burger with fees 🍔 🍟 💰
Layoffs at Munchery as food delivery industry struggles
Layoffs at Munchery as food delivery industry struggles San Francisco food delivery service Munchery recently laid off 30 employees, a move that new CEO James Beriker said was necessary to streamline its operations.
SpoonRocket shuts down amongst on-demand apocalypse
SpoonRocket informed its investors it’s shutting down its on-demand pre-made meal delivery service after failing to raise the necessary capital to continue operations.
Leaked documents from startup Maple show the brutal economics of food delivery
On average, the restaurant-in-an-app lost money on each meal in 2015.
Postmates Raises $140 Million in Flat Funding Round
Postmates Inc. said it raised $140 million in a new funding round that failed to boost its valuation, reflecting investor ambivalence toward the once-hot on-demand delivery sector.
DoorDash Raises $127 Million in ‘Down’ Round
DoorDash said Tuesday it raised $127 million in its latest funding round primarily from existing investors, the latest sign of the delivery startup's struggle to secure a slug of capital.
Delivery Fee: $6
Selection Fee: $3
What Really Killed Homejoy? It Couldn't Hold On To Its Customers
When housecleaning startup Homejoy shut down last Friday, cofounder and CEO Adora Cheung said that four lawsuits pending against the company were a "deciding factor." But former employees and industry sources say the company was bleeding money because it couldn't hold onto repeat customers.
Only about 15% to 20% of customers booked again within a month
Selection Fee: $3
Avg. Blended Customer Acquisition Cost: $4 ($5 x 80%)
Doordash Proceeds: -$1
They are losing money on every order even before we account for fixed costs.
Clearly this is a terrible business. Why do so many of these companies exist?
DoorDash, a food-delivery startup that's rumored to be raising at a $1 billion valuation, has some shady instructions for its delivery workers
A DoorDash training video obtained by Business Insider shows DoorDash telling Dashers to follow certain practices that could mislead businesses and customers.
One Italian deli owner who does not partner with DoorDash complained to Eater that the startup was adding a few extra dollars to every menu item. One of his $15 paninis, for example, was listed at $21.95 on DoorDash.