Via TechCrunch: Food startup Deliveroo raises $275M as Uber eats into its European market

moped-1

Deliveroo, a popular on-demand restaurant food delivery startup in Europe, has raised another $275 million in funding, a Series E investment that we have heard from sources values the company at around $1 billion. This latest round is led by new investor, Bridgepoint, previous investors DST Global and General Catalyst, and also had participation from existing investor Greenoaks Capital.

Deliveroo says the investment will go into growing its service in both new and existing markets, where it’s now live in 84 cities. It’s also going to keep investing in its new initiatives. These include a new B2B remote kitchen service, RooBox, which gives restaurants access to delivery-only kitchens in key locations. Other new services have included an expansion into alcohol delivery.

Deliveroo, who is not confirming its valuation, has now raised $475 million to date.

This latest funding comes at a time when the startup is facing a lot of heat from others who are also targeting the higher, foodie end of the prepared food market (typical Deliveroo restaurants include artisanal pizza and burger joints, trendy Middle Eastern delis, and hipster donut bakeries).

Rivals include Uber, which has stormed into Europe with Uber Eats; as well as others like Delivery Hero and Just Eat, and now, it seems, Amazon too (whose own food delivery project in Europe is currently codenamed “Hot Wheels”).

The intense competition in the market has led to a distinctly sink-or-swim climate, with other hopefuls like Take It Easy closing down last week after failing to raise money.

Sky News reported news of Deliveroo’s round earlier today, and we have confirmed the details with Deliveroo directly.

“After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery,” founder and CEO Will Shu said in a statement. “In particular, I’m excited about exploring completely new ways to solve the hardest problems restaurants face when offering delivery. RooBox is the first illustration of this approach, and innovations like these are at the heart of our mission. We’re proud and honoured to have the support of Bridgepoint, DST Global and General Catalyst in this endeavour.”

We had been hearing about Deliveroo’s attempts to raise this round for months now, and it came with several other interesting details.

For one, this round has been taking some time to close –nine months, by one person’s estimate — as the size and terms have fluctuated. We also understand from multiple sources that the company had hired Morgan Stanley either to help arrange financing for this deal, or potentially to find a buyer for the company. Among those that were approached as potential buyers or partners: Uber, Delivery Hero, Amazon, Just Eat and Takeaway.com. Those talks have not come to anything at this point.

Deliveroo, however, has been growing. It says that since its last round of funding ($100 million in November 2015), it has grown 400 percent and “reached profitability in a number of its established markets,” which would include London. It has also added 29 new cities and 9,000 new restaurant partners to its footprint in the last eight months.

And if we’re in a sink-or-swim climate at the moment, for now competitors are just happy to see Deliveroo seal the deal, since rising tides will help lift all (remaining) boats. “It’s good news that they managed to finally close,” another food delivery founder told me. “I think everyone was nervous it would be one of Europe’s largest failures… It would have effected the whole industry.”

Notably, Uber opted to partner up and sell off its operation in China to arch rival Didi Chuxing after it proved too costly to compete against it. Whether that might be a precedent for other geographies and categories beyond basic transport remains to be seen.

For now, there has been a lot of competition between Deliveroo and Uber Eats in markets like London, not just to secure restaurants for delivery and to find loyal customers, but to pick up drivers to complete orders.

Anecdotally, drivers who we have interviewed who have made the leap to Uber from Deliveroo tell us the pay is better — meaning Uber’s competing by sacrificing margin to gain market share.

Confusingly (or serendipitously?), the green-lettered black delivery boxes for Uber Eats and Deliveroo look nearly identical.

Deliveroo says that since its Series D, it has added 6,500 new riders to its network.

Via Techcrunch: Amazon launches Prime Air, its own dedicated cargo planes to speed delivery

amazon_one

A Boein 767 of Prime Air in the hangar of Seattle-Tacoma International Airport.

 

Drone delivery or self-driving trucks may not be here any time soon for Amazon.com.

But the e-commerce juggernaut plans to launch its first ever branded cargo plane, the Amazon One, at Seattle’s SeaFair Air Show on Friday.

The plane is a a Boeing 767-300 operated by Atlas Air, an existing provider of air cargo services for Amazon.com.

In a press statement ahead of the event, the company’s senior vice president of worldwide operations, Dave Clarke, outlined plans for a more expansive “air transportation network.” The company will lease 40 planes in total from Atlas Air and another partner, ATSG, for its Prime Air cargo operations in the next two years, he revealed.

The move is part of a broad effort to speed delivery for ever-demanding customers.

A time lapse video of the plane being painted is up for Amazon superfans who want to catch a glimpse before it flies in the airshow in Seattle.

On the ground, Amazon.com has also launched initiatives aimed at making delivery times as fast as possible for its Prime and other customers.

Among other things, these efforts include the addition of 4,000 trailers to its fleet of delivery trucks; the launch of Flex, a mobile app to let vetted freelance drivers start using their own vehicles to make Amazon.com deliveries; and the use of robotics and other technology to speed packing and sorting at its facilities.

Copying and Pasting needs Creativity. Blunders of Olpers explained

 

The article is not aimed at berating graduates of any University, be it Institute of Business Administration (I.B.A), Lahore University of Management Sciences (L.U.M.S), University of Karachi (U.o.K or K.U), Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST), Karachi School for Business & Leadership (K.S.B.L), Bahria University (Islamabad and Karachi), Mohammad Ali Jinnah University (M.A.J.U, Karachi & Islamabad), University of Central Punjab, University of Peshawar, Institute of Management Sciences (I.M.S), Karachi Institute of Technology & Entrepreneurship (K.I.T.E), IQRA University, University of Management & Technology (U.M.T), Greenwich University or any other Foreign University but rather points out at mistakes made in making print ads. Copying and pasting is a norm but that doesn’t mean one must harm his/her creativity just to feed his/her mouth. Is this trend acceptable since the West and the middle east including Latin America, Oceania, East and South East Asia and Africa are being tough on it. if anyone feels berated, it is purely coincidental and not targeted.

JWT, who serves Engro Corporation's Food and Beverages sector.

JWT, who serves Engro Corporation’s Food and Beverages sector.

 

New and old logos of Olpers

New and old logos of Olpers

 

 

10413310_862491870475028_7295741201895438972_n

If Olpers wanted to make a milkshake, why did it copy a copyrighted image and stole credit for such as well

 

The above picture highlights it. It’s absurd, Engro corporation always hires graduates from Institute of Business Administration (I.B.A) and Lahore University of Management Sciences (L.U.M.S) and yet they fail to produce (Same is done by JWT Pakistan).

I must ask, why hire a bunch of elite “Burger kids” when those “Burger” kids are least capable of producing, eat imported food bought by their Daddies filthy rich wallets, Mommies smoking sheesha in expensive German SUV’s and over sized villas constructed in Defence Housing Authority (D.H.A) and Clifton (Both in Karachi) and from D.H.A in Lahore and Islamabad as well? whats the use? what about those hard working middle class kids from other good and reputed universities who work part time to pay their dues and end up eating dust? is this the Pakistan we wanted? is this the labor market we all want? Of course not!!!!

Lets face it, the middle class in Pakistan is being oppressed. I mean LUMS and IBA do have good and responsible graduates but are they given space? most of them are abroad cursing Pakistan’s feudal society and patriarchal cum feudal social, societal and business systems. This current trend of copy pasting is so high among these so called confused stupid Brown American born/raised Pakistani desis who flaunt arrogance of wealth and fake Pakistani spirit with an American, Canadian and?or British passports. I must ask, are these asswipes even worthy of the North American?European?Middle Eastern market when they come here and mess up our already messed up market? are these buffoons any good? look at the amount of copy pasting and stupid nonsense Urdu sentences they are using. their market research is also very very poor, sorry to say and it is worse than what IBA/LUMS/IoBM/UoK/SZABIST/MAJU/KSBL produces because these universities are very serious and sincere in such matters as well as their students.

 

10441367_10153153800044626_2265735249967534646_n

JWT and Olpers need to be sued for infringement of copy writing. Using stock images is not only a turn off but a stupid practice as well

 

Even if the copy pasting thing is a norm, a practice running since decades. but don’t you think people need to be creative when copying?

There is a famous saying in Urdu: “Naqal ke liey Aqal bhi Chaahiyey.” meaning for cheating, you need to be clever (obviously using the mind lol 😀 ). But then again, where’s the creativity in the minds of these kids on whom their parents spent billions, even trillions! where is the spark in their mind? are they lazy? (probably). where in God’s name are we headed?

Shutterstock images will always be stock, but they are best utilized by small and medium enterprises (SME’s) to grab sales and profits in desperation. Secondly, Well established firms should refrain from such because they should rather produce their own images instead of copying images from shutter stock and social networks. Developing countries have no copyright protection laws but since the West is very active, given the current trend of copy pasting hardly and one from the east will be able to work in the west. Reason: It’s not terrorism, it’s the current trend of copying and pasting without any creativity, bluntly copying and pasting. this will harm our already once established creative industry which will not only hurt our impression but will send standards plummeting down to the basement.

 

10647191_413041918869405_1515286445947225138_n

10984625_413025355537728_6235410704539642973_n

11000550_413201045520159_1320380382388715458_n

11008557_862493980474817_6526321520058424683_n

 

 

11009107_862493117141570_7234447068531884421_n

11017694_413025302204400_6652341693749887911_n

Links to the mentioned images are as under:

https://www.facebook.com/l.php?u=https%3A%2F%2Fdashingdish.com%2Frecipe%2Fstrawberry-shortcake-protein-overnight-oatmeal%2F&h=BAQEfz65D

https://www.facebook.com/l.php?u=https%3A%2F%2Fdashingdish.com%2Frecipe%2Fstrawberry-shortcake-protein-overnight-oatmeal%2F&h=BAQEfz65D

http://www.facebook.com/l.php?u=http%3A%2F%2Fmyschaoreo.tumblr.com%2Fpost%2F73092141562%2Flight-leak-steam&h=iAQER0RkO

https://www.facebook.com/l.php?u=https%3A%2F%2Fwww.flickr.com%2Fphotos%2Fhoneyandjam%2F12240991345%2F&h=bAQEfo_pL

 

Let us all ask ourselves, copying and pasting without any creativity and worse part is using copyrighted stock image and using a stolen image for print ad purpose in media. Will we be spared? no. The Middle east has even tougher copyright laws! and since their managers are much more educated than ours, we can easily get our asses kicked. its depressing, way beyond depressing. Many are not admitting this mistake and call the West hypocrites when in fact we South Asians are becoming more hypocritical day after day, sadly :(. we need to control this trend, we don’t want freeloaders, we should honest, sincere, educated and creative people to save our industry hence we all will be using Indian ad hoardings.

May God save Pakistan! (Aameen)