“An Absolute Car Crash” – Deliveroo Shares Tumble 31% In London IPO

In what some might take to be the latest sign of exhaustion in global equity markets, shares of Deliveroo tumbled 31% in their market debut Wednesday after pricing at the lower end of their range. Despite pricing near the bottom of its range, Deliveroo’s opening valuation of about £7.6 billion ($10.5 billion) was the highest in …

Foodhub looks to raise £100m for acquisition drive

UK-based takeaway delivery app Foodhub is hoping to raise £100 million in private equity funding to drive its global expansion and grow through acquisitions. The Stoke-on-Trent company has already expanded across numerous continents through acquisitions, including the USA, Mexico, New Zealand and, most recently, Australia. Founded in 2017, Foodhub has rapidly emerged as a genuine …

Delivery player Vromo inks deals with Square and Olo

The partnerships will see the Irish company integrate its tech with Olo’s operations and use Square for payments processing. Food delivery software start-up Vromo has signed deals in the US with Jack Dorsey’s payments giant Square and food ordering firm Olo. The partnerships will see Dublin-based Vromo integrate Square’s payment processing and point-of-sale technology with …

Italy Just Forced Uber Eats, Three Other Companies, To Hire 60,000 Workers

Could it be deja vu all over again? The same ride sharing services that are constantly doing battle in the U.S. about whether or not they should be hiring their workers – a move that would cripple their cost structure and any hopes of future profitability for their respective businesses – are now fighting the same …

Uber Drivers Are Entitled to Worker Benefits, a British Court Rules

Uber suffered a major defeat in one of its most important markets on Friday when Britain’s Supreme Court, in a ruling that could threaten the future of the already unprofitable company, said a group of drivers should be classified as workers entitled to a minimum wage and vacation time. The court’s decision, the latest in …

Spain’s Glovo Looks to Speed Up Delivery Commerce

Glovo stands out as a fairly unique approach to third-party delivery that combines a lot of unique operations from dark kitchens and warehouses to tightly packed pickup centers. At first blush, the company that operates in 22 countries looks a lot like a standard third-party delivery startup. It taps into 46,000 couriers to deliver all …

The Delivery Hero-Woowa Bros. Merger Faces Antitrust Hurdles

The proposed $4 billion merger between Berlin, Germany-based Delivery Hero and South Korea’s Woowa Brothers now faces regulatory hurdles around antitrust concerns, according to The Korea Herald. Some South Korean lawmakers have gone as far as to request the deal get scrapped on the grounds that it is anti-competitive. In response, South Korea’s antitrust watchdog, the …

Uber Eats exits seven markets, transfers one as part of competitive retooling

Uber  Eats is pulling out of a clutch of markets — shuttering its on-demand food offering in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine. It’s also transferring its Uber Eats  business operations in the United Arab Emirates (UAE) to Careem,  its wholly owned ride-hailing subsidiary that’s mostly focused on the Middle East. “Consumers and restaurants using the Uber …

advantage in the food delivery war

Last month, the most coveted partnership in the UK takeaway sector came to an unceremonious end. Uber Eats lost the exclusive rights to make around 15 million McDonald’s deliveries each year in the UK, after the fast-food giant announced plans to open up the relationship to include major rival JustEat. On paper, the union was ideal. McDonald’s made …

Takeaway.com Acquires Just Eat to form Largest U.K. Delivery Firm

In a potential hint at what the U.S. delivery market might look like in a couple years, Takeaway has acquired Just Eat for $7.8 billion in an all-stock deal. Amsterdam-based Takeaway.com is at the final step before integrating operations with the U.K. operator. As of a year ago, Takeaway was the sixth-largest global operator with …