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If Deliveroo aren't making money on Deliveries they must be seeing HUGE value in the customer data they're collecting.
They were valued at $7billion this year, despite being in £317.7m in debt.
Revenues increased 62 per cent over the year to £771.8m.
Revenues increased 62 per cent over the year to £771.8m.
Founder of @JustEatTakeaway @jitsegroen committed to taking on Uber and Deliveroo by increasing the courier network in London despite being reticent as it would dent their profitability: shares fell by 4% at this announcement. Inthe last Q of 2020 orders increased by 58%
So, there's no doubt there's the demand for deliveries.
It's clear that the profit margins are TIGHT
Is the consumer willing to pay more for the product? I think possibly maybe... but, you've got to remember local Indian, the chippie down the road, as well as your fine dining.
It's clear that the profit margins are TIGHT
Is the consumer willing to pay more for the product? I think possibly maybe... but, you've got to remember local Indian, the chippie down the road, as well as your fine dining.
How does the delivery model work better for everyone?
It needs to be fairer for restaurants; less fluctuating commissions based on how well you negotiate or how big your brand is & It needs to support the riders better financially.
It needs to be fairer for restaurants; less fluctuating commissions based on how well you negotiate or how big your brand is & It needs to support the riders better financially.
I'll share the articles I got these numbers from, they were from @FinancialTimes @FT
Any #Economists or #Investors want to help me puzzle this out? I'm not a finance person but I've got totally hooked on this model and how it can make sense.
Any #Economists or #Investors want to help me puzzle this out? I'm not a finance person but I've got totally hooked on this model and how it can make sense.
