This Week in Food Delivery & Quick Commerce (13/04/24)
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The new edition of the newsletter is out!
Highlights:
Getir in trouble
Meituan overhauls meal delivery org
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💬 Quote of the Week
“Zepto’s non-grocery sales growth more than doubled month-on-month for segments like toys and electronics accessories, while beauty product sales are up threefold. Nearly 15% of the company’s $1.2-billion annualised gross sales now comes from these products. Swiggy’s Instamart said it registered “a robust month-on-month growth… with March touching its highest-ever sales for non-grocery”
Source: The Economic Times
📊 Infographic/Stats of the Week
Source: McKinsey & Company
🚚 Deliveries
Uber Eats launches TikTok-style video feature to promote new food products
Delivery robot developer Serve Robotics sets terms for $40 million Nasdaq uplisting
DoorDash using DC as testing ground to improve safety for its food delivery drivers
You can now place DoorDash and Uber Eats orders through a call with an AI voice bot
Wolt has announced the launch of its own advertising service, Wolt Ads.
Invesco marks up Swiggy’s valuation by 18% to $12.7B from last fundraise
Swiggy’s new feature empowers pet parents to report a missing pet directly on the app
SoftBank-Backed Unicorn Rappi Hires CFO to Get Ready for IPO
Meituan overhauls core meal delivery operation to address challenges: report
🚀 Q-Commerce
Grocery delivery giant Getir in talks about radical restructuring
Non-grocery products deliver sales growth for quick-commerce
Instacart Harnesses Generative AI To Revolutionize Grocery Delivery Experience
Instacart expands delivery access through major benefits provider
🍳 Dark Kitchens / Micro Kitchens / Virtual Brands
💰 Financing / Exits / Acquisitions
💻 Other
Slashing delivery times an area of focus for embattled Domino’s Pizza
Uber and Lyft delay their plans to leave Minneapolis after officials push back driver pay plan
📜 Deeper reads
Chefs Love Wonder, the Latest App Trying to Disrupt Delivery. Will Diners Follow Suit?
What’s behind the rise of Chinese e-commerce platform Temu in the US?
Going Beyond the Aisles: The Evolution of Marketing at Instacart With CMO Laura Jones
Ghost Kitchens Are Disappearing, Squeezed by Demand and Complaints
This delivery app takes away health insurance when workers don’t meet quotas
March online grocery sales largely remain flat year over year
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