This Week in Food Delivery & Quick Commerce (06/04/24)
Hi all,
The new edition of the newsletter is out!
Highlights:
Zepto in talks to raise $300M / surpasses $1B annualised sales
DoorDash launches benefits program for couriers
Gopuff doubles-down on fast 20min delivery
Wolt might be entering Uzbekistan
ASAP (Waitr) folds
If you have any questions or feedback, you can always reach me at alex.foodeli@gmail.com or on Twitter at @a_jordanov
I have a request:
If you like the newsletter, please consider sharing it and helping me reach wider audience that may benefit from it
💬 Quote of the Week
“And the startup is quickly improving its finances, too. “Overall EBITDA margin for Zepto is at negative single-digit percentage and the company is on track to break even at the EBITDA level within the next quarter. The company expects steady state contribution margin of 12%, with steady state EBITDA margin of 7%,” the report added. “Per Zepto, newly opened dark stores are turning profitable in 9 months now (vs 15-18 months earlier), at a throughput per store of 1,500 orders per day.””
Source: TechCrunch
📊 Infographic/Stats of the Week
-
Source: Stratably
🚚 Deliveries
DeSantis signs Florida delivery bill pre-empting local delivery regulations
DoorDash Launches Benefits Program for Pennsylvania Delivery Drivers
Finnish delivery service Wolt set to expand operations to Uzbekistan
Waymo and Uber Eats start human-less food deliveries in Phoenix
Zomato gets service tax demand and penalty order of Rs 184 crore
Singapore competition watchdog looked into potential Grab, Delivery Hero deal
🚀 Q-Commerce
India’s Zepto zooms to $1.2B in annualized sales in 29 months, Goldman says
Zepto in Talks for $300 Million Raise at $2.5-3 Billion Valuation
Ocado investors urged to vote against proposed £14.8mn share award
Future of shopping: Instacart debuts AI-driven ‘smart carts’ to NYC retailers
🍳 Dark Kitchens / Micro Kitchens / Virtual Brands
-
💰 Financing / Exits / Acquisitions
-
💻 Other
Coupang gets grant for intelligent generation and distribution of purchase orders for products
Coupang to invest $2.23b to expand ‘rocket delivery’ in South Korea
Domino’s publishes first ever sustainability report and nutritional targets
Uber raises driver earnings by 10% following a data-sharing dispute in Lagos
📜 Deeper reads
It was one of Louisiana's most popular tech startups. What went wrong at Waitr?
Drones Take Pharmacy Delivery to More Skies as Health Systems Embrace Trend
How Co-Op became the ‘biggest grocery player’ in quick commerce
Quick commerce is the future: Info Edge's Sanjeev Bikhchandani and Zomato's Deepinder Goyal
You’re on the free list for This Week in Food Delivery & Q-Commerce. To support us, please spread the word