First we’re too lazy to cook, now we are too lazy to collect it.
This week, two of Europe’s biggest online food ordering groups attempted to combine bookings when Amsterdam-based Takeaway.com said it was in talks to buy the UK’s Just Eat. The £5bn proposed takeover marks a land grab for market share in a crowded sector.
DoorDash on Thursday announced a $410m deal for Square’s restaurant delivery unit, Caviar. DoorDash has raised nearly $2bn in the past two years, most recently valuing the company at $12.6bn.
“Lately, we’ve seen some massive deals go towards food delivery start-ups like DoorDash and Deliveroo. While this may give a short-term boost in prospects for the food delivery space, it doesn’t negate the fact that food delivery has had a tumultuous past,” said Natan Reddy, senior intelligence analyst at CB Insights.