Delivery giant DoorDash takes step toward public offering
4 years, 10 months ago

Delivery giant DoorDash takes step toward public offering

Associated Press  

NEW YORK — Food delivery giant DoorDash has taken a first formal step toward a stock market debut. DoorDash Inc. has overtaken Grubhub as the top digital food delivery company in the U.S., according to data analytics firm Second Measure, capturing 38% of monthly food delivery sales in January, compared to 31% for Grubhub. Ride-hailing company Uber — another major delivery player through Uber Eats — has traded well below its IPO price since going public last year, as has rival Lyft. Besides Uber, Grubhub is the only publicly traded digital food delivery company.

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History of this topic

DoorDash sees record orders and revenue in second quarter even as US restaurant traffic slows
5 months, 1 week ago

DoorDash sees record orders and revenue in second quarter even as US restaurant traffic slows

Associated Press  

DoorDash said Thursday that it set records for orders and revenue in the second quarter, growth that came despite slowing U.S. restaurant traffic. DoorDash said revenue rose 23% to $2.6 billion, which also exceeded analysts’ forecast of $2.5 billion. “We’re still in the earliest innings of the move towards digital and the overall omnichannel experiences that every restaurant and retailer …

DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
8 months, 1 week ago

DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns

Associated Press  

DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand. DoorDash said its net loss narrowed to $23 million in the first quarter, compared to a loss of $161 million in the same period a year ago. DoorDash said its U.S. restaurant business remains healthy, and it saw …

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 …

Grubhub, Uber Eats and DoorDash sue New York City over imminent minimum wage increase
1 year, 6 months ago

Grubhub, Uber Eats and DoorDash sue New York City over imminent minimum wage increase

Salon  

Uber Eats, DoorDash and Grubhub sued the City of New York on Thursday in order to block its new minimum pay rules for food delivery worker, as reported by the Associated Press. This comes on the heels of new regulations that would "nearly triple average earnings for app-based delivery workers in the coming years," including a raise to $17.96 per …

We are too hooked not to pay exorbitantly for food delivery
1 year, 7 months ago

We are too hooked not to pay exorbitantly for food delivery

Live Mint  

You’ve probably noticed that your food delivery receipts are getting much longer. DoorDash beat Wall Street’s expectations for orders placed and value of orders, and Uber chief executive officer Dara Khosrowshahi assured investors that elevated inflation was not impacting consumer spending. A $10 monthly fee gets you unlimited free delivery through DoorDash’s DashPass, Uber’s Eat pass or Grubhub+ through Grubhub. …

DoorDash sues New York City over rights to customer data
3 years, 3 months ago

DoorDash sues New York City over rights to customer data

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 DoorDash is suing New York …

Grubhub, Uber Eats and DoorDash suing New York City over fee limits designed to protect restaurants during pandemic
3 years, 3 months ago

Grubhub, Uber Eats and DoorDash suing New York City over fee limits designed to protect restaurants during pandemic

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

DoorDash, Grubhub And Uber Eats Sue New York City Over Price Caps
3 years, 3 months ago

DoorDash, Grubhub And Uber Eats Sue New York City Over Price Caps

NPR  

DoorDash, Grubhub And Uber Eats Sue New York City Over Price Caps Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP Three of the nation's largest food delivery companies are suing New York City over a limit on fees it put in place during the pandemic to protect restaurants devastated by the forced closure of their dining rooms. In the …

DoorDash offers lower-priced delivery plans amid criticism
3 years, 8 months ago

DoorDash offers lower-priced delivery plans amid criticism

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The San Francisco delivery company …

Deliveroo's £8bn float has to make the tricky economics of food delivery add up
3 years, 10 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 …

The next time you order takeout, call the restaurant
3 years, 10 months ago

The next time you order takeout, call the restaurant

LA Times  

Third-party food services are popular with diners, not so much with restaurants. In other words, that extra 5% cannot be used by the app company as the price of doing business for the delivery app’s services.” Both the L.A. city and county ordinances remain in place until 90 days after indoor dining can resume at full capacity, but some restaurateurs …

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

Analysis: No profits? No problem for red hot tech IPOs
4 years ago

Analysis: No profits? No problem for red hot tech IPOs

CNN  

New York CNN Business — Remember “irrational exuberance,” the phrase coined by former Federal Reserve chairman Alan Greenspan to describe soaring stocks in the mid-1990s? DoorDash surged more than 85% when it debuted on Wall Street Wednesday while Airbnb opened about 115% higher in its initial public offering price Thursday and quickly reached a 135% gain. To put that in …

Airbnb, DoorDash Lead 'Unicorn Parade' Ending Hot IPO Year
4 years, 1 month ago

Airbnb, DoorDash Lead 'Unicorn Parade' Ending Hot IPO Year

News 18  

Airbnb and DoorDash make their stock market debut this week as part of a “unicorn parade” capping a busy year for hot startups going public. This week’s big initial public offerings include food-delivery service DoorDash, which has seen a surge during Covid-19 restrictions, to be followed by home-sharing platform Airbnb and e-commerce operation Wish. “You are seeing some of the …

Uber buys Postmates, ups delivery game in $2.65 billion deal
4 years, 6 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 Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery
4 years, 6 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. …

DoorDash is now valued at nearly $16 billion
4 years, 6 months ago

DoorDash is now valued at nearly $16 billion

CNN  

CNN Business — DoorDash is getting a big boost in funding as demand for delivery services surges during the coronavirus pandemic. DoorDash said Thursday that it has raised $400 million in new financing led by Durable Capital Partners and Fidelity, valuing the company at nearly $16 billion. The financing comes as the platform “has become ingrained in the lives of …

Just Eat swallows Grubhub creating restaurant delivery giant
4 years, 6 months ago

Just Eat swallows Grubhub creating restaurant delivery giant

Associated Press  

Two pioneers in restaurant delivery — Just Eat Takeaway.com and Grubhub — are combining in a $7.3 billion deal that will create one of the world’s largest delivery companies. Amsterdam-based Just Eat Takeaway.com said late Wednesday that it was acquiring Chicago-based Grubhub, snatching it away from ride-hailing giant Uber, which had been reportedly seeking to team Grubhub with its Uber …

The Food Trends That Defined Us In The 2010s
5 years ago

The Food Trends That Defined Us In The 2010s

Huff Post  

LOADING ERROR LOADING We’ve all gotta eat. You’ll read about everything from meal kits to craft beer, plus how apps changed the food delivery game and how the Instant Pot transformed our kitchens. The fervent chronicling of every new item in the store by Trader Joe’s many Instagram fans, along with the brand’s expansion into new states has helped it …

Delivery Only: The Rise Of Restaurants With No Diners As Apps Take Orders
5 years, 1 month ago

Delivery Only: The Rise Of Restaurants With No Diners As Apps Take Orders

NPR  

Delivery Only: The Rise Of Restaurants With No Diners As Apps Take Orders Enlarge this image toggle caption Shannon Bond/NPR Shannon Bond/NPR Inside a bright red building in Redwood City, just south of San Francisco, cooks plunge baskets of french fries into hot oil, make chicken sandwiches and wrap falafel in pita bread. And then they move into our DoorDash …

Uber Eats focusses on aggressive expansion in India
5 years, 1 month ago

Uber Eats focusses on aggressive expansion in India

India TV News  

Uber Eats, the food delivery unit of Uber, on Friday said it is focussing aggressively on expanding its presence in India, a market that is expected to become a USD 15 billion opportunity over the next few years. India is fundamental to Uber's growth and we have a stable and massive rides business and we don't see a reason why …

Online ordering boom gives rise to virtual restaurants
5 years, 2 months ago

Online ordering boom gives rise to virtual restaurants

Associated Press  

NEW YORK — Frato’s Pizza looks like a typical family restaurant, with its black-and-white checkered floor and red chairs. “I will have lost weeks of work, but not large sums of money.” Chick-Fil-A, The Halal Guys and Dog Haus are among top brands that have opened ghost kitchens through Kitchen United, a start-up that builds kitchen commissaries for restaurants looking …

Fast food companies are betting big on delivery. It might not pay off
5 years, 4 months ago

Fast food companies are betting big on delivery. It might not pay off

CNN  

New York CNN Business — This is the golden age of food delivery. The shift to delivery is “profound,” said Noah Glass, founder and CEO of Olo, a business-facing food ordering platform that works with restaurant chains and delivery aggregators like Uber Eats.“It’s happening incredibly quickly and the stakes are incredibly high.” Partnering with delivery platforms can give restaurants access …

DoorDash is buying food delivery service Caviar for $410 million
5 years, 5 months ago

DoorDash is buying food delivery service Caviar for $410 million

CNN  

New York CNN Business — On-demand food delivery startup DoorDash has agreed to acquire rival Caviar for $410 million. Caviar, the premium restaurant delivery service, was most recently owned by payments-services company Square, which bought the firm in 2014 for about $90 million when it was just an early-stage startup. “We have long-admired Caviar, which has a coveted brand, an …

Amazon’s Deliveroo investment just ran into trouble with UK regulators
5 years, 6 months ago

Amazon’s Deliveroo investment just ran into trouble with UK regulators

CNN  

London CNN Business — UK regulators have ordered Amazon to pause its investment in UK food delivery startup Deliveroo while they consider whether the deal amounts to a takeover. Amazon led a $575 million investment in the startup in May, and has since signaled that the company could become a key part of its food delivery ambitions. “We believe this …

Uber Eats getting embedded into main app: Report
5 years, 7 months ago

Uber Eats getting embedded into main app: Report

Live Mint  

San Francisco: Ride-hailing major Uber has embedded the web version of its food delivery app — Uber Eats — into the main application in select markets. "We're rolling out a new way to order Eats directly in the Uber app on Android," an Uber spokesperson was quoted as saying by the TechCruch on Wednesday. San Francisco-based Uber had more than …

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