Glovo’s Post

The restaurant delivery industry faces significant headwinds against the full consolidation noted by theDelivery.World - there's more here https://bit.ly/3W0BmT6. Local players like Line Man in Thailand, and Chowdeck in Nigeria, may prove crucial in shaping the sector's future. While global platforms push for dominance, these local players could be formidable obstacles to complete consolidation. The outcome will likely depend on how well global platforms adapt to local markets and whether local players can maintain their edge while scaling. This may result in a more diverse global landscape rather than a fully consolidated industry. Local players' deep understanding of regional preferences and established relationships could give them a distinct advantage. As larger businesses strive to build sustainable delivery ecosystems, the interplay between global and local entities will be key. That is why the industry's future may see varied outcomes, from partnerships to continued competition. Rappi iFood LINE MAN Wongnai Chowdeck Heyfood FoodCourt (YC S22) Y Combinator Glovo Swiggy Zomato India

The restaurant delivery industry faces significant challenges, including increased costs, changing consumer behaviors, and operational complexities. These issues are particularly valid in Africa, where recent market exits by international platforms have left local players to fill the void. In 2023, Jumia, a leading e-commerce platform in Africa, discontinued its food delivery services in several markets. Similarly, Glovo pulled out of multiple African countries to focus on more sustainable markets. These exits underscore the complexities and volatility of African markets, presenting opportunities for local companies to step in and potentially thrive. In Nigeria, local delivery apps like OyaNow, are leveraging their understanding of local market dynamics to operate with lower overheads and greater agility. They can adapt quickly to changing consumer preferences and market conditions, which may lead to a more robust, locally-driven delivery ecosystem, despite the challenges that lie ahead. This realignment within the industry highlights the ongoing significant shifts and the potential for local players to dominate the market. #africa #fooddelivery #eddress #oyanow #glovo #jumia #delivery

Bolt Food Reaffirms Commitment to the Ghanaian Market Amidst Glovo's Exit Bolt Food, leading delivery platform in Ghana reaffirms unwavering commitment to its customers in Ghana, following Glovo's recent announcement of its withdrawal from the Ghanaian market. As a leading food delivery platform, Bolt Food has reiterated that they are here to stay, dedicated to providing exceptional service and supporting local communities. While Glovo's departure may cause concern, Bolt Food has reassured its customers and couriers that operations will continue seamlessly. "We are committed to ensuring that our customers and couriers experience the best possible service," said Ali Zaryab, Country Manager for Bolt Ghana. "Our goal is to be the most reliable and affordable platform in Ghana. We believe in the potential of this market and are here for the long haul." Bolt Food is actively expanding its network, stating that they will announce the addition of several new restaurants to the platform, enhancing the variety of dining options available to its customers. This expansion not only broadens culinary choices but also supports local businesses and couriers in reaching a wider audience. Since entering the Ghanaian market, Bolt Food has invested significantly in technology and infrastructure to provide top-notch services. "Our ongoing investments reflect our dedication to innovation and our confidence in the Ghanaian market's growth," added Zayrab. "We will continue to ensure a positive impact on the local economy and community." Over the past three and half years, Bolt Food has allocated substantial resources to enhance our service offerings in Ghana. These investments have included upgrading delivery logistics, introducing new app features for better user experience, and expanding our fleet to ensure faster and more efficient deliveries. Bolt Food’s focus has always been on adapting to the unique needs of the Ghanaian market, and are committed to continuing this trend. Bolt Food’s success in Ghana is attributed to our customer and courier-centric approach, regularly gathering feedback from customers to improve its services. About Bolt Bolt is a super-app with over 150 million customers in more than 45 countries and 500 cities across Europe and Africa (list of locations here). We offer a range of mobility products for different services and needs: Ride-hailing Bolt Food, delivering ready-made meals from restaurants Bolt Business, our corporate mobility service Bolt press kit: https://bolt.eu/presskit #boltfood #glovo #ghanaianmarket

August was my last month at Bolt Food.⌛️ It has been an amazing 3.6 years journey. It all started with Dan Negreata Negreata's message to me on Linkedin offering this amazing opportunity at Bolt Food. Later on a couple of interviews and hometask stages were carried out by Emilija Dadonaite and Dmitri Liberman . I remember my interview with Dimtiri Liberman. It was late evening in my time, he was quite tired and visible that he was working non stop on building Bolt Food from scratch. After 3 months Dale Slattery Slatery joined as a Regional Manager from Uber and worked with him for 6 months as Sales manager and later around 2 years as a country manager, and learned quite a lot from him about the operational part of the job. It was great working & learning and building the Bolt Food in Azerbaijan with him. After 7 months of working at Bolt Food , Kamran Samadli joined as Country Manager ,and started working on launching the business in the country. Remember those days when we used to physically deliver the tablets to restaurants and explain to them how to use it and be ready for the launch day. What have we done as Bolt Food in these past 3.6 years? -Despite of not been first in the market, we signed quite a lot KA restaurants & stores, that never worked with delivery companies, (Chio Chio San, Buyuk Firat, 50 Qepik, Remzi Oglu pakhlava etc) - Better Unit Economy: always aimed for higher commission than what competitor signed -Bigger Polygon: Included NZS/ Babek area to the delivery , connecting the main part of the city with the east side, no gap between. -24/7: Delivery -Focused on other source of Revenue From 3rd Parties: quite good and successful collaboration with FMCG companies - Quite high % of Provider funded campaigns Overall we as a Bolt Food we managed to change the nature of Food Delivery in Azerbaijan making affordable to everyone in the country and growing the market and supporting the local business in Azerbaijan. Until Bolt Food, average MOV was 10 azn for the customers to order, we made it 5 azn :). For the restaurants it was rare, food delivery companies to invest in their business , we managed to change that as well and created an environment where food delivery companies started heavily investing in local business. Proud to say we managed to support the local businesses directly and indirectly. Happy that I got a chance to be part of amazing team and the company🏡. What is next for me :) ? Next is something amazing and quite an interesting journey✈️, will share more in detail soon, stay tuned :)

The landscape of Singapore's daily life is undergoing a significant transformation, driven by the rise of food delivery services. A recent #CensuswideSurvey commissioned by Deliveroo reveals fascinating insights into consumer habits and preferences. Join the discussion on how these platforms are not just delivering food but also shaping a culture of convenience and community engagement. #SingaporeTrends #MarketInsights #InnovationInService #ConsumerBehavior

I find this to be pretty interesting. #businesses #smes #businessstrategy #innovation #ecommerce #restaurants

Sonford's steadfast approach to business, focusing on traditional values and consistent quality, raises an intriguing question about the balance between innovation and maintaining a successful formula. It's fascinating to see a business thrive by sticking to its roots in an era of rapid technological advancement. This example prompts us to consider the core elements that truly drive business success.

Meituan, the world's largest food delivery platform with 60m daily deliveries is launching Keeta in Saudi 🇸🇦 🛵 Following its recent success in Hong Kong, Meituan is set to make its first international foray by launching its food delivery platform KeeTa in Riyadh by the end of Q3 2024. [A] Strategic Expansion: 🍔 Amidst slowing domestic growth and intensifying competition in China, Meituan is seeking new growth opportunities abroad. 🍔 Riyadh, one of the wealthiest cities in the Middle East, represents a strategic choice for Meituan’s expansion due to its affluent population and high demand for food delivery services. [B] Competitive Market: 🍔 KeeTa will compete against established local players such as [1] Delivery Hero’s HungerStation | هنقرستيشن [2] Jahez International Company [3] Uber backed Careem [4] noon Food [5] MRSOOL | مرسول. [6] Lugmety | لقمتي [7] Shgardi [8] ToYou | تويو [9] The Chefz [10] مستر مندوب | MR MANDOOB 🍔 KeeTa plans to employ a subsidy-heavy strategy to attract users and delivery personnel, similar to its approach in Hong Kong. [C] Success in Hong Kong: 🍔 KeeTa was introduced to Hong Kong in May 2023 and quickly became the second most popular food delivery service there, surpassing Deliveroo & foodpanda. 🍔 This success is seen as a preliminary step towards Meituan's broader global expansion strategy. [D] Future Prospects: 🍔 The rollout of KeeTa in Riyadh will be phased, initially targeting specific districts in the city. 🍔 Meituan is contemplating other markets in the Middle Eastern region and beyond as part of its global growth strategy. As Meituan embarks on this ambitious journey, the global food delivery landscape is set to witness a new player bringing innovative approaches and competitive strategies. Repost ♻ and Follow Agam Garg to learn more about the food delivery space in the region.

Yesterday, I appreciated the innovative approach by Zomato and Deepinder Goyal, only to later learn that the decision had been reversed. Social media, while a powerful platform, can sometimes lead to unnecessary division and controversy over anything The introduction of the Pure Veg Mode was a groundbreaking initiative with the potential to address concerns many individuals face when ordering food online, such as instances of non-vegetarian items found in vegetarian dishes. This Initiative reflected inclusivity, progressiveness, and forward-thinking perspectives from business, societal, and cultural standpoints. While social media is a powerful tool, it can also have negative repercussions when companies rely too heavily on trolls and propagandists to influence their decisions. #Zomato #PureVegMode #PureVegFleet #Innovation #SocialMedia #BusinessEthics #PureVegMode

In Nigeria, 50% or more of household income is spent on food. It’s no wonder that we’re seeing ex-fintech operators launching food startups. 2 days ago, another food startup launched: GoLemon, founded by four former senior managers at Paystack, is a startup that delivers groceries and household items in Lagos. Joining a crowded food space in Nigeria, even as international giants like Jumia and Bolt have exited the market. Here are some other startups in the food space: ChowCentral (YC S23) Chow Central is building a virtual restaurant chain in Africa. What started as a Twitter page to sell affordable meals and help underutilized restaurants get sales during the COVID lockdown has now gone on to generate over $80,000 in monthly revenue. Founders Tosin Onafuye, Christopher Obasi and Adeyemi Onafuye are focused on helping millennials and GenZ's in African cities order meals online. The big bet is if they can serve 5 million of them once every month with an average spend of $8, they could cook up a $5B market opportunity. FoodCourt (YC S22) Foodcourt, FKA Cokitchen, is a leading virtual restaurant company. Founded in January 2021 by Henry Nnaji (CEO) and Paul Adokiye Iruene (CTO), their mission is to build a future where good food & convenience goods are seamlessly accessible with a few clicks. They have built a full-stack model to control different areas of the value chain, like technology, food production & delivery, to give users a seamless & consistent experience. Chowdeck Chowdeck is an on-demand food delivery service and marketplace where customers can order and receive food in under 30 minutes. In October 2023, they crossed ₦1 billion ($1.2 million) in monthly gross merchandise value (GMV) with over 25% take rate on each order. Femi Aluko (CEO), Olumide Ojo (CTO), Lanre Yussuf (COO) and the entire Chowdeck team are on a mission to empower restaurants in Africa to deliver meals to customers anywhere and anytime. So far, they've delivered over 80,000 meals. Vendease Africa Vendease enables restaurants in Africa to order directly from farms and food manufacturers. They've helped restaurants click to order and receive all their food supplies within 24 hours, eliminating expensive middlemen and vendors and wasting productive man hours. Founded in January 2020 by Tunde Kara (CEO), Olumide Fayankin (COO), Gatumi Aliyu (CPO), and Wale Oyepeju (CTO), they raised a seed round of $3.2 million just 7 months after participating in YC's winter cohort. -------------------------------------------- If you loved this, we share stories and insights from entrepreneurs changing the status quo in Africa. Follow us (The Flip) to always catch all of it.