Tag: Deliveroo
Deliveroo cuts ~15% of staff as coronavirus challenges food delivery
Is it feast or famine for food delivery startups during the coronavirus pandemic? The UK’s Deliveroo has confirmed it’s axing more than 350 staff — or around 15% of its global headcount. Late yesterday the Telegraph reported that the London-based startup will be cutting 367 staff and furloughing a further 50…
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JustEat Takeaway $7.6B merger approved, pair pick up $756M in new funding
On the heels of Amazon getting approval from the competition authority to proceed with an investment leading a $575 million round for food delivery startup Deliveroo in the UK, two of Deliveroo’s biggest rivals got their own £6.2 billion merger approved, and they have subsequently picked up an extra $756 million…
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UK watchdog ‘provisionally’ clears Amazon investment in Deliveroo
Amazon is one step closer to becoming a major investor in Deliveroo, a UK-based food delivery company that operates in multiple markets including France, Spain, Australia and the United Arab Emirates. After months of deliberation, the UK's Competitio… Source
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GC’s Niko Bonatsos on Y Combinator, edtech and investing in the shadow of coronavirus
‘Assume that your budget and everything is going to get recut’ Danny Crichton 7 hours This week, Extra Crunch hosted a call with General Catalyst managing director Niko Bonatsos to discuss a number of startup topics, including what the novel coronavirus is doing to investing in the Valley, as well…
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Just Eat cuts its take for 30-days to help restaurants during the COVID-19 crisis
UK takeout marketplace Just Eat has announced a 30-day emergency support package for restaurants on its platform to help them through disruption caused by the coronavirus crisis. From tomorrow (March 20) until April 19 the package — which Just Eat says is worth £10M+ — will see funds directed back…
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Insurance platform Collective Benefits raises £3.3M to give gig economy workers a safety net
The famous phrase “software eats the world” was originally coined to describe how technology gradually replaces the old industrial norms of production. But few realized that when Uber started to ‘eat’ the taxi industry it would also be among the first harbingers of a new wave of what it meant…
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