Market News
Recent Developments
New product launches
- In January 2022, Getir, an ultra-fast grocery delivery service on phone, launched its quick commerce services in London, U.K. The launch marks the company's expansion in the European market beyond Turkey. Getir promises to deliver groceries and daily essentials within 10 minutes.
- In June 2021, Flink one-stop online shop, announced the launch of its services in London to establish dark stores, enabling 10-minute deliveries. The launch strengthens Flink's presence in the UK.
- In May 2021, Gorillas, the European on-demand grocery delivery startup that rapidly achieved unicorn status, is set to commence its operations in the U.S. starting May 30. Offering grocery delivery within ten minutes or fewer, Gorillas will initiate its American venture by serving the Bushwick area, encompassing sections of Williamsburg and Downtown Brooklyn, which includes neighborhoods like Boerum Hill, Cobble Hill, and Carroll Gardens. The company has plans to broaden its reach to other parts of New York City and various other significant cities in the future.
Acquisition and partnerships
- In December 2022, Getir, an ultra-fast grocery delivery service, acquired Gorillas, a German ultrafast grocery delivery, in a US$1.20 billion deal. The acquisition brings together two major players in instant commerce in Europe.
- In February 2021, DoorDash, operates an online food ordering and food delivery platform, announced it was acquiring Chowbotics, a maker of robotic food prep devices. This allows DoorDash to move into automated fresh food production for its dark stores.
- In December 2021, Jokr, a global platform for instant grocery and retail delivery, partnered with UK supermarket chain Asda to offer on-demand grocery deliveries from Asda stores in London within 15 minutes.
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