Deliveroo shares slip despite revenue soaring and lockdown orders doubling August 11, 2021 Lockdown favourite Deliveroo revenue jumped 82 per cent to £922m in the first half of the year, results out this morning showed. The number of orders doubled to shy of 150m in the first half of 2021 compared with 75m during the same period last year when the first national lockdown was introduced. Deliveroo said [...]
Delivery Hero to expand in Germany after Deliveroo investment August 10, 2021 Berlin-based company Delivery Hero has announced that it is to rollout its food and grocery delivery services in more German cities this autumn. The move comes after it announced buying a 5.9 per cent stake in rival delivery company Deliveroo. Delivery Hero was originally founded in Berlin a decade ago, but three years ago ceased [...]
Deliveroo shares surge after German rival purchases stake August 9, 2021 Deliveroo shares have jumped by ten per cent to the highest level since trading began after a German rival purchased a stake in the company. On Monday Deliveroo disclosed that it received a notification “of major holdings in the company’s shares from Delivery Hero after market close on 6 August 2021,” pushing share prices to [...]
Deliveroo set to pull out of Spain following gig economy law changes July 30, 2021 Deliveroo is set to shut down its operations in Spain, months after the government announced changes to the legal status of gig economy workers. The British company, which listed in London earlier this year, said it would consult on pulling out of the market due to the high levels of investment needed and uncertainty over [...]
Deliveroo lifts guidance as orders soar in second quarter July 8, 2021 Deliveroo this morning raised its guidance for the first year after a quarter in which the company said that orders increased nearly 90 per cent. In a trading update, the takeaway app said that it was now on track to see gross transaction value (GTV) grow between 50 and 60 per cent this year, up [...]
Deliveroo to create 400 new tech jobs after London stock market float July 7, 2021 Deliveroo will create 400 new tech jobs over the next year as the company aims to improve its service after a troubled stock market debut in London. The delivery giant is looking to hire across a range of roles, including software engineers, product managers, designers and data scientists. The vast majority of the jobs will [...]
Deliveroo founder and Amazon gain £70m shares windfall after today’s court ruling June 24, 2021 Shares in Deliveroo shot up 8.5 per cent today after Britain’s Court of Appeal ruled that its riders were self-employed, dismissing an appeal by the IWGB union against past judgements on their status. The boss of Deliveroo saw his fortune balloon by nearly £25m after the company’s riders were dealt a blow in their fight [...]
Will rapid delivery apps maintain post-pandemic momentum? June 12, 2021 Since the pandemic began, a slurry of quick delivery apps have emerged with the same promise to deliver food within 30 minutes, while the pandemic made supermarkets an even more costly chore. The pandemic pushed the pedal on rapid delivery apps like Weezy, Dija, Getir and Gorillas – a sector where a huge amount of [...]
A third of gig economy couriers and delivery drivers have no savings June 9, 2021 Around 30 per cent of gig economy drivers, riders and couriers across Europe had no savings in the first half of 2021. Almost half of the 10,000 workers surveyed had experienced a claimable event such as an accident. Of these, only 12 per cent had actually made a claim and 69 per cent had a [...]
Speed shopping: Food delivery space in frenzy as well-funded newcomers eye Deliveroo’s market share June 9, 2021 Getir has become the latest in a raft of fast-growing grocery delivery operators to raise bumper cash injections to fuel ambitious growth plans. The Turkey-based company, which said it can deliver to customers in as little as 10 minutes and launched in the UK in January, secured almost £400m in investment last week, taking its [...]