DoorDash Aims to Boost Presence Abroad While Rivals Struggle

DoorDash Inc., already the top restaurant delivery company in the US, is now looking to strengthen its presence abroad. The San Francisco-based company operates in 28 countries outside the US, mostly in continental Europe, Japan and Australia. Yet it doesn’t enjoy the same name recognition in any of those markets the way it does in …

Delivery Hero Sells $97 Million Stake in Deliveroo

Delivery Hero has sold its 4.5% stake in British food ordering platform Deliveroo. The Berlin-based company announced the $97 million sale of its 68 million shares in a news release Monday (Jan. 29), with the sale expected to settle Thursday (Feb. 1). “Following settlement, the company will not hold any remaining shares in Deliveroo,” the release said. …

Restaurant Delivery in Europe: Navigating the Culinary Frontier

Convenience-driven restaurant delivery has swept across continents, with Europe and the United States leading the way. In many respects there is little difference wherever you look—the same dynamic growth, the same challenges and, in some respects, the same names. But there are differences, too, and to help understand that let’s take a look at the …

Where Uber Eats Is Failing, and Why

Uber Eats hasn’t even been around for a decade, yet the service has seemingly woven itself into our daily lives, especially on nights we don’t feel like cooking or leaving the house. If one of your favorite restaurants doesn’t have an in-house delivery service, then it’s almost a given that it partners with a third-party service like Uber Eats to get food to you. But considering …

Uber to cease food delivery in Italy, exit Israel

AMSTERDAM, June 15 (Reuters) – Uber (UBER.N) said on Thursday it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “in line with our efforts to focus on markets where we have opportunities for sustainable growth”, a company spokesperson said. CEO Dara Khosrowshahi has …

Bringg and Uber enter delivery experience partnership in France

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 …

Just Eat Takeaway scales back in France as market value drops 84% in 10 months

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 …

Delivery Hero shares sink as investors cash in on strong sales

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 …

Why Delivery Hero is acquiring a majority stake in Spanish delivery company Glovo

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 …

DoorDash-Backed Rapid Grocery Startup Flink Raises $750 Million

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 …