Amazon invests in UK restaurant delivery service Deliveroo
5 years, 7 months ago

Amazon invests in UK restaurant delivery service Deliveroo

CNN  

New York CNN Business — Amazon just made another big move into food, picking up a stake in one of the United Kingdom’s top restaurant delivery services. Amazon already has a presence in the food delivery space with its website’s “restaurant” section and AmazonFresh Grocery, but the investment into Deliveroo will further expand its global reach. The US firm has been “impressed with Deliveroo’s approach, and their dedication to providing customers with an ever increasing selection of great restaurants along with convenient delivery options,” Amazon UK Country Manager Doug Gurr said in a statement. Deliveroo, which also competes with GrubHub, Just Eat and Door Dash, said it will use the new investment to grow the engineering team at its London headquarters, develop new products and expand its delivery reach.

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History of this topic

Deliveroo makes its first ever profit of £1million after losing £82.9million last year - as average spend per customer swells to £25
5 months ago

Deliveroo makes its first ever profit of £1million after losing £82.9million last year - as average spend per customer swells to £25

Daily Mail  

Deliveroo has announced that it has made a profit of £1million in the first half of the year after the food delivery company lost £82.9million last year. The food delivery company saw its total number of orders placed in the same period soar to 146 million. Gross transaction value per order - which means the average cost of people's food …

Deliveroo achieves first profit in ‘major milestone’ for delivery app
5 months ago

Deliveroo achieves first profit in ‘major milestone’ for delivery app

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 Deliveroo has revealed it made …

Deliveroo sees weaker UK trading as consumer spending remains ‘uncertain’
8 months, 3 weeks ago

Deliveroo sees weaker UK trading as consumer spending remains ‘uncertain’

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 Takeaway giant Deliveroo has revealed …

Just Eat's British customers make 58 million more orders
3 years, 4 months ago

Just Eat's British customers make 58 million more orders

Daily Mail  

UK customers made 58 million more orders on Just Eat in the first half of the year after the group struck new partnerships with multiple prominent brands, including Starbucks and Costa Coffee. Its orders jumped by 76 per cent to 135 million in the UK as more consumers were encouraged to order their meals online due to harsh lockdown restrictions …

Investors look to earnings and US strategy in Just Eat’s results
3 years, 4 months ago

Investors look to earnings and US strategy in Just Eat’s results

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 Food delivery company Just Eat …

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 …

Deliveroo promises some riders $14,000 when it IPOs. Most will get far less
3 years, 10 months ago

Deliveroo promises some riders $14,000 when it IPOs. Most will get far less

CNN  

London CNN Business — Amazon-backed food delivery startup Deliveroo has announced plans to give some of its busiest riders £10,000 bonuses when it goes public in a huge London IPO. “This valuation of Deliveroo seems excessive for a business which is still many years from profit, especially given that some hold significant doubt whether the home takeaway delivery model can …

Amazon took a chunk of Deliveroo. Then things got interesting
3 years, 10 months ago

Amazon took a chunk of Deliveroo. Then things got interesting

Wired  

Getty Images / WIRED In the before times, they would lurk in twos and threes outside restaurants in city centres, waiting to whisk hot food into teal-coloured isothermal packs stamped with the face of a kangaroo. And if everything goes according to plan, they will give Deliveroo near total dominance of the £9.8 billion takeaway delivery market. Will Shu, who …

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. …

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 …

Amazon begins food delivery in India, Swiggy, Zomato initiate delivery of alcohol
4 years, 7 months ago

Amazon begins food delivery in India, Swiggy, Zomato initiate delivery of alcohol

India Today  

E-commerce giant Amazon will now be extending its service in the food delivery area. The delivery service called Amazon Food has been launched in some pin codes of Bengaluru. “We are launching Amazon Food in select Bangalore pin codes allowing customers to order from handpicked local restaurants and cloud kitchens that pass our high hygiene certification bar. Amazon also delivers …

Amazon puts new food delivery customers on a waitlist
4 years, 8 months ago

Amazon puts new food delivery customers on a waitlist

CNN  

New York CNN Business — Soaring demand for online food delivery during the coronavirus pandemic has forced Amazon to create a waitlist for new shoppers. Shoppers who want to order through Whole Foods or Amazon Fresh have recently found it nearly impossible to find an open delivery or pickup slot. Amazon also said that it added pick-up to roughly 70 …

Amazon to foray into food delivery business in India, likely to partner with Infosys co-founder Narayana Murthy
4 years, 10 months ago

Amazon to foray into food delivery business in India, likely to partner with Infosys co-founder Narayana Murthy

Firstpost  

The report points out Amazon’s food delivery open for its employees and started pilot testing its service in select parts of Bengaluru. E-commerce major Amazon is expected to foray into the food delivery segment and the US company may partner with Infosys co-founder NR Narayana Murthy for taking the venture pan-India, said news reports. The report points out Amazon’s food …

Amazon's bid to buy stake in food delivery firm Deliveroo is in doubt
5 years ago

Amazon's bid to buy stake in food delivery firm Deliveroo is in doubt

Daily Mail  

Amazon's attempts to buy a stake in food delivery firm Deliveroo were thrown into doubt today amid concerns that it raises 'serious competition concerns'. A cyclist working for food delivery platform Deliveroo is pictured in Cardiff in July last year The move also saw the online giant go up against Uber Eats and Just Eat in the global race to …

Just Eat: Prosus makes takeover bid as it tries to beat Uber Eats and Deliveroo
5 years, 2 months ago

Just Eat: Prosus makes takeover bid as it tries to beat Uber Eats and Deliveroo

CNN  

London CNN Business — The battle for the future of online food delivery just got a whole lot spicier. South African tech investment firm Naspers said it was launching a takeover offer for Britain’s Just Eat in a bid to become “the world’s leading food delivery business.” The unsolicited bid values Just Eat at £4.9 billion, and could spoil Just …

Amazon India raises food delivery stakes with low restaurant commissions
5 years, 4 months ago

Amazon India raises food delivery stakes with low restaurant commissions

Live Mint  

Bengaluru/New Delhi: Amazon India, which is set to start its food delivery service next month, is promising restaurants its commissions will be a mere fourth of what rivals Swiggy and Zomato charge, a move set to spark a spell of intense competition in the business. “Since Amazon is going the marketplace route for now, it is acquiring the remainder of …

Amazon plans launch of online food delivery service in India: Report
5 years, 5 months ago

Amazon plans launch of online food delivery service in India: Report

Live Mint  

Amazon.com Inc is planning a foray into the burgeoning online food delivery business in India this year, two sources aware of the development said, in a move that could raise competition in an increasingly crowded market. India's rising middle class has driven the growth of the online food delivery sector, with research firm RedSeer Consulting saying order numbers rose176% in …

Just Eat and Takeaway.com team up to fight Uber and Amazon in Europe
5 years, 5 months ago

Just Eat and Takeaway.com team up to fight Uber and Amazon in Europe

CNN  

London CNN Business — Just Eat and Takeaway.com want to join forces to fight Uber Eats and Amazon in Europe’s crowded food delivery market. Dutch company Takeaway.com said on Monday it had reached a preliminary agreement to merge with London’s Just Eat in an all-share deal that would create a new company, Just Eat Takeaway.com. The combination could give a …

Food delivery merger? Just Eat confirms it could be bought by Dutch rival Takeaway.com
5 years, 5 months ago

Food delivery merger? Just Eat confirms it could be bought by Dutch rival Takeaway.com

CNN  

New York CNN Business — Just Eat and Takeaway.com are battling it out in Europe’s crowded food delivery market. The boards of London-based Just Eat and Dutch company Takeaway.com confirmed in statements Saturday that they are “in discussions regarding a possible” merger agreement. A joint company could give a huge boost to the companies’ standing in the crowded food delivery …

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 …

Amazon to shut down US restaurant delivery service
5 years, 6 months ago

Amazon to shut down US restaurant delivery service

Associated Press  

NEW YORK — Amazon said Tuesday that it is closing its U.S. restaurant delivery service, a 4-year-old business that failed to take off amid fierce competition from Uber Eats, DoorDash and others. Amazon Restaurants was a tiny player in the U.S., taking about 2% of the market, according to Jeremy Scott, a food and restaurant analyst at Mizuho. He said …

Deliveroo rivals shudder as it chows down on Amazon investment
5 years, 7 months ago

Deliveroo rivals shudder as it chows down on Amazon investment

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 There’s no more tasty a …

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