In its quest for product deliveries faster than a single day, Amazon’s Prime Air division unveiled a new delivery drone that can fly up to 15 miles on a charge and deliver packages under five pounds to customers in less than 30 minutes. Looking somewhat similar to a Star Wars TIE Fighter, the delivery giant’s latest drone was unveiled this week at the re:MARS Conference (Machine Learning, Automation, Robotics and Space) in Las Vegas. Amazon’s 20-year vet Jeff Wilke said in a blog post that it aims to scale its […]
Read MoreIt’s been a rough eight months for Grubhub’s stock price, but the company is celebrating good news in the form of $400 million in new financing through a private offering. According to the company’s press release, $340 million of that cash pile will be used to repay existing debt. Going deeper into the weeds, the new funds are being run through Grubhub Holdings, which is a wholly owned subsidiary of Grubhub Inc. The new notes will be senior unsecured obligations guaranteed by Grub and each of its domestic subsidiaries. In […]
Read MorePackaging for delivery is key, and something the industry is making great strides in to keep food in a decent state during delivery, but the waste created by restaurant packaging is becoming a bigger and bigger issue. The New York Times recently published an article exploring the ugly potential for mass delivery adoption, namely the huge amount of plastic that the Chinese takeout and delivery consumer is using. The issue comes right back to pleasing the consumer at all costs. “Restaurants in China that do business through Meituan and Ele.me […]
Read MoreLooking at which online grocery delivery brands offer the freshest food the fastest and most cost-effectively, Consumer Reports just published a ranking that listed Target-owned Shipt as the best groceries-on-demand service. Consumer Reports is a subscription-based publication that surveyed more than 3,000 of its members for the report. They collectively rated Shipt highest for hours of delivery, timeliness, communications on delivery status, packaging and text-based customer service—among more conventional factors like quality and freshness of the items delivered. The report also includes a stat from Bain and company and Google […]
Read MoreIn a pre-holiday announcement, DoorDash announced another round of investor cash bringing its total haul to more than $2 billion and the company’s valuation to an incredible $12.6 billion. The San Francisco-based company, founded by CEO Tony Xu, announced the completion of a Series G round of $600 million. This latest round was lead by new investors Darsana Capital Partners of New York and also brought in Sands Capital as another new investor. The round also included DST Global, Temasek, Dragoneer, Sequoia, all of which participated in the $400 million […]
Read MoreAs Wells Fargo sees restaurant delivery swelling to a $50 billion industry in the U.S. by 2022, the mega bank’s recent survey of 475 delivery consumers provides some insight on frequency, incrementality and the types of restaurants that have the most to gain. In its survey of nearly 500 consumers who ordered restaurant delivery at least one time over the surveyed month, the most notable finding was that the bulk of its respondents ordered delivery less than five times in a month, and 28 percent ordered delivery only one time […]
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