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 [...]
Alphawave shares lift slightly, after 22 per cent plunge in London stock market debut May 14, 2021 Following a turbulent market debut yesterday, Alphawave’s shares rebounded slightly in its second day of trading in the capital. The tech firm’s share price bounced to 366.2p per share this morning, down 1.03 per cent, after prices fell as low as 310.85p yesterday. Over half a billion pounds was wiped from the Canadian computer chip [...]
London-based food-tech platform Taster raises $37m in funding April 29, 2021 London-based digital restaurant platform Taster has raised $37m in series B funding, led by Cazoo-backing firm, the company confirmed today. Backed by the same firm that helped used-car platform Cazoo land its £5bn valuation, Octopus Ventures, Taster has capitalised on the growth seen within the food delivery industry over the last 18 months. “If McDonald’s [...]
Waitrose expands Deliveroo partnership to 150 stores, creating 400 jobs April 27, 2021 Waitrose has expanded its partnership with Deliveroo as it aims to ramps up its online delivery capabilities, in a move that will create up to 400 new jobs. The supermarket announced this morning that it will increase the number of Waitrose shops available on the delivery app from 40 to 150, serving around 13m people. [...]
Deliveroo expects growth to wane in a post-pandemic world April 15, 2021 Deliveroo expects its growth to slow down in a post-pandemic world, when customers will once again be able to visit restaurants in-person. The takeaway delivery app expects that in a post-pandemic world, its gross transaction value (GTV) is likely to grow between 30 and 40 per cent for the year, down considerably from GTV growth [...]
Deliveroo and Sainsbury’s expand partnership nationwide April 13, 2021 Deliveroo and Sainsbury’s will expand their partnership nationwide, following a successful trial that saw Sainsbury’s become available to order from via the Deliveroo app from 10 stores. The expansion includes 22 new stores in London, with the remaining stores spread nationally, including in Liverpool, Newcastle, Leeds, York, Aberdeen and Glasgow. In total, 100 Sainsbury’s [...]
Buy the dip: Deliveroo gets bump from retail investors keen to get a slice of the pie April 7, 2021 Retail investors appear not to have lost their appetite for Deliveroo, with investors today pushing the price of Deliveroo stock close to where it first debuted on the London Stock Exchange. By mid-afternoon on Wednesday the price of Deliveroo was up around two per cent, trading at around £2.86, down from £2.87 at its market [...]