This Week in Food Delivery & Quick Commerce (06/01/24)
Hi all,
The new edition of the newsletter is out!
Highlights:
Curefoods had a mixed FY23
Uber Eats, Rappi and PedidosYa end antitrust probe in Chile
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💬 Quote of the Week
“For grocers that do not have the resources to build out their own eGrocery infrastructures, aggregators present a path to meet digital demand. These third-party players may come with strings attached, charging often steep commissions and owning the customer transaction, but given the high cost of in-house fulfillment, many merchants do not have much choice.
In an interview with PYMNTS in the fall, Tamara Pattison, senior vice president and chief digital officer at The Save Mart Companies, noted that the merchant’s decision to partner with Uber Eats follows consumer demand trends.
“[We’re] looking at [our] footprint and understanding where there is some level of penetration [with] existing marketplaces,” Pattison said. “Making sure that our shoppers see us participating in those marketplaces is critical. We want to make sure that we’re not dictating to our shoppers how to engage with us, but that we are looking at their behavior and finding ways to ensure that we can meet them wherever they want us to be.”
The shift comes as digital players have been eating away at grocers’ share of consumers’ spending on food and everyday essentials, as suggested by findings from the PYMNTS Intelligence study “The Replenish Economy: A Household Supply Deep Dive.” The study, which drew from a survey of more than 2,000 U.S. consumers, looked at how retail subscriptions affect consumer shopping habits.”
Source: PYMNTS
📊 Infographic/Stats of the Week
Source: FT.com
🚚 Deliveries
DoorDash plots expansion outside core restaurant business in US
Finnish food delivery co Wolt starts recruitment for Albania business
New York’s minimum-wage bump goes into effect — here’s how much Big Apple workers will be making
Invesco raises valuation of Indian food delivery firm Swiggy to $8.3 bln
Pret A Manger enters first India delivery partnership with Swiggy
Zomato Halts Blinkit Integration, Shifts Focus On Building Super Brands
Zomato Continues Restructuring Efforts with Liquidation of Global Subsidiaries
🚀 Q-Commerce
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🍳 Dark Kitchens / Micro Kitchens / Virtual Brands
Cloud kitchen startup Curefoods reports fourfold jump in FY23 revenue, loss widens
San Antonio food truck builder Cruising Kitchens sues lender to stop foreclosure on two properties
💰 Financing / Exits / Acquisitions
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💻 Other
Uber testing flexible pricing service in over a dozen Indian cities
UBER AND RAPPI ON TRAVEL STRATEGIES AND “SUPER APP” AMBITIONS
📜 Deeper reads
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