food delivery
TechCrunch+ roundup: Food tech smorgasbord, VCs squeeze crypto founders, startup layoffs 101
According to The Good Food Institute, fermentation startups received $290 million of the $911 million investors dropped on alternative protein companies in Q1 2022.
Rohlik bags $231M despite the market cooling on food delivery startups
The salad days are over for many startups in the online food delivery sector. Following a long period of cash injections, splashy and high-profile promotions, and interesting experiments toying with…
The company’s U.S. operations accounted for about 5% of the grocery delivery startup’s overall business.
Is consolidation on the horizon for Southeast Asia’s tech industry?
An analysis of recent changes in the market reveals four factors that could catalyze consolidation in Southeast Asia in the near future.
Uber Eats will now deliver your waffles across the country
Uber Eats, the food delivery arm of Uber, is launching nationwide shipping, a new product that will allow customers across the U.S., excluding Alaska and Hawaii, to get specialty food…
Yummy’s super-sized round helps grow its delivery, ride-sharing super app in LatAm
Yummy is working with over 8,000 merchants, processing 800,000 monthly transactions across its markets and growing over 40% quarter over quarter.
Uber today announced a significant milestone — it has completed 1 billion rides across all its markets in Africa. This feat translates to over 10 billion kilometres in terms…
Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market
Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% are passenger cars) on its roads. According to this finding, most are used cars;…
Just Eat Takeaway takes away chairman, investigates COO, weighs Grubhub sale as meal delivery cools down
The food delivery business, and tech companies leading the charge, were hot commodities at the peak of the COVID-19 pandemic as people stayed indoors and turned to apps to fill…
In the wake of Fast’s collapse, Volume thinks it can crack the payment checkout conundrum
Online payment methods can be expensive for merchants, who have to pay between 2% and 8% of every sale to debit and credit card, e-wallet and BNPL facilitators. Much of…
Construct Capital’s $300M fund targets critical infrastructure automation
The firm invests in the manufacturing, transportation and logistics sectors, which, they say “represent over half our country’s GDP and have not been tech-enabled.”
Deliveroo fined in France after court rules it abused riders’ rights
U.K. food delivery gig platform Deliveroo has lost a court challenge in France over the “freelancer” status of riders. Reuters reports that the company has been fined the maximum penalty…
Daily Crunch: To complicate Musk’s attempt to swallow Twitter, board approves ‘poison pill’ strategy
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
India’s Zomato says it will deliver food in 10 minutes in a global first
You’ve heard about — and depending on where you live, probably tried — having startups deliver grocery to you in 10 minutes. But what if the same experience could be…
Daily Crunch: 2 months after launching, São Paulo-based payments startup Yuno raises $10M
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Uber boosts Q1 profit guidance as the world gets moving again
U.S. ride-hailing and food delivery giant Uber raised its guidance for adjusted profitability in the first quarter, a rosier-than-anticipated outlook triggered by a spike in demand. In a fresh 8-k…
Popchew cooks up creator partnership approach to digitally native, local food brands
With Popchew, creators can build, launch and grow their own local food brands in a matter of weeks.
Weee! delivers second big funding round in a year, this time backed by SoftBank
This new monster round comes about a year after another big fundraise of $316 million in Series D financing.
New regulation in China to hit food delivery giants’ profit model
Between 2016 and 2020, the number of people who ordered food online in China doubled to 400 million. The boom was in part thanks to the generous subsidies shelled out…
Daily Crunch: Hackers leak names, personal details of donors to ‘Freedom Convoy’ protest
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Exploring the many faces of sidewalk delivery robots with Cartken’s Anjali Jindal Naik
“Sidewalks, to us, seem like the best way to get to an origin and an end destination. So that’s kind of where we’ve landed.”
Startups are evolving to manage growth alongside profitability
Tech firms around the world are slowly changing how they function to address concerns around their resilience and sustainability. Here are the key trends, per Jungle Ventures
Agot AI gives restaurants computer vision to see where food orders go wrong
Its product confirms order accuracy in real-time for both online ordering and notifies employees if an order needs a correction, for example, they forgot to add cheese or ketchup.
Splendid Spoon stirs its strategy to get you to love plant-based foods
For every dollar invested in Splendid Spoon in recent years, the company generated $15 in revenue.
Coatue leads another infusion into Lunchbox, which sees ghost kitchens leading restaurant tech revolution
The New York-based company is developing online ordering tools for enterprise restaurant chains and ghost kitchens to act as a restaurant’s entire digital tech stack.
Woflow structures merchant data so food ordering can be more accurate
Woflow’s data structuring platform powers some of our favorite food delivery apps so the next time you ask for “no bun,” you actually get what you order.
Deliverect raises $150M at a $1.4B+ valuation to streamline online and offline food orders
As we have started to see the light at the end of the COVID-19 tunnel, food delivery has shaped up to continue to be a major business. In England, for…
Gorillas to acquire Frichti in latest instant grocery consolidation
German startup Gorillas has announced that it plans to acquire Frichti, a French startup that delivers both ready-to-eat meals and groceries. The acquisition hasn’t closed just yet but both companies…
Calii bags $22.5M to build Latin America’s grocery shopping future
The mobile grocery app automates the supply chain, enabling customers to choose over 5,000 products delivered via a network of micro-fulfillment centers in less than two hours.
Instacart doubles down on its ready-made meals offering with new hub and faster delivery
Instacart is introducing a new “Ready Meals” hub to make it easier for users to discover and order ready-made meals from grocery stores on its app. The on-demand grocery delivery…
