% at 2.1 billion euros April 28 (Reuters) – Delivery Hero’s (DHER.DE) shares slumped on Thursday as investors appeared to cash in on strong first-quarter results from the German online takeaway food company, whose business …
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Germany’s Delivery Hero is set to become Glovo’s majority shareholder following a deal to acquire an additional 39.4% stake of the Spanish delivery startup, of which it already held 44%. We learned of the deal over the holidays, but you’ll be excused if you missed the news when it broke — the deal was announced on December 31 after 11 …
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Rapid delivery startup Flink SE raised $750 million from investors led by DoorDash Inc. to expand its market position in Europe’s competitive quick commerce sector. The Berlin-based company’s Series B funding round valued the firm at $2.1 billion before the new financing, and included participation from Mubadala Capital, according to a statement Friday. Flink was founded in 2020 and …
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Uber will halt its ride-hailing service in most of Belgium tomorrow following a court ruling Wednesday that extends a 2015 order banning its p2p UberPop service to also cover professional drivers providing its ride-hailing service. Uber told us that it is studying the detail of the ruling to decide whether to appeal the decision with …
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Consolidation continues in the delivery sector. DoorDash announced it has agreed to acquire Wolt (pronounced “volt”), a Helsinki-based delivery firm in an all-stock transaction that values the company at approximately $8.1 billion. If the proposed merger goes through, it will be the largest in the meal delivery space. “This partnership is really about acceleration and …
Food delivery companies are hungry for more. DoorDash announced yesterday (Nov. 10) it is buying Wolt, a Helsinki-based food delivery startup, in an all-stock transaction valued at $8 billion, marking the latest consolidation in the food delivery market. The deal will help DoorDash, which is the market leader of the US food delivery market, expand its international presence. Wolt, …
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DoorDash Inc said on Tuesday it would buy Finland-based rival Wolt Enterprises OY in an all-stock deal valued at about 7 billion euros ($8.09 billion), as the biggest US food delivery expands into Europe. A pandemic-driven boom in demand for services offered by DoorDash and rivals is expected to ease in the coming months, but …
DoorDash Inc. is leading a fundraising round in Flink SE with a pre-money valuation for the Berlin-based grocery delivery startup of $2.1 billion, people familiar with the matter said. Flink is raising several hundred million dollars in the round from DoorDash and existing investors, and is set to announce the results in the coming weeks, the people said, …
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