Home food delivery still going strong for Iowa businesses

From online retail giants to local takeout, last year’s home quarantine period saw a boom in home-delivery services. That wave receded this spring as vaccination numbers grew, but larger Iowa markets are likely to see continued growth in the service. “We anticipate more customers choosing online shopping as their primary way to shop for groceries,” …

Regulators across the US are targeting the food delivery industry

Regulators are coming for the food delivery companies. Recently, New York City and San Francisco placed permanent fee caps over how much third-party delivery services could charge restaurants. The companies were charging as much as 30% per order until various cities cracked down on them during the pandemic and capped how much they could charge. …

Restaurants Are ‘Always Blamed’ When It Comes to Bad Delivery. Here’s How Tech Can Help

Who is responsible when something goes wrong with delivery? A succinct-yet-apt answer to that question recently came from fast casual chain Wow Bao’s President and CEO Geoff Alexander, who spoke at The Spoon’s Restaurant Tech Summit this week: “As the restaurant brand, you are always blamed.” If you’ve ordered via third-party delivery with any frequency, you’ve likely …

Gig economy companies are having to spend more than ever to find hosts and drivers

In Airbnb’s earnings report on Thursday, the home-sharing company said sales and marketing costs in the second quarter jumped 175% to $315.3 million. DoorDash said its sales and marketing costs in the quarter climbed 154% to $427 million. Both companies are increasing marketing expenditures at a rapid clip to bring more supply into their marketplaces. …

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. …

DoorDash Sees Record Orders Eaten Up By Rising Costs

For the fourth consecutive quarter, DoorDash has underwhelmed on the bottom line and delivered major losses, despite record numbers of people ordering take-out food. For the three months ending June 30, the company announced on Thursday (Aug. 12) that losses for Q2 totaled $102 million. The company experienced a brief period of profitability at the …

DoorDash’s Q2

Despite generally lower COVID friction in its market during Q2 2021, DoorDash managed to set records for orders and the value of those orders. In the three-month period concluding June 30, 2021, the on-demand food delivery company turned $10.46 billion in order value (marketplace GOV) into $1.24 billion in total revenue. The marketplace GOV number was 70% …

DoorDash Falls Amid Steep Costs to Sustain Pandemic Growth

DoorDash Inc. posted record orders, but fell as investors focused on signs the food-delivery company will need to spend heavily to expand into new markets and sustain its pandemic-induced hyper growth. Sales increased 83% to $1.24 billion in the three months ended June 30, the San Francisco-based company said Thursday in a statement. Analysts, on average, projected …

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 …

Grubhub’s plunge to the bottom: Employees reveal how the company dominated food delivery, then nearly lost it all to Uber Eats and DoorDash

DoorDash is beating Grubhub in the delivery race. Grubhub, founded in 2004, led food delivery for years before DoorDash surged ahead. Employees say Grubhub was slow to embrace technology and adapt to the changing industry. It has plunged to last place in the meal-delivery space and was recently sold to Just Eat Takeaway. At the …