Hi all, I'm a European business student, me and my team are doing a report about what happens during this phase of the delivery process. The ideal would be that you go into as much detail as possible about all the steps (like printing the bar-code or the packaging).
Thanks for helping us!
Today Delivery Hero, one of the world’s leading local delivery platforms, is launching operations in Japan, further expanding its leadership position in Asia. Delivery Hero’s regional brand foodpanda will roll-out its service to six inaugural cities – Kobe, Yokohama, Nagoya, Sapporo, Fukuoka, and Hiroshima – with plans to keep expanding its footprint in Japan continuously….
Local delivery platform Delivery Hero has announced that it would acquire the Latin America operations of Glovo – a Barcelona-based on-demand delivery startup – for up to €230M, including a €60M performance-based earn-out. The deal also includes a performance earn-out and the transaction between the two companies is expected to be completed within the next few weeks, if fulfillment conditions and regulatory approvals go as planned.
Glovo’s operations in some LatAm countries to go on until March 2021
Under the acquisition deal, Delivery Hero will take over Glovo’s entire operations in Latin American countries. This includes Argentina, Peru, Ecuador, Panama, Costa Rica, Honduras, Guatemala and the Dominican Republic. It is worth noting that Delivery Hero already has a presence in Argentina, Panama and the Dominican Republic, and the newly acquired assets in these markets will be transferred to Delivery Hero at the closing of this deal.
With this acquisition of Glovo’s operations in Peru, Ecuador, Costa Rica, Honduras and Guatemala, Delivery Hero will now be offering its service in five new countries. Under the terms of the deal, Glovo will continue to operate in these aforementioned countries until March 2021.
Niklas Östberg, CEO and Co-Founder of Delivery Hero, says, “Latin America is a region with exceptional growth potential for online delivery. Acquiring Glovo’s local operations gives us the opportunity to double down on our efforts to drive innovation, continuously improve customer experience and support local vendors in the region. We have been working closely with Glovo for many years, and are proud to incorporate their Latin American services into our global network.”
Headquartered in Berlin, Germany, Delivery Hero has more than 27,000 employees. It is listed on the Frankfurt stock exchange and became part of the leading index DAX (Deutscher Aktienindex) in 2020. It has a strong presence in 39 out of 44 countries in which it is operating across Europe, Latin America, Asia, the Middle East and North Africa. Delivery Hero also operates its own delivery service primarily in over 600 cities around the globe.
Trimming down to enhance efficiency
Glovo started its operations in 2015 and as per Dealroom, its current valuation stands at a notable €1.0B. After a few notable funding rounds, the company has sold its LATAM operations to “focus on key markets”
“We feel that it’s important to focus on key markets where we can build a long-term sustainable business and continue to provide our unique multi-category offering to our customers. This deal will allow us to strengthen our presence in those markets where we are already very strong, while also allowing us to invest in new markets where we see huge growth potential and opportunity,” says Oscar Pierre, CEO of Glovo.
Glovo operates in over 650 cities in 22 countries across EEMEA, LATAM and Sub-Saharan Africa. According to the company, it has more than 2.5 million monthly active users, 50,000 active couriers and over 50,000 associated partners worldwide.
In addition, Glovo has recently secured a convertible €120 million loan that was issued by Lugard Road Capital and Luxor Capital. The company says it will now focus its efforts on investing in its core markets and consolidating its leadership positions.
Image credits: Delivery Hero
The post Delivery Hero acquires Barcelona-based Glovo’s LatAm operations for up to €230M appeared first on Silicon Canals .
Drone delivery startup Volansi raises $ 50M to fly into new markets San Francisco Business Times
“startups when:1d” – Google News
More consolidation in the thin-margin food delivery space: Delivery Hero has announced it’s buying the LatinAm operations of Glovo, a Spanish on-demand delivery app. The German company said today that it’s paying up to €230 million to take over eight markets, including a €60 million performance-based earn-out.
The transaction, which Berlin-based Delivery Hero said it expects to close within a few weeks, will cover all of the Latin American countries where Glovo operates — namely: Argentina, Peru, Ecuador, Panama, Costa Rica, Honduras, Guatemala and the Dominican Republic.
Glovo had already pulled out of two LatAm markets at the start of this year, saying then that it was focused on markets where it could grow and establish itself among the top two delivery players. It exited the Middle East at the same time.
Offloading its LatAm operations to Delivery Hero now will leave it with 14 markets — and a fuller focus on Southern and Eastern Europe.
The move isn’t a huge surprise, given ongoing questions over profitability in the thin-margin delivery space.
Last December Glovo told us it was focused on trying to reach profitability “in a little over a year’s time.” That essentially means winning the race with competitors to be the dominant platform where you’re operating, and only operating in cities where the unit economics stack up, so — ideally — where you can nudge users to make high volumes of repeat orders.
Still, in December 2019, Glovo’s co-founder also told us it was expecting its LatAm business to be operationally profitable this year. But perhaps challenges related to the coronavirus pandemic have pushed it to narrow its focus.
There are also SoftBank’s billions to contend with. The Japanese tech investor has a $ 2 billion fund aimed at Central and South American — as well as making multiple investments in on-demand delivery startup, which have been duking it out for share in the region. The cost of competing in the region was likely rising and that wouldn’t help Glovo’s push for profitability.
Commenting on the sale in a statement, Glovo CEO Oscar Pierre said: “We feel that it’s important to focus on key markets where we can build a long-term sustainable business and continue to provide our unique multi-category offering to our customers.”
“This deal will allow us to strengthen our presence in those markets where we are already very strong, while also allowing us to invest in new markets where we see huge growth potential and opportunity. We truly believe that Delivery Hero is the best possible partner to take the business we’ve built in Latin America to the next level. They have everything it takes to go on and become the leading player in the region,” he added.
The sale means Delivery Hero will add five new markets to its LatAm footprint, as well as removing a competitor in three markets where the two have been directly competing (Argentina, Panama and the Dominican Republic).
In these three overlapping markets it will take over Glovo’s businesses directly, on the closing of the transaction. Glovo will continue to operate the other businesses until March 2021, they added.
The transaction is also subject to fulfillment of certain conditions and relevant regulatory approvals.
In a statement, Niklas Östberg, CEO and co-founder of Delivery Hero, said LatAm offers “exceptional growth potential” for his veteran food delivery business — which only two years ago sold its operations in its home market of Germany to another rival, Takeaway.com. (So, yes, the food delivery space really is a sizzling stir-fry of deals as players jockey for position and — they hope — profitability…)
“Latin America is a region with exceptional growth potential for online delivery. Acquiring Glovo’s local operations gives us the opportunity to double down on our efforts to drive innovation, continuously improve customer experience and support local vendors in the region. We have been working closely with Glovo for many years, and are proud to incorporate their Latin American services into our global network,” Östberg said.
Back in August Delivery Hero also went shopping on the grocery delivery front, picking up Dubai-based InstaShop. Grocery delivery has risen up the agenda during the coronavirus crisis, as food delivery app users have found themselves with more time at home than usual.
Glovo also bills itself as “more than food delivery” — with a button in the app where users can request delivery of “anything” (or at least anything one of its couriers can manage on a bike or moped).
Robotics generally have seen an increase in interest during the pandemic, so it makes perfect sense that investors are taking a closer look at autonomous drone delivery. That’s good news for Volansi, which just announced a $ 50 million Series B.
The round, led by Icon Ventures, brings the Bay Area-based startup’s total funding up to around $ 75 million. Also involved are existing investors Lightspeed Venture Partners and Y Combinator, as well as new names, Harpoon Ventures and Merck Global Health Innovation Fund.
Volansi (nee Volans-i) has been demonstrating its drones’ long-range capabilities for some time now. We wrote about them back in 2017, when they showed off a 100-mile flight — an impressive feat, given the restrictions of most traditional drones. These days the company’s primary drones are the Voly C10, which can move 10 pounds up to 50 miles and the M20, which the company claims has a 350-mile range, hitting speeds of up to 75 MPH.
A key application here is the delivery of medical supplies. The drones are capable of traversing terrain that might be difficult or impossible to travel through more traditional ground methods. Current clients include both enterprise and government departments. This new round of funding will go toward increasing headcount, launching new projects and advancing existing initiatives in the U.S. and emerging markets.