Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery
4 years, 5 months ago

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery

NPR  

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery Enlarge this image toggle caption Tomohiro Ohsumi/Getty Images Tomohiro Ohsumi/Getty Images Uber is buying the delivery app Postmates, bolstering its food-delivery business at a time when few people are hailing rides. Sponsor Message In contrast, orders for its Uber Eats food delivery service doubled during the same three-month period. While Uber Eats is already the second-largest food delivery service in the US, according to data from Edison Trends, Postmates has a strong hold in major Western markets, including Los Angeles, Phoenix and Las Vegas. "There's a battle royale going on in food delivery," said Dan Ives, an analyst at Wedbush Securities.

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History of this topic

No more apps: How saying goodbye to Big Food delivery changed the way I eat
2 weeks, 6 days ago

No more apps: How saying goodbye to Big Food delivery changed the way I eat

Salon  

When my partner and I relocated to a new-to-us Chicago apartment — an antique-feeling number on the corner of the sixth floor — we made the mutual decision to forgo movers. Food delivery apps curate vast menus, spanning every conceivable cuisine, dietary preference and craving, transforming the act of choosing dinner into a delightful browsing experience. Having spent a decade …

Just Eat Takeaway sells US arm GrubHub at a massive loss
1 month, 1 week ago

Just Eat Takeaway sells US arm GrubHub at a massive loss

Dutch News  

Dutch meal deliver giant Just Eat Takeaway has sold its US arm Grubhub for some $650 million to Wonder Group. Just Eat Takeaway paid $7.3 billion for Grubhub when it bought it during the height of the coronavirus pandemic in 2021 in an all share deal. “The sale of will increase the cash generation capabilities of Just Eat Takeaway.com and …

Gig workers step in as commute turns tiresome
9 months ago

Gig workers step in as commute turns tiresome

The Hindu  

One cannot step on the streets without noticing those in red, orange, green, and now dark blue T-shirts. Better paying job Ganesh, who recently switched from a food delivery app to a plain delivery app, says he took up the second job since it pays better. Tamil Nadu Food and Other Delivery Personnel Union leader S. Ramakrishna says that a …

DoorDash, Uber Eats and Grubhub all go down causing takeout panic across the US
1 year, 4 months ago

DoorDash, Uber Eats and Grubhub all go down causing takeout panic across the US

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The popular food delivery …

Domino’s signs deal with Uber Eats in a bid to make more dough
1 year, 5 months ago

Domino’s signs deal with Uber Eats in a bid to make more dough

Associated Press  

If you can’t beat them, join them. In a major reversal, Domino’s Pizza said Wednesday it’s partnering with Uber Eats to make deliveries in the U.S. and 27 international markets. Under the agreement, uniformed Domino’s drivers will still make the deliveries that customers order via Uber Eats, and Uber Eats will share data with Domino’s on delivery efficiency and incremental …

Grubhub founder quits four months after Just Eat deal
3 years, 2 months ago

Grubhub founder quits four months after Just Eat deal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The founder of US food …

Deliveroo's £8bn float has to make the tricky economics of food delivery add up
3 years, 9 months ago

Deliveroo's £8bn float has to make the tricky economics of food delivery add up

The Telegraph  

At the end of last year, the US food delivery app DoorDash joined the ranks of the New York Stock Exchange, pulling off one of the biggest tech floats of 2020. DoorDash had never made a profit, even with demand for food delivery at record levels during the pandemic, and as restaurants struggled, there was a growing criticism of the …

Grubhub drivers say app change eats into tips, jeopardizing a usually generous season
3 years, 11 months ago

Grubhub drivers say app change eats into tips, jeopardizing a usually generous season

LA Times  

A change to the Grubhub food delivery app now sets the default tip a user can give a delivery driver at zero, a move frustrating drivers who are highly reliant on tips. Grubhub spokeswoman Katie Norris said that California drivers for the platform are making 20% higher pay per order, including tips, since Proposition 22 came into effect, and that …

Just Eat Takeaway doubled its orders in Canada. It’s coming for the US next
4 years, 2 months ago

Just Eat Takeaway doubled its orders in Canada. It’s coming for the US next

CNN  

London CNN Business — Online food delivery is booming in Canada, at least for one company. Just Eat Takeaway.com said on Wednesday that orders in Canada — where it operates as Skip The Dishes — rose by 98% to 23.5 million in the third quarter compared with the same period last year. “We are now transforming that pick-up culture into …

Uber buys Postmates, ups delivery game in $2.65 billion deal
4 years, 5 months ago

Uber buys Postmates, ups delivery game in $2.65 billion deal

Associated Press  

— Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. While Uber’s meal delivery business, Uber Eats, has mostly focused on restaurants, Postmates delivers a wider array of goods including groceries, pharmacy items, alcoholic drinks and party supplies. “We look at groceries as a category, …

Uber to buy Postmates for $2.65 billion
4 years, 5 months ago

Uber to buy Postmates for $2.65 billion

CNN  

New York CNN Business — Less than a month after Uber tried and failed to buy Grubhub, the ride-hailing company has won a different deal to bolster its food delivery business. Uber said Monday it has agreed to buy Postmates for $2.65 billion in an all-stock deal, calling the startup “highly complementary” to Uber Eats, its meal delivery service. “Uber …

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