Friday Takeaway

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Friday Takeaway

Friday Takeaway is a podcast about on-demand grocery and food delivery. Here, we share stories of people working in the food tech industry.

Our purpose is to bring the community closer.

13/10/2023

Pre-tax profits at Deliveroo Ireland more than doubled last year

We're celebrating the success of Deliveroo Ireland, who reported a substantial increase in pre-tax profits for the previous year! Revenues increased by 11%, gross profits rose from €14.74 million to €17.96 million, and the number of employees directly employed by Deliveroo Ireland increased from 10 to 56. Congratulations to the team at Deliveroo Ireland!

08/10/2023

Founders of Food Delivery Giants Lose Billionaire Status as Pandemic Boom Fades

The pandemic has changed the way we shop for food and groceries, leading to the emergence of six billionaires in the online delivery business. However, four of them have seen their billionaire status vanish due to the softening of demand as the world reopens. Companies like Getir, Just Eat Takeaway.com, Instacart, and DoorDash have collectively lost over $15 billion in total wealth. As the post-pandemic e-commerce environment becomes increasingly complex, these delivery giants must strive to maintain their relevance and profitability.

07/10/2023

Flipkart Launches ‘Flipkart Commerce Cloud’ to Offer Advanced Retail Technology Solutions

Now, Flipkart is taking its expertise to the global stage with the launch of Flipkart Commerce Cloud, a suite of AI-powered retail solutions designed to help international retailers, marketplaces, and e-commerce platforms grow their businesses.

06/10/2023

Uber Expands Its Services to Simplify Package Returns

05/10/2023

GIC-backed Line Man said to gear up for US$300m IPO

04/10/2023

French Grocery Startup La Belle Vie Acquires Frichti Amid Industry Shakeup

We are excited to announce that La Belle Vie has acquired Frichti, a food delivery service, after the latter faced court-ordered receivership. La Belle Vie's tech-focused approach to online groceries has enabled them to achieve profitability this year and anticipate revenue of $60 million (€57 million) in 2023. The two services will continue to coexist, catering to different customer segments, and La Belle Vie is launching Frichti Market, a new site and app featuring a curated selection of products from both brands. Paul Lê, co-founder and co-CEO of La Belle Vie, emphasized their unique achievement as the only Western European company to master the last-mile delivery model with same-day deliveries.

03/10/2023

Deliveroo Announces £250m Share Buyback Plan

Deliveroo is returning up to £250 million to its shareholders through a tender offer. Qualifying shareholders have been invited to tender some or all of their A Ordinary Shares at a price ranging from 115 pence per share to 135 pence per share. The company has also announced that it will initiate a second phase of the ‘return of value’ to cover any remaining balance. This is in addition to the £50 million (€57.9 million) returned to shareholders in March, bringing the total to £300 million (€347.1 million) in 2023. Find out more about Deliveroo’s ‘return of value’ and how it reflects the surplus cash in the business.

02/10/2023

Food delivery firm Baemin scales down Vietnam operations

Baemin has recently announced a strategic realignment in Vietnam, resulting in staff layoffs and a reduction in its operational footprint. This move follows the recent appointment of Cao Thi Ngoc Loan as temporary CEO after the resignation of Jinwoo Song.

01/10/2023

Uber, DoorDash and Grubhub lose attempt to block NYC delivery worker wage mandate

After a long legal battle, New York City's minimum wage mandate for app-based delivery workers has prevailed in court! This is a huge victory for workers' rights and a reminder that workers will always win. The mandate, established in June, initiated a minimum pay rate of $17.96 per hour, set to rise to $19.96 by April 2025.

30/09/2023

Getir and Gorillas Collaborate with Thuisbezorgd.nl to Expand Fast Grocery Delivery Services in the Netherlands

Getir and Gorillas have joined forces with Thuisbezorgd.nl to provide customers in the Netherlands with an extensive range of everyday items, from meals to essential groceries and fresh products. This partnership not only saves customers valuable time but also emphasizes the commitment of these companies to social responsibility and safety.

29/09/2023

Rohlik Group’s Knuspr.de Acquires Bringmeister Delivery Platform

Rohlik Group is making waves in the German online grocery delivery market with its acquisition of Bringmeister! This strategic move will expand Knuspr.de's reach to Berlin and further solidify its presence in Munich, where it is set to capture more than 25% of the online grocery delivery market. With ambitious plans to extend its services to ten additional German cities in the coming years, Rohlik Group is set to boost its annual revenue to approximately €900 million once the integration is complete.

28/09/2023

Uber Eats and Getir ink tie-up in Europe for speedy grocery deliveries

Uber Eats and Getir are looking to capitalize on the growing demand for grocery delivery services, with the partnership expected to expand to other European markets in the coming weeks.

26/09/2023

What Instacart's IPO Means For India's New-Age Firms

The success of Instacart's IPO is a testament to the potential of India's burgeoning technology companies. With cost control and sustainable business models at the forefront, companies like Swiggy and Zepto are now looking to leverage data analytics and AI to enhance customer experiences and streamline logistics.

This success story is a sign of market maturity and the growing openness of investors in public markets to newer, growth-stage companies.

25/09/2023

Zomato unveils new feature to tip restaurant kitchen staff

We’re proud to announce that Zomato has launched a new feature on its delivery platform – “Tips for the kitchen staff” – to enable customers to express their gratitude and appreciation to the restaurant’s kitchen team. Customers can now tip the kitchen staff as a percentage (%) of their total order value, with the range being between 3% and 10%.

All tips are promptly credited to the respective restaurant, and the restaurants can then distribute the tips equitably among their staff members. Show your appreciation for the hardworking chefs and staff who help cook your meals – it’s not just a tip, it’s a token of gratitude!

23/09/2023

JOKR now valued at $800M after bagging about $50M in Series D funding

We're excited to share that online grocery delivery company JOKR, operating as DAKI in Brazil, has secured approximately $50 million in Series D financing at a post-money valuation of $800 million. This comes after a $50 million Series C round announced in February. JOKR offers a comprehensive grocery range called “shopping missions” in Brazil, providing instant and scheduled deliveries with a 30-minute time slot. The company has expanded its product offerings to 10,000 items and is on a path to profitability. The newly secured funding will support further development of grocery offerings and expansion within existing metropolitan areas.

22/09/2023

Delivery Hero could sell part of Asian business for $1 billion

22/09/2023

Flipkart To Invest $20 Mn In New In-House Credit Marketplace Startup

Flipkart is making a big move in India's fintech sector! The company is investing approximately $15 million to $20 million to create an in-house credit marketplace. This marketplace will offer a range of credit products, including personal loans of up to INR 5 lakh, and may potentially extend its services to external platforms and customers. Flipkart is also developing an in-house underwriting model to enhance risk assessment processes before disbursing loans.

Stay tuned to find out more about Flipkart's foray into fintech!

21/09/2023

Zomato’s Remarkable Turnaround: After A Painful 2022, Stock Up Over 90% In 6 Months

After a challenging 2022, Zomato has made a remarkable comeback. The company's stock has soared over 90% in the last six months, and its market capitalization has increased from $5.3 billion in March to $10.5 billion today. Zomato's strategic measures, such as cost-cutting and revenue-enhancing strategies, have contributed to this turnaround. The company has also reported adjusted EBITDA profitability in Q4 FY23 and a net profit of INR 2 crore in Q1. Investors will be watching for further indications of Zomato's financial health and its ability to maintain profitability, which could shape the stock's future trends.

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