The former head of the Facebook app, who reported directly to CEO Mark Zuckerberg, Fidji Simo, defended the social network at the start of an interview at the WSJ Tech Live event this afternoon. The exec was there to discuss her new role as Instacart CEO and her vision for the future of food delivery, […]
GrubMarket gobbles up $120M at a $1B+ pre-money valuation to take on the food supply chain
When people talk about “online food delivery” services, chances are that they’ll think of the Uber Eats, Instacarts and Getirs of this world. But today a startup that’s tackling a different aspect of the market — addressing the supply chain that subsequently turns the wheels of the bigger food distribution machine — is announcing a […]
CookUnity whips up nationwide expansion following $47M round
CookUnity combines the ready-to-eat meal category with a chef-focused business model that provides restaurant-quality meals at home.
Glovo to double down African investment in the next 12 months but will it stay put?
Spanish on-demand delivery platform Glovo today announced plans to double its investment in Africa and expand its operations on the continent. The Barcelona-based company has invested up to €25M ($30M) by bringing its food delivery service to six African countries — Morocco, Uganda, Kenya, Ghana, Côte d’Ivoire, and Nigeria. Glovo is available in more than […]
Owner.com serves up $10.7M so that independent restaurants can get cooking
Owner.com provides a free online ordering, delivery and marketing platform for independent restaurants that puts them on a similar playing fields with large restaurant chains.
Europe’s quick-commerce startups are overhyped: Lessons from China
More than 10 companies currently compete across Europe with an instant grocery delivery business model. Half of them were established in 2020, the year of the pandemic.
Grocery delivery startup Membo is hungry to build a Europe-wide, local food producer network
Estonia-based Membo — which is backed by Y Combinator and will be presenting at the incubator’s Summer 2021 Demo Day next week — is aiming to take a slice of the premium end of grocery shopping in Europe and a bite out of supermarket giants’ continued dominance of the traditional weekly food shop. On-demand food […]
Forward Kitchens cooks up $2.5M to transform existing kitchens into digital storefronts
Forward Kitchens provides a turnkey tool for restaurants to set up an online presence.
Bird shows improving scooter economics, long march to profitability
Newly reported financial data from Bird, an American scooter sharing service, shows a company with an improving economic model, and a multi-year path to profitability. However, that path is fraught.
YC-backed Tablevibe’s customer surveys help restaurants reduce their reliance on delivery apps
Food delivery apps offer convenience for customers, but a host of headaches for restaurants, like commissions as high as 40% and very few tools to build customer loyalty. Based in Singapore, Tablevibe wants to help restaurants reduce their reliance on third-party delivery apps and help them get more direct orders and returning customers. The startup […]