<div>
  <ul>
    <li>
      <p>
        Prado, an e-commerce platform for meal delivery companies, raised USD 5.75 million in seed funding led by Bonfire Ventures, with participation from Slauson &amp; Co., January Ventures, Alumni Ventures, Bridge Investment Group, and Supply Change Fund.&nbsp;
      </p>
    </li>
    <li>
      <p>
        The company plans to use the funding to expand its employee base and scale its platform to support more merchant partners.
      </p>
    </li>
    <li>
      <p>
        Prado offers an ecommerce platform that enables restaurants and perishable food delivery companies to perform marketing, sales, fulfillment, and shipping operations. The company provides a tech stack that includes a wide range of tools for users to set up and manage online food delivery stores. These include tools for managing food delivery and customer support, automating kitchen operations, and creating marketing campaigns (including loyalty programs, promotions, and automated email/SMS). While offered primarily as a subscription service, the company also offers its enterprise users access to API data, a monthly account review meeting, and custom consulting.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://finance.yahoo.com/news/prado-raises-5-75-million-160000532.html?guccounter=1&guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAAFRO_PuudO026qAX9MSfEnaxJ6y6IzqzKAYeq8yFX1PK359F-7PfDI85S9N1NsscNtSXMS0SLtn0r_GM4ah_UBUbYB9Oi3EzcmUNy8t0h869oqDYGV5oOainGZSwGgmWz7D1q8kq6VfRjrmRiBHuy7bdHfZOca1nf5mwHbpdh0Sy">
      Press release
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2022/11/21/snap-kitchen-prado-meal-delivery/">
      Tech Crunch
    </a>
  </p>
</div>


Online Food Delivery

Prado raises USD 5.75 million in seed funding

<div>
 <p>Delivery Hero, an online food delivery company based in Germany, has disclosed plans to separate its Middle Eastern business, Talabat, to be listed on the Dubai Financial Market in Q4 of this year. Delivery Hero aims to maintain majority ownership in Talabat post-IPO, which will be implemented through a secondary share sale. However, the listing depends on market conditions, regulatory approvals, and permission from Delivery Hero's management and supervisory boards.</p>
</div>

Delivery Hero plans IPO of Middle East unit Talabat in Dubai

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <p>Coco Robotics is a company that develops remote-controlled delivery droids. The company has now announced a partnership with Uber to introduce droid-based delivery services for Uber Eats customers. The service will initially be available to customers in Los Angeles, California.</p>
 <p>The aim of the new service is to offer a sustainable and affordable delivery option. There are also plans to expand the service to other cities in the subsequent months.</p>
 <p>Currently, Coco has a fleet of more than 1,000 droids that have been used to complete more than 300,000 deliveries. The company mainly operates in various parts of Los Angeles and in Finland. However, there are plans to expand the company’s operations across the US and Europe by adding “thousands of” new robots to its fleet.</p>
 </div> <p><b>Analyst QuickTake:<br>
 </b> Uber has been progressively expanding its autonomous delivery services through strategic partnerships. Since 2021, it has collaborated with <a href="https:<br>
//sp-edge.com/companies/1295990"> Serve Robotics </a> to offer droid-based deliveries <a href="https:<br>
//sp-edge.com/updates/6508"> in Los Angeles, </a> with plans <a href="https:<br>
//sp-edge.com/updates/18949"> to scale droid-based deliveries </a> to 2,000 units across multiple markets. Additionally, partnerships with <a href="https:<br>
//sp-edge.com/companies/1327780"> Cartken </a> have enabled Uber to introduce autonomous deliveries in <a href="https:<br>
//sp-edge.com/updates/15373"> Miami (Florida), </a> <a href="https:<br>
//sp-edge.com/updates/17895"> Fairfax (Virginia), </a> and <a href="https:<br>
//sp-edge.com/updates/26771"> Tokyo (Japan). </a> Uber has also trialed ADVs with companies including <a href="https:<br>
//sp-edge.com/companies/324248"> Waymo </a> in <a href="https:<br>
//sp-edge.com/updates/28156"> Phoenix, Arizona, </a> reflecting its commitment to incorporating autonomous technology into its logistics operations.</p>

Coco Robotics partners with Uber to launch robot delivery on Uber Eats in Los Angeles

<div>
 <p>FreshRealm, a company specializing in the delivery of prepared meal and meal kits, has declared it will expand its operations. This expansion will involve the renovation of a 96,000-square-foot facility located in Montezuma, Georgia. </p>
 <p>The company's expansion strategy incorporates adapting numerous rooms in the facility for the production of their fresh meal solutions. Key areas will be allocated for the production of ready-to-heat and ready-to-cook meals. The facility will also accommodate eight ready-to-heat lines, together with four ready-to-cook lines, and four meal kit lines. The chosen location for the new facility is strategic, enabling FreshRealm to improve their service across the whole U.S. market. This will especially benefit the Mid-Atlantic and Southeast regions.</p>
</div>

FreshRealm expands operations with new facility in Montezuma, Georgia

<div>
 <p>SkipTheDishes and its parent company, Just Eat Takeaway, plan to lay off around 800 employees in Canada due to a restructuring exercise. The layoffs will include 100 SkipTheDishes employees and 700 Canadian employees from Just Eat Takeaway. The layoffs result from an organizational review and restructuring intended to facilitate sustainable growth.</p>
</div>

SkipTheDishes and Just Eat Takeaway lay off 800 employees in Canada amid restructure

<div>
 <p>Grubhub has updated its app with several new features, notably personalized recommendation carousels, a Wallet feature, live activity tracking, and a Priority Delivery option.</p>
 <p>The updated app now includes 30 different personalized recommendation carousels on its homepage. These highlight a variety of merchants based on factors like speedy delivery times and preferred cuisines. The Wallet feature gives users an aggregated view of their accrued customer credits and stored payment methods. Live Activity Tracking, available for iOS devices, provides in-the-moment updates on the status of an order, including estimated time of arrival. The Priority Delivery service guarantees faster delivery than the standard option for a cost of USD 2.49 per order but offers discounts for Grubhub+ members.</p>
 
</div>

Grubhub introduces new app features for personalized recommendations and priority delivery

<div>
 <p>GrubMarket, a business-to-business (B2B) startup specializing in produce and grocery logistics, has purchased the online grocery and meal kit delivery service Good Eggs. The details of the transaction, including the amount paid, have not been disclosed.</p>
 <p>In the wake of the acquisition, GrubMarket will put Good Eggs under new management. Keith Brewer from Daylight Foods, which is owned by GrubMarket, will oversee the operations. This strategic acquisition could potentially enable GrubMarket to explore ventures into the business-to-client (B2C) market, while benefiting from its existing B2B infrastructure and financial stability.</p>
 
</div>

GrubMarket acquires Good Eggs for undisclosed sum

<div>
 <p>Delivery Hero, a Germany-based online food delivery platform, has announced the merger of its foodora and Yemeksepeti branches in Europe with its foodpanda division in Asia to create the second-largest organization within the company.</p>
 <p>The newly formed organization will be managed by Tareq Barto, who is currently the Chief Operating Officer of Talabat, a subsidiary of Delivery Hero. This merger forms a strategic part of Delivery Hero's plans to sustain profitable growth and strengthen its global market leadership. The merger aims to leverage synergies and fuel accelerated growth for all three businesses across their respective markets.&nbsp;</p>
</div>

Delivery Hero merges business teams of foodora, Yemeksepeti, and foodpanda

<div>
 <p>Alphabet's drone delivery division, Wing, is collaborating with DoorDash and Queensland Investment Corporation to introduce drone delivery services in Victoria, Australia. The service will be accessible to residents in 26 eastern suburbs of Melbourne via the DoorDash app.</p>
</div>

DoorDash partners with Alphabet’s Wing to launche drone based delivery services in Victoria, Australia

<div>
 <p>Olo, a white-label restaurant platform, has formed a partnership with digital product agency, Bottle Rocket. Together, they have launched 'Ignite', a digital accelerator for restaurant brands. This platform offers pre-built Olo integration.</p>
 <p>Ignite provides a tailor-made digital platform that allows restaurants to develop custom mobile and web solutions. The provision of this service can reportedly cut down development time by as much as 40%.</p>
</div>

Olo partners with Bottle Rocket to launch digital accelerator for restaurant brands

<div>
 <p>Delivery Hero, an online food delivery platform based in Germany, has declared its intentions to significantly elevate its provision for a possible antitrust fine that might surpass EUR 400 million. Previously, the company had allocated EUR 186 million following the European Commission's inspections in July 2022 and November 2023.</p>
 <p>The prospective fine pertains to purported anti-competitive agreements for dividing national markets, divulging commercially sensitive data, and non-poaching accords. The decision to up the provision originates from an informal interaction with the European Commission followed by an in-depth analysis.</p>
</div>

All Updates

Prado raises USD 5.75 million in seed funding

Delivery Hero plans IPO of Middle East unit Talabat in Dubai

Coco Robotics partners with Uber to launch robot delivery on Uber Eats in Los Angeles

FreshRealm expands operations with new facility in Montezuma, Georgia

SkipTheDishes and Just Eat Takeaway lay off 800 employees in Canada amid restructure

Grubhub introduces new app features for personalized recommendations and priority delivery

GrubMarket acquires Good Eggs for undisclosed sum

Delivery Hero merges business teams of foodora, Yemeksepeti, and foodpanda

DoorDash partners with Alphabet’s Wing to launche drone based delivery services in Victoria, Australia

Olo partners with Bottle Rocket to launch digital accelerator for restaurant brands

Delivery Hero to increase provision for potential antitrust fine

Online Food Delivery

Prado raises USD 5.75 million in seed funding

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