Glovo acquires Poland's PizzaPortal to beat Uber Eats for $39 million - Business Insider

in a decade — but also chocked with players ranging from international giants like Uber Eats to well-funded local competition like Glovo and the UK's Deliveroo. That Glovo is acquiring may be a sign of further consolidation to come.

Glovo described PizzaPortal as Poland's biggest food delivery startup, potentially meaning the Spanish startup will lead the market after the acquisition. Pyszne.pl is another major rival in Poland. The acquisition comes after Uber CEO Dara Khosrowshahi outlined a new strategy for rival Uber Eats: dominate the market, or quit. He acknowledged directly that local competitors — like Glovo — are now well-funded and hard to beat.

Khosrowshahi said during Uber's third-quarter earnings call on Monday: "We're going to shoot to get to number one and number two in every market that we're in. If we can't make it to that level, we'll look to dispose or we'll get out of the market."Customers can order items from the pharmacy, the supermarket, as well as food to go. The company is headquartered in Barcelona, Spain and mostly focuses on eastern European, Mediterranean, and Latin countries.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rackspace, a former Amazon Web Services competitor, will acquire Onica - Business InsiderRackspace used to try to compete with Amazon's cloud. Now it's going 'all in' on Amazon Web Services with the acquisition of a consulting company.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Uber Q3 earnings preview: Analyst commentary leading up to report - Business InsiderAfter Lyft's rosy results, Wall Street is expecting that Uber will show a similarly strong quarter as the competitive landscape cools down.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here comes Uber … - Business InsiderInvestors are hoping for an update on the ride-hailing giant's efforts to stave its cash-burn as it attempts to turn a profit for the frst time.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Kim Kardashian and Kanye West add $3 million ranch to CA estate - Business InsiderThe celebrity power couple reportedly doled out just under $2.98 million for a single-story, ranch-style home near their existing estate. well la de fucking da
Source: BusinessInsider - 🏆 729. / 51 Read more »

See the pitch deck helped Glide raise $3.6 million from First Round - Business InsiderSee the pitch deck that landed this Y Combinator startup more than $3 million in funding before they took the stage at the accelerator’s famed Demo Day
Source: BusinessInsider - 🏆 729. / 51 Read more »