Food delivery financing peaked in 2015 with 99% year-over-year growth in deals and over 180% growth in dollars. A single corporate minority round of $1.2B to Shanghai-based Ele.me, by Alibaba Group and Ant Financial, boosted the year’s funding total. However, deals and dollars still would have skyrocketed without it.
So far this year, food delivery startups have raised $946M across 86 deals. If financings continue at their current rate, sector deals will fall well below last year’s level and dollars may slip below 2014 totals.
MyGlamm, run by Sanghvi Technologies Pvt. Ltd, will launch its services in cities such as Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Indore, Jaipur and Kolkata in the next six months, according to founder and chief executive officer Darpan Sanghvi.
To begin to untangle the Uber issue, the Taiwanese government partnered with hacktivist network g0v (gov-zero). g0v originated in 2012 when a group of citizens, frustrated by the opacity of the government’s new economic reform agenda, created a series of shadow websites with data and visualizations on policy operations. (g0v website urls are identical to government urls, except that the sequence “gov” in the latter is replaced by “g0v.”) The network subsequently launched vTaiwan, a participatory rulemaking project modeled on Cornell University’s RegulationRoom.
Working together, these groups changed the way Seattle residents perceived Uber. No longer was it the White Knight vanquishing the hated yellow-cab monopoly. Instead, Uber became the bully, and 16 of the 18 candidates for council seats endorsed an unprecedented For-Hire Drivers’ Bill of Rights designed to give collective-bargaining rights to all drivers.
he partnership, called Ride to Health, will ask patients if they need a ride once they confirm the appointment. If they respond yes, the company will send a link to the Uber app, said Sam Johnson, CEO of Relatient, a cloud-based software developer that works with physician offices and hospitals.
While apps like Uber, Lyft, Juno, and Via are on the rise, NYC Taxi dispatches nearly 400,000 trips each day, according to new data out from Morgan Stanley. That’s compared to 168,528 from Uber and 26,783 trips from Lyft every day.
A group of app-dispatched food delivery drivers have served Chicago-based GrubHub with a class action, saying the company has wrongly classified them as contractors, when they should qualify as employees under the law.
Six people who have worked for GrubHub took aim June 28 in Chicago federal court against the web-based food delivery coordinator, arguing their classification as independent contractors violated state and federal labor and wage laws.
The new system, launched Monday, will factor in specific feedback on order accuracy, food quality and accuracy of delivery time, said Sudev Balakrishnan, Grubhub’s senior vice president of product. Grubhub’s existing star ratings will still be available.
The Chicago-based meal ordering and delivery platform is hoping the detailed reviews will help diners make ordering decisions based on factors they care most about, Balakrishnan said.
In turn, Grubhub (NYSE: GRUB) expects the new system to help restaurant owners better understand what influences their rating.
Shoppers spent slightly more time visiting a retail site via their desktop or laptop device in Q1 of this year compared to a year prior.
Retail Ecommerce Site Time (Q1 2016; Minutes)
Source: Demandware, June 2016