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Walmart+ takes on Prime by dropping $35 minimum on Walmart.com purchases

Walmart+ takes on Prime by dropping minimum on Walmart.com purchases Walmart+, the retailer’s lower cost alternative to Amazon Prime offering same-day delivery of groceries and other items, is making its service more appealing with today’s launch of a new perk. The company says that starting on Friday, December 4, it will remove […]

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Uber officially completes Postmates acquisition

Uber officially completes Postmates acquisition Uber today announced the official completion of its Postmates acquisition deal, which it announced originally back in July. The all-stock deal, valued at around $2.65 billion at the time of its disclosure, sees Postmates join Uber, while continuing to operate as a separate service with its own […]

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How COVID-19 accelerated DoorDash’s business

How COVID-19 accelerated DoorDash’s business DoorDash filed to go public today, publishing numbers that showed rapid growth, enhanced profitability and an improving cash flow record which helped explain how the company had grown to a $16 billion valuation while private. The unicorn’s impending liquidity event will enrich a host of venture capital […]

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Kroger, one of America’s largest grocery chains, experiments with ghost kitchens and delivery in the Midwest

Kroger, one of America’s largest grocery chains, experiments with ghost kitchens and delivery in the Midwest The Kroger Co., one of the biggest grocery chains in the Midwest is dipping its toe into on-demand delivery and the ghost kitchen craze through a partnership with an Indianapolis-based startup, ClusterTruck. Supermarkets would seem to […]

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Raising $22.5 million, Liftit looks to expand its logistics services in Brazil, Mexico, Chile, and Ecuador

Raising .5 million, Liftit looks to expand its logistics services in Brazil, Mexico, Chile, and Ecuador The Colombian trucking and logistics services startup Liftit has raised $22.5 million in a new round of funding to capitalize on its newfound traction in markets across Latin America as responses to the COVID-19 epidemic bring […]

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Opera’s OPay still plans Africa expansion on Nigerian super app

Opera’s OPay still plans Africa expansion on Nigerian super app Opera’s Africa fintech startup OPay remains committed to building a multi-service super app in Nigeria as the foundation to expand on the continent. OPay also continues to operate ORide for limited passenger service — though the company is shifting the motorcycle ride-hail […]

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Tim Hortons eyes China coffee drinkers with Tencent investment

Tim Hortons eyes China coffee drinkers with Tencent investment Canadian coffee-and-doughnut chain Tim Hortons has secured a heavyweight partner to further its China expansion. The company announced on its social media account (in Chinese) on Tuesday that it has landed funding from Tencent, the Chinese social networking and gaming giant, without disclosing […]

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Latin America Roundup: Big rounds, big mergers and a $3.8M pandemic fund from Nubank

Latin America Roundup: Big rounds, big mergers and a .8M pandemic fund from Nubank Sophia Wood Contributor Share on Twitter Sophia Wood is a Venture Partner at Magma Partners . Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. More posts by this contributor Latin America […]

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Uber Eats exits seven markets, transfers one as part of competitive retooling

Uber Eats exits seven markets, transfers one as part of competitive retooling Uber Eats is pulling out of a clutch of markets — shuttering its on-demand food offering in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine. It’s also transferring its Uber Eats business operations in the United Arab […]

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Deliveroo cuts ~15% of staff as coronavirus challenges food delivery

Deliveroo cuts ~15% of staff as coronavirus challenges food delivery Is it feast or famine for food delivery startups during the coronavirus pandemic? The UK’s Deliveroo has confirmed it’s axing more than 350 staff — or around 15% of its global headcount. Late yesterday the Telegraph reported that the London-based startup will be […]

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