Tag: food delivery
Deliveroo posted narrowed loss of $309M, with gross transactions surging to $5.7B in 2020, EITF shows
The clock has officially started ticking on Deliveroo’s plans to go public in April. After announcing last week that it planned to list on the London Stock Exchange, today the on-demand food delivery company backed by Amazon and others published selected updated financials for the previous fiscal year, along with its…
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VC investment in proptech can yield profits and change lives
D. Hara Perkins Contributor D. Hara Perkins is a partner at Goulston & Storrs, PC in New York City, where she focuses her practice on affordable housing and economic development. Alexander Shermansong Contributor In 2020, nearly $24 billion in venture capital poured into companies creating new technology products or innovative…
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China’s adaptive robot maker Flexiv raises over $100 million
As businesses around the world look to automate production lines and supply chains, companies making the robots are attracting great investor interest. The latest to get funded is Flexiv, which closed a Series B round north of $100 million from investors including China’s on-demand services giant Meituan, TechCrunch learned. Other…
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Restaurant search engine FoodBoss adds support for direct delivery from restaurants
FoodBoss aims to be something like Kayak for online food ordering — the place where you can search across different service and apps to find the lowest prices and fastest delivery times. One limitation, however, is the fact that the service was limited to third-party services like Uber Eats and…
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Uber reportedly acquires Postmates for $2.65 billion
Uber has acquired online food delivery service Postmates for $2.65 billion in stock, according to the NY Times and Bloomberg. The deal is expected to help Uber better compete against food delivery giant DoorDash and will be a consolation prize after… Source
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How Grab adapted after COVID-19 hit its ride-hailing business
The COVID-19 pandemic is taking a heavy toll on ride-hailing services, like Uber and Lyft. Grab, Southeast Asia’s largest ride-hailing company, has also been impacted, but the company has adapted by quickly transitioning many of its ride-hailing drivers to its on-demand delivery verticals and expanding services needed by customers during…
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