According to PitchBook Data, investors have ploughed almost $14bn into on-demand grocery delivery services globally since the beginning of the pandemic, awith more funding arriving during the first three months of 2021 than the whole of last year!
The long-familiar concept of a doorstep delivery service, whose origins might be found in the humble milk float, has been turbocharged by a combination of the pandemic and Silicon Valley’s hype machine.
Apps such as DoorDash and Deliveroo focused on restaurants and takeaway meals, have proven consumer appetite for deliveries that are ordered online and arrive in as little as 30 minutes. But the new generation of start-ups eyeing the far greater market of groceries — estimated at $1tn in the US and more than €2tn in Europe — promise to deliver a basket of essentials in just 10 minutes.
In recent months, investors have been fighting to get in early to rapid delivery companies, many of them with little or no operating history before the pandemic began!
Investors have ploughed almost $14bn into on-demand grocery delivery services globally since the beginning of the pandemic Related Video:
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