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Our insatiable appetite for speedy delivery
06:39pm, Friday, 10'th Dec 2021 Axios
We used to be impressed by two-day shipping, then next-day shipping . Now we want our groceries in just 15 minutes. Why it matters: Our addiction to super-fast delivery — intensified by the pandemic — is clogging our cities, creating more low-paying jobs, and shuttering mom-and-pop stores on Main Street. Driving the news: DoorDash is the latest company to add speedy grocery delivery, with a New York City pilot that promises to fulfill orders in 15 minutes or less, Axios'' Kia Kokalitcheva reports . The fee is just $1.49. DoorDash isn''t the first to wade into 15-minute delivery. Consumers'' appetite for fast delivery has given rise to plenty of startups, like Jokr, Getir and Gorillas. And it won''t be the last. Instacart is working on a similar offering, The Information reports . What''s happening: The start of the pandemic was a turning point for online grocery ordering. Consumers who were wary of this service — and preferred to shop in person and pick out their produce themselves — started trying grocery delivery out of fear of COVID.
Led By DoorDash, Grocery Delivery Startup Flink Raises $750M
02:28pm, Friday, 10'th Dec 2021 PYMNTS
Rapid grocery delivery startup Flink raised $750 million in a Series B funding round at a pre-money valuation of $2.1 billion. The funding was led by DoorDash, with participation from Mubadala Capital. The fresh infusion of new capital will be used to expand Flink’s market position in Europe’s quick commerce space. Available in about 60 […]
Osborne Partners Capital Management LLC Decreases Position in DoorDash, Inc. (NYSE:DASH)
01:46pm, Friday, 10'th Dec 2021 Dakota Financial News
Osborne Partners Capital Management LLC lowered its position in DoorDash, Inc. (NYSE:DASH) by 91.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,029 shares of the companys stock after selling 10,453 shares during the quarter. Osborne Partners Capital Management []
Proposed EU legislation could give gig workers employee rights
12:27pm, Friday, 10'th Dec 2021
As many as 4.1 million gig workers in the European Union edged closer to full employment status on Thursday, when the European Commission, the executive branch of the EU, released draft legislation th
Berlin-based instant grocery startup Flink raises a $750M Series B led by DoorDash at a $2.85B post-money valuation (Ingrid Lunden/TechCrunch)
10:20am, Friday, 10'th Dec 2021 Techmeme
Ingrid Lunden / TechCrunch : Berlin-based instant grocery startup Flink raises a $750M Series B led by DoorDash at a $2.85B post-money valuation Instant grocery delivery continues to be a very frothy market, but today comes news of a major funding round for one player in it that investors believe will still be standing after the hype has died down.
Europe - Flink, the Berlin-based instant grocery startup, is now valued at $2.85B after raising $750M in a round led by DoorDash
06:17am, Friday, 10'th Dec 2021 Business Mag
Instant grocery delivery continues to be a very frothy market, but today comes news of a major funding round for one player in it that investors believe will still be standing
Flink, the Berlin-based instant grocery startup, is now valued at $2.85B after raising $750M in a round led by DoorDash
06:03am, Friday, 10'th Dec 2021 TechCrunch
Instant grocery delivery continues to be a very frothy market, but today comes news of a major funding round for one player in it that investors believe will still be standing after the hype has died down. Flink, the Berlin-based startup that sells food and other essentials at supermarket prices and aims to deliver them []
Flink, the Berlin-based instant grocery startup, is now valued at $2.85B after raising $750M in a round led by DoorDash TechCrunch
06:03am, Friday, 10'th Dec 2021 TechCrunch
Instant grocery delivery continues to be a very frothy market, but today comes news of a major funding round for one player in it that investors believe will still be standing after the hype has died down. Flink, the Berlin-based startup that sells food and other essentials at supermarket prices and aims to deliver them []
Flink, the Berlin-based instant grocery startup, is now valued at $2.85B after raising $750M in a round led by DoorDash
01:03am, Friday, 10'th Dec 2021
Instant grocery delivery continues to be a very frothy market, but today comes news of a major funding round for one player in it that investors believe will still be standing after the hype has died
DoorDash begins 10-15 minute delivery in New York City
01:01pm, Thursday, 09'th Dec 2021 Big News Network
NEW YORK CITY, New York: DoorDash has begun offering 10 to 15-minute deliveries in New York City through its newly-launched Dashmart, which provides very quick deliveries of groceries, household goods and restaurant food. In the DoorDash app and website, customers within the New York City delivery zone will see the new option under a tab called "convenience." With this new service, DoorDash is following a
DoorDash to build Australian engineering hub
01:34am, Thursday, 09'th Dec 2021 iTnews
To hire 50 engineers in 2022.
Grocers Tap Instacart to Compete With Ultrafast Delivery, but These Partnerships are a Double-Edged Sword
07:48pm, Wednesday, 08'th Dec 2021 PYMNTS
While the bulk of consumers grocery shopping remains weighted toward brick-and-mortar, competition for the small but growing online grocery market is heating up. With new startups emerging around the world promising 10- to 15-minute grocery deliveries, and with delivery giant DoorDash getting into the mix with the launch of its own ultrafast option, incumbent grocery []
Over one-third of gig workers say they have felt unsafe on the job, and nearly one-fifth have experienced sexual harassment
07:31pm, Wednesday, 08'th Dec 2021 Business Insider
As demand for services like DoorDash and Instacart continues, workers have been forced to reckon with crime, unruly customers, and sexual harassment.
TrueNorth has raised $50 million from Sam Altman and others to empower independent truckers
07:59am, Wednesday, 08'th Dec 2021 TechCrunch
Jin Stedge studied aerospace engineering at MIT, but after she found herself at Scotty Labs, an SRI International spin-out focused on autonomous driving, she says she came to appreciate how far away the tech is from large-scale adoption. Indeed, when Scotty was acquired by DoorDash in the summer of 2019, she teamed up with Sanjaya []
Destroying democracy can make you very rich
02:06am, Wednesday, 08'th Dec 2021 AlterNet
In any time before, leaving Congress to work for Donald Trump would be a huge financial step down in the world, like trading a job as a corporate lawyer for selling handmade Christmas ornaments in the park. Trump is, after all, one of the most spectacularly incompetent businessmen of all time . He is a man who was gifted a real estate empire and a billion dollars by his father and producer Mark Burnett, yet somehow managed not only to burn through all that money but also to go another one billion dollars into debt. Leaving your cush job as a congressman on the verge of chairing a prominent House committee to work for the guy who somehow lost $2 billion seems like a bad bet. But it''s a bet that Rep. Devin Nunes, R-Calif., is taking. On Monday, the Trump loyalist announced that he''s leaving the House to take a job as the CEO of the newly-formed Trump Media & Technology Group, even though, as Jon Skolnik reports for Salon , "Trump''s new social media platform is reportedly under investigation by federal regulators." While it''s tempting to snicker at Nunes and hope this business venture fails as badly as every other Trump business, the depressing truth is that Nunes is probably right that this is a cash cow.
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