Jun 07, 2:27 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Asit Sharma 06/07/19 AT 2:15 PM Anyone who thought that investment interest in online-based food-delivery services might be waning need only look at the latest funding round of privately held DoorDash. Held in late May, this investment series valued the briskly expanding delivery service at $12.6 billion, just three months after a previous round of funding pegged its valuation at $7.1 billion.The delivery sector obviously still fascinates both institutional and retail investors. Total restaurant industry sales are projected to reach $863 billion in the U.S. this year, and the off-premises food delivery business is on track to hit $19.5 billion in 2019, at an impressive annual growth rate of 8.5%.In the investing world, it often makes sense to jump into a nascent market, especially if you possess the patience and appetite for the often-chaotic stock … [Read more...] about Is It Too Early To Invest In Food Delivery Companies?
Softbank leads 535m investment in food delivery start up
Published May 17, 2019 Amazon FOXBusiness Facebook Twitter Comments Print video Amazon's new way to box up your orders; the generation most insecure about their finances Fox Business Briefs: Amazon has reportedly added robot technology to a handful of warehouses to scan goods coming down a conveyor belt and putting them in boxes; new survey from Charles Schwab finds almost two thirds of Millennials say they are living paycheck to paycheck. The shipping war between Amazon and Walmart is continuing to heat up. Continue Reading Below On the heels of both retailers announcing their plans to launch next-day delivery services, Amazon reveals it has made another large investment in a U.K.-based food delivery service. On Friday, Deliveroo announced the e-commerce giant is leading its new $575 million funding round alongside other investors, including T. Rowe Price and Fidelity Management. Ticker Security Last Change %Chg AMZN … [Read more...] about Amazon just made another big investment in food delivery
Ocado leads £7m investment in food robot firm BelfastTelegraph.co.uk Investors led by Ocado have backed a robotics firm specialising in meal assembly in a funding round worth £7 million. https://www.belfasttelegraph.co.uk/business/uk-world/ocado-leads-7m-investment-in-food-robot-firm-38095194.html https://www.belfasttelegraph.co.uk/business/uk-world/article38095192.ece/ee6c5/AUTOCROP/h342/bpanews_488895ac-bf8e-4bb7-94c7-b8c633327058_1 Email Investors led by Ocado have backed a robotics firm specialising in meal assembly in a funding round worth £7 million. Karakuri’s machine automates the creation of food-to-go options, allowing restaurants and food retailers to make personalised meals. Ocado has taken a stake in the company for around £4 million. Other investors include Deliveroo backer Hoxton Ventures and lastminute.com co-founder Brent Hoberman’s vehicle Firstminute Capital. Tim Steiner, founder and CEO of Ocado, said: “Ocado is … [Read more...] about Ocado leads £7m investment in food robot firm
SoftBank has made a fresh $6bn investment in WeWork as the start-up launches a rebranding drive to take on new ventures outside its shared workspace business. Japanese tech conglomerate SoftBank was preparing a $16bn investment in WeWork following negotiations with the company at the end of 2018, but has since scaled back its investment and plans to become a majority stakeholder. Of the $6bn invested in the start-up, $5bn will be directed towards primary growth capital, while the remaining $1bn will be used to fund the purchase of shares from pre-existing investors. Founded in 2010, WeWork saw significant growth following an aggressive expansion of its shared working spaces across 425 different locations globally. The company has surfed a wave of rising investment and valuations in the global technology industry - the sector in which many of its clients operate. But a recent rout in tech stocks amid global economic slowdown played a role in Softbank's decision to pursue … [Read more...] about SoftBank scales back investment into shared workspace start-up WeWork
The Royal Bank of Scotland has invested in a digital current account aimed at students and young people to rival challenger banks Monzo and Starling. The £2m investment in fintech startup Loot was made through Natwest’s digital-only retail bank Bo, which is due to launch this year, and takes its total shareholding to 25 per cent following an initial £3m investment in July last year. Loot launched in 2014 to help students manage their finances and now has more than 175,000 sign-ups. Verified customers are provided with a pre-paid debit card and are offered insights into their spending habits, with the option to set daily or weekly budgets. Bo chief executive Mark Bailie said: “Loot is a really exciting brand and one that we’re proud to be associated with. “Through its innovative use of technology and intention to change the status quo, it’s quickly built a following of loyal customers, with potential for rapid future growth.” Other investors … [Read more...] about RBS invests in digital banking start up to rival Monzo and Starling