This Week in Food Delivery & Quick Commerce (09/03/24)
Hi all,
The new edition of the newsletter is out!
Highlights:
Flipkart readies quick-commerce play
Rohlik already profitable in three regions
Baron boosts Swiggy valuation to $12.16B
HelloFresh plunges
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💬 Quote of the Week
“The PYMNTS Intelligence report “How Preferred Payment Availability Can Reduce Cart Abandonment” drew on insights from a survey of more than 3,500 U.S. consumers to better understand their behaviors when shopping online.
The results revealed that consumers’ channel preferences vary by retail category. While often consumers choose to make purchases from online marketplaces rather than retailers’ or brands’ websites or mobile apps, in grocery, shoppers’ behaviors tell a different story.
Specifically, 44% of consumers prefer retailers’ websites or apps when shopping for groceries online, while only 29% prefer online marketplaces and 24% prefer brands’ sites or apps, indicating that consumers’ digital loyalty lies with the grocery stores themselves.”
Source: PYMNTS
📊 Infographic/Stats of the Week
The China online food delivery market size reached US$ 74.2 billion in 2023. The market is projected to reach US$ 184.1 billion by 2032, exhibiting a growth rate (CAGR) of 10.6% during 2023-2032.
Source: Yahoo!Finance
🚚 Deliveries
Data from Seattle food delivery drivers shows higher hourly earnings, but less customer demand
Florida bill would allow more communication between restaurants, delivery customers
Uber Eats Adds Live Location Sharing as Aggregators Compete to Reduce Friction
Baron boosts Swiggy valuation to $12.16B, above prior private market value
Swiggy to offer food delivery services to train passengers in India
ShopeeFood miscalculates delivery distances. Gig workers in Vietnam are paying the price
Delivery Drones Are Gaining a Clearer Commercial Flight Path
🚀 Q-Commerce
Rohlik Group Reports 25% Year-On-Year Growth In 2023 / Online supermarket Rohlik already profitable in three regions
Automation helps insulate Rohlik from a bruising 2023 for the grocery delivery sector
Walmart and Target Widen Scope of Same-Day Delivery Services
Zepto Pass gets 1 million subscribers within a week of launch
🍳 Dark Kitchens / Micro Kitchens / Virtual Brands
💰 Financing / Exits / Acquisitions
💻 Other
The mysterious rise of the Chinese ecommerce giant behind Temu
Temu’s Push Into America Pays Off Big Time for Meta and Google
Letter: Uber buyback reflects a confidence its best days are yet to come
Sea turns first annual profit as e-commerce strength fuels fourth quarter / Sea’s Shares Climb After Big Spending Helps It Fight TikTok
Target Launches Target Circle 360 Subscription, Competing with Amazon Prime & Walmart+
📜 Deeper reads
Case Study: Analyzing Temu’s Market Impact with Credit Card Transaction Data
Uber and Instacart Are Showing More Ads in Their Apps. Not All Customers Like It.
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