This Week in Food Delivery & Quick Commerce (27/01/24)
Hi all,
The new edition of the newsletter is out!
Highlights:
Fantuan acquires Chowbus
Swiggy announces layoffs
NYC is forming a watchdog agency to regulate delivery services
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💬 Quote of the Week
“That's a challenging question many digital leaders have been asked when they look to expand or invest larger amounts into certain channels.
If you expand from 7-Eleven to Gopuff, is the Gopuff sale incremental?
Is expanding to Walmart stores incremental if you only do DTC today?
What about launching products on Walmart’s marketplace after years solely dedicated to Amazon’s?
The core of the question gets at whether the necessary investment should be incremental itself or if the firm should shift resources from somewhere else. The logic goes, why put incremental investment into something that doesn't drive incremental sales.
But despite the commonness of the question, it can be difficult to answer precisely because there are different angles to consider when thinking about incrementality.
Let's go on a journey to unpack this question and develop a repeatable framework to assess whether a new initiative is incremental.”
Source: Stratably
📊 Infographic/Stats of the Week
A bit old these figures, but still useful
Source: Business of Apps
🚚 Deliveries
NYC is forming a watchdog agency to regulate delivery services
Food Delivery Service Wonder To Open In 2 More Bergen County Towns
IPO-Bound Swiggy Initiates Workforce Restructuring, to Lay Off 350-400 Employees
Meituan's In-store Livestreaming Adds Incentives to Expedite Attraction of Merchant Self-broadcast
Grocer Sobeys Partners with Homemade Food Marketplace Cookin
🚀 Q-Commerce
Daki secures $5M investment for 360 marketing strategy in 2024
Instacart, DispatchHealth launch joint effort to mitigate food insecurity
Instacart IPO Allegedly Downplayed Rivals, Overplayed Demand
🍳 Dark Kitchens / Micro Kitchens / Virtual Brands
Cloud kitchen giant Rebel Foods integrates with ONDC, aiming for broader consumer reach
Former Uber CEO Travis Kalanick opens ghost kitchen in San Jose
Data breach exposes details of over 3.5 million FreshMenu customers
💰 Financing / Exits / Acquisitions
💻 Other
Australia's Domino's Pizza plummets on withdrawing annual outlook, rating downgrades
Uber files legal appeal against Paris mayor's transport restrictions
📜 Deeper reads
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