last mile food delivery

European Uber rival Bolt eats up $709 million raise

European food delivery platform Bolt secures huge $704 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

Gopuff continues fast-track expansion, acquiring UK-based Dija

U.S.-based Gopuff has made its second acquisition of a delivery platform in Europe, announcing on Thursday it was acquiring Dija, which operates approximately 40 microfulfillment centers across Europe, including in London, Paris and Madrid.

“There are many similarities between Gopuff and Dija: both of our businesses have a vertically-integrated operating model, we share many core values and a passion for both innovation and delivering for our customers,” the company said in the announcement.

Terms...

https://www.freightwaves.com/news/gopuff-continues-fast-track-expansion-acquiring-europe-based-dija

Sonic+ tackles high food costs, waste with super app

The average meal travels 1,500 miles to its destination, according to CUESA, a nonprofit organization dedicated to growing thriving communities through local food markets. The organization said that this travel includes food moving from farms to processing plants, from the plants to warehouses, and finally to stores before traveling again to its final destination with the consumer. Along the way, that meal is generating greenhouse gas emissions, and a lot of them.

While CUESA promotes growing...

https://s29755.pcdn.co/news/sonic-tackles-high-food-costs-waste-with-super-app

Going the last mile with ‘guys on motorcycles with guns’ (with video)

last mile panel

To put the U.S. last-mile trucking market in broader perspective, look at non-U.S. markets. Things are really different over there across the border.

In a fireside chat during the FreightWaves Last Mile Logistics Summit, Liftit co-founder and CEO Brian York outlined how his company is growing its last-mile operations in Latin America, which now span Colombia, Brazil, Mexico, Chile and Ecuador.

Starting up Liftit

York was born in Bogota, Colombia, where he was abandoned and orphaned. He was adopted...

https://www.freightwaves.com/news/going-the-last-mile-with-guys-on-motorcycles-with-guns-with-video

Uber buys food delivery startup Postmates for $2.65 billion

Uber to buy Postmates for $2.65 billion in an all-stock deal (Photo: Uber & Postmates)

Ride-hailing giant Uber has agreed to an acquisition of on-demand food delivery company Postmates in a deal estimated to be worth $2.65 billion, as reported by Bloomberg early on Monday, July 6. The acquisition will be an all-stock buyout, with Uber Eats head Pierre-Dimitri Gore-Coty expected to continue running the delivery business of both Uber and Postmates. 

Ever since Dara Khosrowshahi took over as the CEO of Uber, the company has looked at aggressively expanding its presence across related...

https://s29755.pcdn.co/news/uber-buys-food-delivery-startup-postmates-for-2-65-billion