This Week in Food Delivery & Quick Commerce (20/04/24)
Hi all,
The new edition of the newsletter is out!
Highlights:
Getir may exit UK/US
JET had a tough Q1 / leaving New Zealand
Deliveroo had OK Q1
Flink raises $106M / explores sale
Serve Robotics raises $40M with IPO
Zepto declines Flipkart bid
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💬 Quote of the Week
“Getir, the grocery delivery app once valued at nearly $12bn (£9.7bn), is close to pulling the plug on its operations in Britain in a move that would spark concerns for well over 1,000 jobs.
Sky News has learnt that Getir is preparing to announce next week that it is withdrawing from the three remaining European markets in which it operates: the UK, Germany and the Netherlands.”
Source: SkyNews
📊 Infographic/Stats of the Week
“Mass retailers, like Walmart and Target, have already invested heavily in enhancing the perceived value from using their mobile apps and it shows,” Brick Meets Click said.
Brick Meets Click and Mercatus data shows that 76% of households that primarily buy groceries from Walmart and that also buy groceries online made at least one online grocery order from Walmart in March 2024. Meanwhile, that rate was lower among households that primarily shop at a supermarket and buy groceries online. Only 60% of them bought groceries online from a supermarket in March.”
Source: Brick Meets Click/Mercatus Grocery Shopper Survey
🚚 Deliveries
Just Eat’s Gross Transaction Value Falls on Lower Orders; Backs Guidance // Just Eat Shares Drop as Customers Cut Back on Food Deliveries
Just Eat Takeaway.com to end operations in New Zealand // Food delivery platform Menulog exits New Zealand operations
UK's Deliveroo returns to order growth in first quarter // Deliveroo Q1 Trading Update
Senators Query DoorDash, UberEats on Hidden Fees, Executive Pay
Delivery Couriers in Prague Plan Protest Against Declining Pay Rates
Uber, Nvidia-backed Serve Robotics hits public markets with $40M splash
Zomato launches India's first electric fleet for larger orders
Zomato’s 260% Stock Surge Has Analysts Scrambling to Catch Up
Flynn Group and Jet's Pizza to add drone delivery from select units
Online food delivery menus lack nutritional information, study claims
🚀 Q-Commerce
Grocery App Flink Raises $106 Million, Explores Sale to Rivals
Grocery delivery giant Getir in talks about radical restructuring // Delivery Firm Getir, Once Valued at $12 Billion, Weighs Sales and Market Exits
Flipkart Ends Discussion On Potential Zepto Stake Purchase: Report
Gopuff offers brands super-fast delivery on their own websites
D2C brands cough up 30-45% commission for a spot on quick-commerce platforms
Swiggy Merges Mall Offering With Quick Commerce Platform Instamart
🍳 Dark Kitchens / Micro Kitchens / Virtual Brands
Rakul Preet Singh and Curefoods Join Hands to Launch Arambam
Inside the ‘dark kitchens’ catering to Britain’s appetite for takeaways
💰 Financing / Exits / Acquisitions
Grocery App Flink Raises $106 Million, Explores Sale to Rivals
Uber, Nvidia-backed Serve Robotics hits public markets with $40M splash
💻 Other
📜 Deeper reads
As Ocado becomes the UK’s fastest growing retailer, is online staging a comeback?
Quick commerce is shaking up FMCG and e-commerce sectors at once: Report
Zepto improves quick-commerce market share; Instamart loses ground: HSBC report
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