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Food delivery
Daily Infographic: More delivery drivers park illegally amid curb congestion
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DoorDash to acquire in-store tech provider Bbot
DoorDash is going inside the restaurant. The delivery firm announced Tuesday its intent to acquire Bbot, a technology provider that creates seamless in-restaurant experiences for customers.
Terms were not disclosed. The acquisition is expected to close by the end of the first quarter.
“We’re excited to bring our combined suite to an even wider selection of merchants across the hospitality space – including bars, hotels and ghost kitchens – so these businesses can engage with more customers,...
https://www.freightwaves.com/news/doordash-to-acquire-in-store-tech-provider-bbot
Daily Infographic: Delivery Bots to College Campuses
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https://www.freightwaves.com/news/daily-infographic-delivery-bots-to-college-campuses
E-bike manufacturer Zoomo adds $20M to series B
A growing disruptor in the last-mile delivery space, Australian e-bike manufacturer Zoomo announced a $20 million addition to the series B funding round it completed in November, bringing the round’s total to $60 million and the company’s fundraising total to over $100 million.
Zoomo’s electric vehicles, which are geared toward last-mile delivery, are widely used by food and grocery delivery couriers for platforms like Uber Eats, DoorDash, Grubhub, Domino’s, Gopuff and Jokr. In December, the...
https://www.freightwaves.com/news/e-bike-manufacturer-zoomo-adds-20m-to-series-b
DoorDash earnings: Business expands, growth slows
One year after releasing its first earnings report as a public company, DoorDash is a mixed bag.
The food delivery platform released its earnings results for Q4 and FY2021 on Wednesday, posting record quarterly highs in total orders, marketplace gross order value, monthly active users (MAUs) and revenue. But it also posted its highest quarterly GAAP-adjusted net loss since Q4 2020 as it contends with decelerating revenue growth.
Revenue for Q4 2021 came in at $1.3 billion, surpassing the analyst...
https://www.freightwaves.com/news/doordash-earnings-business-expands-growth-slows
Uber Delivery delivers first quarterly adjusted profit
Uber is making its case as a superapp. The ride-hailing, freight-hauling, food-delivering platform reported its Q4 2021 and FY2021 earnings after the bell on Wednesday, recording its first profitable quarter for delivery in terms of adjusted earnings before income, taxes, depreciation and amortization.
The delivery segment’s adjusted EBITDA of $25 million helped drive a healthy quarter for Uber. For all segments, that figure was $86 million, topping the high end of Uber’s guidance and marking...
https://www.freightwaves.com/news/uber-delivery-delivers-first-quarterly-adjusted-profit
Robomart’s store on wheels provides glimpse into retail’s future
Ali Ahmed drove across the country from New York City to Los Angeles last week, but in spite of the 41-hour, 2,700-mile journey, he didn’t need to stop for food a single time. That’s because he wasn’t driving his own car — instead, he took the company van.
Ahmed is the CEO and co-founder of Robomart, the LA-based company that’s shaking up the food delivery model by bringing the entire store to the customer rather than just a single order. Fresh from demonstrating his company’s Snacks Robomart at...
https://www.freightwaves.com/news/robomarts-store-on-wheels-provides-glimpse-into-retails-future
Analysis: NYC grants sweeping new rights to food delivery workers
Imagine not being able to use the bathroom at your place of work. For many New York City food delivery drivers, that has been the reality because restaurants aren’t required to provide them with bathroom access. At least not until now.
This week, Mayor Eric Adams and Peter A. Hatch, Department of Consumer and Worker Protection (DCWP) commissioner, announced a set of provisions aimed at protecting app-based workers. The provisions, which took effect Monday, include a rule requiring restaurants to...
https://www.freightwaves.com/news/analysis-nyc-grants-sweeping-new-rights-to-food-delivery-workers
European Uber rival Bolt eats up $709 million raise
Now that Uber has shown that a third-party ride-sharing and food delivery business can, in fact, be profitable, it seems the floodgates are open as money from big-time investors continues to pour into the space.
The latest beneficiary of the craze is Estonia-based rideshare and food delivery startup Bolt, which just ate up a $709 million raise that pushed its valuation to nearly $8.4 billion. The round was co-led by Sequoia Capital, Fidelity Management (NYSE: FIS) and Research Company LLC with...
https://www.freightwaves.com/news/european-uber-rival-bolt-eats-up-709-million-raise