Instacart has reportedly raised its internal valuation after cutting it several times. The privately held delivery firm hiked its internal price 18% in late February, The Information reported Sunday (April 2), citing a source with direct knowledge. PYMNTS has contacted Instacart for comment but has...
Restaurant delivery economics may be tricky, but with rising demand, the channel isn’t going anywhere. The Context Delivery sales continue to rise. Last month, the nation’s leading restaurant aggregator DoorDash shared in its earnings report that orders grew 35% year over year in the fourth quarter. “2022...
Around the world, grocers are reconceiving their grocery delivery businesses to better meet consumers’ needs. Kroger is slowing down its automated fulfillment center rollout but remains committed to opening more, as the grocery giant’s technology partner, British online grocery company Ocado, said Tuesday (March 28), Reuters reported....
Aiming to gain greater control over the digital restaurant market, Uber is rethinking ghost kitchens. The company announced Tuesday (March 28) the launch of its Certified Virtual Restaurant Program, through which Uber Eats takes a more central role in creating and controlling virtual brands on...
Gopuff has apparently turned to competitors for assistance in filling a delivery driver shortage. The Philadelphia-based rapid delivery service has been using Uber and DoorDash to help fulfill orders, the Financial Times (FT) reported Monday (March 27). It marks the latest sign of trouble for...
Uber Eats is reportedly removing thousands of virtual brands it says have cluttered its platform. Company officials told The Wall Street Journal (WSJ) Monday (March 27) that these brands — delivery services that don’t have a physical storefront — exploded on food aggregator apps during...
DoorDash is continuing its diversification efforts with a series of new retail partnerships. The delivery company announced Thursday (March 23) it had added Lush Cosmetics, Victoria’s Secret and Party City to its partner list. With this news came the debut of new shopping features, including...
As food delivery aggregators feel the macroeconomic pressures, some are responding with major layoffs. Just Eat Takeaway’s United Kingdom arm, for its part, is gearing up to let go of 1,700 of its courier employees, part of a move to return to a gig worker...
Delivery giant Just Eat Takeaway is reportedly cutting 1,700 driver jobs in the U.K. Those jobs will be replaced by gig workers, per published reports Tuesday (March 21), a U-turn for a company whose CEO had in the past criticized the gig economy model coming...
