Line is a pretty busy company. Beyond a messaging app that claims over 160 million users, the company operates service like music streaming, manga, food delivery, games and it is also venturing into crypto. The company has long been known for its playful characters — Line Friends — which are a core part of its […]
View More First DJI, now Bang & Olufsen gets Line Friends-themed productsCategory: food delivery
UberEats UK couriers striking over pay changes
Groups of UberEats couriers are continuing to strike over pay and calling for a minimum £5 per delivery fee. Several strikes have been reported in London over the past few days, as well as other UK cities including Glasgow, Cardiff and Plymouth. Late last week Uber revealed a new pay structure which shrinks the per […]
View More UberEats UK couriers striking over pay changesVC firms of Kevin Durant and Snoop Dogg back Dutchie, a new cannabis delivery service
Ross Lipson, the chief executive officer and co-founder of the on-demand marijuana and cannabis delivery service, Dutchie, had thought he was done with the online delivery business. Instead, he’s launched a new delivery service that has just raised $3 million from Casa Verde Capital, the $45 million venture firm founded by hip hop impresario Snoop Dogg, and […]
View More VC firms of Kevin Durant and Snoop Dogg back Dutchie, a new cannabis delivery serviceRide-hailing startup Shohoz raises $15M to build the Grab of Bangladesh
Uber may be global but it is very much the alternative in some parts of the world. One such place is Bangladesh — the South Asian country that’s home to 160 million people — where local rival Pathao is backed by Go-Jek and recently raised $10 million. Now Pathao’s closest rival, Shohoz, has also pulled in […]
View More Ride-hailing startup Shohoz raises $15M to build the Grab of BangladeshOla raises $50M at a $4.3B valuation from two Chinese funds
Ola, the arch-rival of Uber in India, has raised $50 million at a valuation of about $4.3 billion from Sailing Capital, a Hong Kong-based private equity firm, and the China-Eurasian Economic Cooperation Fund (CEECF), a state-backed Chinese fund. The funding was disclosed in regulatory documents sourced by Paper.vc and reviewed by Indian financial publication Mint. […]
View More Ola raises $50M at a $4.3B valuation from two Chinese fundsDeliveroo will enter Taiwan, its fourth market in the Asia-Pacific so far
Food delivery service Deliveroo is making headway in its Asian expansion strategy. The London-based company announced today that it will launch in Taiwan in the coming weeks, starting with Taipei, the country’s capital, before heading to other cities. This marks Deliveroo’s fourth market in the Asia-Pacific region (the others are Australia, Hong Kong and Singapore) […]
View More Deliveroo will enter Taiwan, its fourth market in the Asia-Pacific so farAlibaba goes big on Russia with joint venture focused on gaming, shopping and more
Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture with one of the country’s leading internet companies. Russia is said to have over 70 million internet users, around half of its population, with countless more attracted from Russian-speaking neighboring countries. The numbers are projected to rise as, like in […]
View More Alibaba goes big on Russia with joint venture focused on gaming, shopping and moreSoutheast Asia’s Fave raises $20M and adds mystery strategic investor from China
So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as it explores expansion opportunities. The startup began as fitness subscription service KFit, but it pivoted group-buying and coupons after it acquired Groupon’s […]
View More Southeast Asia’s Fave raises $20M and adds mystery strategic investor from ChinaThe Amazonization of Whole Foods, one year in
Amazon promised to breathe new tech into the relationship with Whole Foods after putting a $13.7 billion ring on it one year ago. So how did that promise shake out? At the time, Amazon said the goal was to make “high-quality, natural and organic food affordable for everyone.” Bananas, avocados and even tilapia was going to be […]
View More The Amazonization of Whole Foods, one year inAnother food delivery startup, Foodsby, rakes in venture capital funding
Venture capitalists are still hungry for food delivery startups. Foodsby, the provider of a lunch delivery service based out of Minneapolis, has raised a $13.5 million Series B led by Piper Jaffray Merchant Banking. Greycroft Partners, Corazon Capital and Rally Ventures also participated. With the new capital, Foodsby plans to expand to 15 to 25 […]
View More Another food delivery startup, Foodsby, rakes in venture capital fundingDoorDash raises another $250M, nearly triples valuation to $4B
Food delivery startup DoorDash announced this afternoon that it has raised $250 million, just five months since the company announced a $535 million round. Why raise more money so soon? CEO Tony Xu told Axios that he wasn’t actively looking for additional investment, but was open to investor interest because it could help the company expand […]
View More DoorDash raises another $250M, nearly triples valuation to $4BChina’s Didi pumps $1B into its rebranded driver services business
Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also getting a rebrand. The Chinese ride-hailing firm had been tipped to spin out the business and raise $1.5 billion from investors ahead of an IPO, according to a recent Reuters […]
View More China’s Didi pumps $1B into its rebranded driver services business