IT TOOK ONLY eight months for Jokr, the superfast delivery startup, to become a unicorn, and just six months more for its strategy to start coming apart. Jokr had plastered New York City with splashy ads promising to deliver groceries within 15 minutes—For free! With no minimum order!—and raised a total of $430 million in venture capital to continue …
Continue reading “The Speedy Downfall of Rapid Delivery Startups”
Dive Brief: DoorDash announced Wednesday that it will soon launch a dark store-powered rapid delivery service in partnership with Canadian grocer Loblaw. PC Express Rapid Delivery will provide service in 30 minutes or less from an assortment of 5,000 to 8,000 items supplied by Loblaw and fulfilled through DoorDash-run dark stores, Fuad Hannon, DoorDash’s vice president of new verticals, said in …
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The third-party networks continue to evolve, expanding into new verticals as growth continues. Two third-party leaders talked with editor Tom Kaiser during the 2022 Food On Demand Conference, touching on some of the big trends in a panel discussion titled Diversifying the Major Delivery Platforms. Yadavan Mahendraraj, head of merchant operations and strategy at Uber …
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How to make money in delivery In the days leading up to Shoptalk, the annual e-commerce convention held this week in Las Vegas, nearly every on-demand delivery company wanted to make a splash. DoorDash Inc. announced it was bringing a wide selection of household items and grocery products from national warehouse chain BJ’s Wholesale Club onto its online …
Continue reading “The Delivery Giants Are Throwing a Pivot Party”
Food delivery apps are hungry. After building themselves up as the go-to options for restaurant delivery, brands like Uber Eats and Grubhub are now looking to grocery as the next delivery frontier. Uber Eats (NYSE: UBER) kicked off its campaign last June through a partnership with Albertsons Cos. that brought same-day grocery delivery to 400 U.S. cities, …
Continue reading “DoorDash to deliver for customers of food tech startup eGrowcery”
In January, Gopuff hired Goldman Sachs and Morgan Stanley to work to prepare for a US IPO, Reuters reported. But the company’s bid to go public is now dead in the water, sources said. “They can’t go public,” a source with direct knowledge said. “The IPO market has essentially died.” Gopuff also issued a convertible note …
Continue reading “Market values of delivery apps like Gopuff, Gorillas plunge as losses pile up”
Another 15-minute grocery delivery app bites the dust. Fridge No More, which was supported partially by Russian investors and offered rapid deliveries in New York City and Boston, abruptly sent its 600 employees home Wednesday evening and stopped accepting orders. The shutdown was due to a lack of funding and potentially related to US sanctions …
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(Bloomberg) — Rapid grocery delivery startup Fridge No More permanently shut down its operations on Thursday after talks with DoorDash Inc. to buy some of its business fell through. New York-based Fridge No More had been in discussions with DoorDash on a deal to offload its warehouses after the startup failed to secure funding …
Continue reading “Grocery Startup Fridge No More Shutters in Failed DoorDash Deal”
