Deliveroo went public in March and while trading got off to a bumpy start, the company's share price has recovered somewhat since then.London-headquartered Deliveroo and Berlin-based Delivery Hero are two of the largest food delivery companies in Europe and they've been fighting for market share in countries across the continent and beyond for almost a decade.
Delivery Hero, which is considerably larger than Deliveroo with a market cap of around 30 billion euros , also holds minority stakes in food delivery companies including Glovo, Just Eat Takeaway, Rappi and Zomato. It competes with Deliveroo in the Middle East through its Talabat business, and in Hong Kong and Singapore via its Foodpanda division.
Deliveroo and Delivery Hero don't, however, compete in the U.K., which is Deliveroo's main market. That's because Delivery Hero sold its U.K. business, Hungryhouse, to Just Eat in 2016 for around £200 million. Like UberEats and DoorDash, Deliveroo and Delivery Hero rely on an army of self-employed couriers to deliver food from restaurant kitchens to people's homes and offices in cities around the world in around 30 minutes, taking a cut on each order in the process.
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स्रोत: Reuters - 🏆 2. / 97 और पढो »