This move marks a consolidation phase for the delivery market, as Prosus (a global investor focused on technology) is the main shareholder of Delivery Hero. And Delivery Hero (47,000 employees, present in 70 countries) encompasses a huge portfolio of brands, such as PedidosYa (South America), Glovo and Foodora (Europe), Talabat and Hunger Station (Middle East/North Africa) up to Foodpanda in Asia, just to mention the main ones… In the future, a merger between Glovo and JustEat could be considered… The first half of fiscal 2024, for Delivery Hero, was still a bloodbath: over 700 million net loss on over 5 billion in revenue. Prosus is still losing a lot of money in India with its subsidiary Swiggy. In the long run and by focusing on concentration, delivery could really make money as it does now in the US with DoorDash.
Read: Delivery: between platform losses and worker exploitation
