Grab’s online grocery shopping delivery service is on its way to grabbing a sizable share of the Southeast Asian market on the heels of an expansion. On Thursday (June 4), Grab announced it has added Cambodia to its list of countries serviced by its GrabMart shopping...
U.S. bank BankUnited says restaurant debt in its small business loan portfolios is showing signs of stress, and is blaming food delivery apps like Uber Eats for the problem. According to American Banker reports Friday (Jan. 24), BankUnited CEO Rajinder Singh warned that unlike other...
In a Series E round headed up by Abu Dhabi’s Mubadala state investment company, Spain’s on-demand delivery app Glovo has notched €150 million ($166 million) in funding. The company’s raise comes after a €150 million round that was announced in April and $134M in a Series C...
Indonesian delivery app Gojek has announced it will buy 5 percent of taxicab company Blue Bird, in an effort to stay competitive with rivals like Grab, according to a report by Bloomberg. Gojek will pay around $30 million for the stake, which is about 20...
July 27, 2023
Rappi, a Latin American delivery app backed by SoftBank, is partnering with FinTech R2 to provide loans to restaurants in Mexico and Colombia. Restaurants selling via the app for at least three months will be eligible for these loans, which will be repaid through their sales on the app, Bloomberg reported Thursday (July 27). Rappi aims to provide $60 […]
June 04, 2020
Grab’s online grocery shopping delivery service is on its way to grabbing a sizable share of the Southeast Asian market on the heels of an expansion. On Thursday (June 4),...
December 19, 2019
In a Series E round headed up by Abu Dhabi’s Mubadala state investment company, Spain’s on-demand delivery app Glovo has notched €150 million ($166 million) in funding. The company’s raise comes after...
December 16, 2019
Indonesian delivery app Gojek has announced it will buy 5 percent of taxicab company Blue Bird, in an effort to stay competitive with rivals like Grab, according to a report...
