Delivery Hero has sold its 4.5% stake in British food ordering platform Deliveroo. The Berlin-based company announced the $97 million sale of its 68 million shares in a news release Monday (Jan. 29), with the sale expected to settle Thursday (Feb. 1). “Following settlement, the company will...
For companies with super app ambitions, consolidation is a key strategy. Forging a seamless connection of experiences — even if they’re disparate experiences — demands some components be readily in place: A digital front door. A linking up of back-end systems, a matching of supply...
Uber is closing down its alcohol delivery business, Drizly. The move comes three years after Uber bought Drizly for $1.1 billion, Axios reported Monday (Jan. 15), citing Uber’s senior vice president of delivery, Pierre-Dimitri Gore-Coty. “After three years of Drizly operating independently within the Uber family, we’ve decided to close...
Instacart and DoorDash are raising prices in Seattle following the city’s new minimum pay law. Seattle in 2022 passed legislation that increased wages for drivers for the delivery apps. That law went into effect Saturday (Jan. 13), and is happening as the federal government is...
DoorDash is reportedly aiming to diversify beyond meal deliveries to diners in the U.S. “The two largest areas of investment are expansion and penetration outside of the U.S., as well as the same outside of restaurants,” CEO Tony Xu said in an interview with the Financial Times (FT)...
With changing wage laws shaking up the economics of restaurant delivery, key players have begun changing their approach. For instance, in California, a new minimum wage law requiring that fast-food workers receive at least $20 an hour, where previously the average hourly pay for fast-food...
Instacart is targeting employers’ office snack budgets, as aggregators compete for businesses’ food spending. On Tuesday (Dec. 12), meal benefits platform Sharebite announced a partnership with the grocery technology company, through which Sharebite clients receive a free one-year Instacart Business account, enabling snack and grocery...
As evolving regulations change the economics of third-party restaurant delivery, DoorDash is rolling back certain driver perks in New York City in response to the increased minimum wage for delivery workers. The United States’ leading aggregator announced Monday (Dec. 4) that it is making changes...
Uber’s delivery business is expanding beyond restaurants to include courier service from merchants not partnered with the company — a move that comes as aggregators race to capture consumers’ loyalty outside of mealtimes. The company announced Tuesday (Dec. 5) the launch of its “Store Pickup”...
