Grubhub founder quits four months after Just Eat deal

The founder of US food delivery platform Grubhub has quit the business just four months after it was bought by UK-listed rival Just Eat Takeaway. Matt Maloney joined the Just Eat Takeaway board in June but has since stepped down to “pursue other opportunities”, the company said. Just Eat boss Jitse Groen said: “Great entrepreneurs …

Inside Instacart’s frenzied summer of unsuccessful dealmaking with Uber and DoorDash

Mike Kane/Bloomberg via Getty Images Instacart’s former CEO Apoorva Mehta suggested DoorDash acquire Instacart, source tells Insider. Incoming Instacart CEO Fidji Simo also got involved in DoorDash deal talks. DoorDash passed on the deal. Uber also passed on an app integration with Instacart. In early summer, Instacart’s co-founder and then CEO Apoorva Mehta reached out to …

Waitr Closes Three Payment Processing Acquisitions

Waitr, the Louisiana-based food ordering and restaurant delivery platform, has completed the asset acquisitions of three payment processing companies that CEO Carl Grimstad said are critical to the company’s future growth strategy. Announced just before the Labor Day holiday, Waitr has acquired ProMerchant, Flow Payments and Cape Cod Merchant Services, three players in the merchant …

DoorDash Talks to Invest in Grocery Startup Gorillas Ends

DoorDash Inc., the largest food delivery company in the U.S., has ended talks to invest in Gorillas Technologies GmbH after disagreements with the German delivery startup over expansion plans, according to a person familiar with the matter. The San Francisco-based company was discussing investing $400 million in a deal that would have valued the startup at $2.5 …

Deal Of The Day: Why DoorDash Buying Instacart Would Create A Powerhouse

The fast-moving grocery delivery business got a new shock on Wednesday when The Information reported that DoorDash has held talks in recent months about exploring a possible acquisition of Instacart in a deal that would be valued between $40 billion and $50 billion. According to one analyst, the move makes sense and would create a powerful combination. …

Consolidation is coming for US food delivery, unless the government stops it first

To bolster its food delivery business, Uber has been on a dealmaking spree, looking to purchase companies that would expand its offerings. In the past year, the company has made a series of food and drink delivery acquisitions including Cornershop, Drizly, and Postmates. It has also formed several partnerships, including one exclusively with ultra-fast convenience …

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 …

Let’s Unpack the Possible DoorDash + Gorillas Deal

Last week the Financial Times reported that third-party delivery giant DoorDash was in talks to buy a stake in German speedy grocery delivery startup Gorillas. While there weren’t a ton of details, such as how big any such stake would be, a follow-up story from Axios said the deal could give DoorDash the option to acquire a controlling interest …

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 …