Alibaba's 2018 investment spree looks set to continue after it made a push to buy Ele.me,
the food delivery startup from China that it has invested in, in full.
Founder Peter Fedchenkov is also the founder and chief executive of Instamart, a seed - stage
food delivery startup founded in 2013 and operating in Russia.
But
food delivery startup, Postmates, took the gossip to a whole other level: It trash - talked Facebook in — of all places — the notes that accompanied Postmates newest app update.
Compare these numbers to Delivery Hero's acquisition of Yemeksepeti, Turkey's
food delivery startup for
The Japanese giant SoftBank is preparing to invest around $ 300 million into
the food delivery startup DoorDash, according to sources familiar with the deal.
Healthcare platform CureFit has acquired Bengaluru - based premium online
food delivery startup Kristys Kitchen in a cash and...
On Thursday, he announced the sale of Envoy's operations, including its customer base, campus marketing teams and logo, to
food delivery startup JoyRun for an undisclosed amount.
That's nine more than the second most active acquirer, German - based
food delivery startup Foodpanda, and nearly triple of what the similarly - valued Pinterest bought over the same period.
On Tuesday,
the food delivery startup hoping to reinvent frozen's reputation in the era of clean eating announced that it had raised some $ 43 million in a second round of funding, led by venture capital firm Lightspeed Venture Partners, with participation from VMG Partners, M13, actress Haylie Duff, Bobby Flay and Shaun White.
This comes on the heels of Maple, the New York
food delivery startup backed by acclaimed restaurateur David Chang, closure in early May.
Xuhao is the CEO of Ele.me, China's leading
food delivery startup, which is valued at approximately $ 6 billion and counts Alibaba and Tencent among its investors.
You have services like Blue Apron, Plated, and HelloFresh, and then you have a whole category of on - demand or plan - ahead meal - delivery and
food delivery startups like Munchery, Caviar, Maple, Tapingo, Postmates, and DoorDash.
And Blue Apron already has numerous competitors, with HelloFresh, Sun Basket, and other
food delivery startups in the mix.
One of China's leading
food delivery startups ele.me is about to receive US$ 1 billion funding from Alibaba and its financial affiliate, Ant Financial.
SpoonRocket, one of the first
food delivery startups to sell meals cooked in its own kitchens, will shut down its operation on Tuesday.
Food delivery startups have customers who would probably pay for Amazon Prime subscriptions, so Amazon is targeting them, he said.
Amazon.com Inc. declared war on
food delivery startups like DoorDash, PostMates and Munchery by striking at their geographic heart: the city of San Francisco.
And to be fair, a number of
food delivery startups have failed.
Earlier this year the failure of few
food delivery startups led to a number of pundits and articles claiming that the on - demand economy was in trouble.
It has raised about $ 120 million in total, a lot more than many
food delivery startups.
Not exact matches
So how can
startups emulate Uber's successful new offering when entering into already tightly packed spaces like
food delivery?
Postmates, the San Francisco - based
delivery startup best known for sending bike messengers with
food orders, hired Qatalyst in March.
For a
food discovery and
delivery startup, the name made sense.
Meal -
delivery startup Freshly has raised $ 77 million in new funds, financing that was led by Swiss - based
food giant Nestle.
In 2015 alone,
food -
delivery startups (not counting Uber) have raised a collective $ 500 million.
But unlike the majority of the onslaught of
food -
delivery startups, Uber started with a reputation for immediacy, which could give it a leg up.
Cowen's analysts say that UberEATS — along with a bunch of competitors in the
food -
delivery -
startup space — could capture 50 % of the
food -
delivery industry's growth in the 2015 fiscal year.
You could argue that
food -
delivery startups are a bad move because it's a crowded space.
Meituan - Dianping, one of China's highest - funded
startups offering services from
food delivery to hotel bookings, announced it was buying Tencent - backed Mobike for approximately US$ 3.4 billion, the largest bike - sharing deal to date.
«This trend could be due to several factors (or a combination of them): more
startups being targeted for acquihires as their growth slows, capital availability leading to more ready cash on - hand, and a general consolidation of certain industries (e.g.,
food delivery companies acquiring each other),» CB Insights wrote in a blog post.
Startups in the
food and grocery ecommerce and
delivery industry attracted almost $ 500 million in venture capital over the last year, a 51 percent increase from last year, while big players such as Google and Amazon continue to outdo each other with new
delivery options.
The opposite is true at Maple, a New York restaurant
startup that has spent nearly two years working to perfect
food delivery.
JoyRun investor Josh Goldman, a general partner at Norwest Venture Partners, said in a statement, «
Food delivery has seen only minor incremental changes to the challenging operational issues, and no previous
startup had really changed the unit economics in a sustainable way.
Maple, a
food -
delivery startup that launched in New York in 2015, announced in a letter that it would be closing shop on Monday.
Yummy 77 Amazon invested $ 20 million in the Shanghai - based
food -
delivery startup, marking the retailer's first strategic investment in the Chinese market since acquiring Joyo.com — Amazon's local e-commerce rival — 10 years earlier.
Sprig is the latest
food -
delivery startup to close its doors after struggling to scale.
Maple isn't the only
food -
delivery startup to struggle and sell its parts to a competitor in an increasingly crowded space.
The latest autonomous robots to hit the streets with
food delivery orders are from Marble, a San Francisco
startup that is partnering with Yelp to navigate crowded city streets and deliver your pad thai before it gets cold.
Meituan, a $ 30 billion Beijing - based
startup offering
food delivery, travel booking and other on - demand services, has made a...
While Square is best known for its payment software and hardware, it's also been expanding into other areas; for example, with the acquisition of
food delivery service Caviar and corporate catering
startup Zesty.
In the hyper - competitive
food -
delivery business,
startups are hoping to hook customers with subscription memberships and keep them from jumping to competitors that peddle discounts.
Food delivery and other on - demand
startups are facing increased scrutiny for having built largely unprofitable businesses that rely on venture capital to survive.
UberEats acquired David Chang's
delivery food service
startup Ando.
To prove its point, Starship is launching partnerships with DoorDash and Postmates, two
delivery startups that until now have relied on a network of human freelancers to deliver
food and other goods to consumers.
Startup companies that offer
food delivery services via an app are growing in popularity as consumers fall in love with the ease of placing an order on their phone.
Postmates, the San Francisco
startup best known for
food delivery, has hired the investment bank founded by famed Silicon Valley dealmaker Frank Quattrone to advise it on fund - raising efforts or a possible sale, according to three people familiar with the arrangement.
There were also rounds for Ghanaian e-learning
startup Chalkboard Education and Egyptian
food delivery platform Mumm.
Alibaba will be further expanding its stake in China's
food and local services
delivery market as the company is set to gain full control of Ele.me in a deal that puts the
startup's value at $ 9.5 billion.
For instance,
startup Fooji allows you to order
food delivery with emojis, and Domino's started accepting emoji pizza orders last spring.
Its warehouses reach operational profitability when they hit around 40 percent capacity, and all the recurring storage revenue makes its unit economics for pick - ups and drop - offs much better than
startups in verticals like
food delivery which expend resources for one - off payments.