Ride-hailing company Uber Technologies announced Wednesday (Nov. 23) that it is partnering with the British 20-minute convenience delivery app Zapp to offer the latter’s products on the Uber Eats marketplace in Central London. “We’re excited to partner with Zapp to offer round the clock convenience as one...
Those who have been skeptical of the hype around ultrafast grocery all along have been vindicated, at least in part, as players in the space continue to shrink, shut down and face other difficulties due to a more challenging macroeconomic environment. Investors have been pulling...
According to recent data from Pitchbook, European venture capital (VC) deal value hit €54.4 billion in the first half (H1) of 2022, with late-stage capital from international investors, larger traditional VC funds and nontraditional backers contributing 66.3% (€36.1 billion) to the total amount raised. The...
In the United Kingdom’s on-demand delivery sector — also known as quick-commerce or Q-Commerce — the story so far has been one of intense competition and consolidation as foreign companies like Germany’s Gorillas, Turkey’s Getir or U.S.-based Gopuff vie for space in the crowded market...
January 27, 2023
Barcelona is banning dark stores in a blow to the city’s quick commerce sector. As reported by Reuters on Friday (Jan. 27), city hall approved a total ban on urban distribution hubs that have become synonymous with speedy delivery firms like Glovo and Getir. According to Reuters, the council cited a need to “preserve neighborhood […]
May 27, 2022
Today in data, a number of ultrafast delivery services have begun cutting jobs as the industry struggles with inflation and a gloomy economic outlook. Data 300: Jobs cut by German...
January 28, 2022
Rapid delivery service Zapp raised $200 million in a Series B funding round to expand its footprint in larger U.K. cities, enhance its technology and improve its overall customer experience,...
July 07, 2015
The big banks of the U.K. are preparing to step up their digital payment efforts as they attempt to fend off the bite Apple is fixing to take out of...
