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<p><div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div></p><ul class="summary-list"><li style="font-weight: 400;"><strong>On-demand food delivery app <a href="https://www.businessinsider.com/category/postmates">Postmates</a> plans to publicly reveal its IPO filing in September, <a href="https://techcrunch.com/2019/08/12/postmates-to-drop-ipo-filing-next-month/">TechCrunch reported Monday</a>.</strong></li><li style="font-weight: 400;"><strong>One Postmates investor confirmed to Business Insider that the company is in a pre-IPO quiet period. </strong></li><li style="font-weight: 400;"><strong><a href="https://www.businessinsider.com/postmates-ipo-public-2019-2">Postmates confidentially filed for an IPO</a> with the U.S. Securities and Exchange Commission in February.</strong></li><li style="font-weight: 400;"><strong>The food delivery startup was recently valued at $1.85 billion and has raised $681 million to date, <a href="https://my.pitchbook.com/profile/54309-16/company/profile#comparisons">according to Pitchbook data.</a> </strong></li><li style="font-weight: 400;"><strong><a href="https://www.businessinsider.com/">Visit Business Insider's homepage for more stories.</a></strong></li></ul><p><span style="font-weight: 400;">On-demand food delivery app Postmates is on track to go public before the end of 2019.</span></p><p><span style="font-weight: 400;">The buzzy startup is planning to publicly reveal its IPO filing in September, setting it up to debut on public markets in the third quarter of 2019, </span><a href="https://techcrunch.com/2019/08/12/postmates-to-drop-ipo-filing-next-month/"><span style="font-weight: 400;">according to a TechCrunch report Monday.</span></a></p><p><span style="font-weight: 400;">The filing will be the first look at the company's financials. </span><span style="font-weight: 400;">Postmates was most recently valued at $1.85 billion, and has raised a whopping $681 million in private venture funding since 2011, <a href="https://my.pitchbook.com/profile/54309-16/company/profile#comparisons">according to Pitchbook data</a>. The startup </span><a href="https://www.businessinsider.com/postmates-ipo-public-2019-2"><span style="font-weight: 400;">confidentially filed with the US Securities and Exchange Commission in February</span></a><span style="font-weight: 400;">.</span></p><p><span style="font-weight: 400;">A Postmates spokesperson declined to comment on the IPO process. A current Postmates investor confirmed to Business Insider that the company was in a pre-IPO "quiet period." </span></p><p><strong>Read More: </strong><a href="https://www.businessinsider.com/wework-unveil-ipo-filing-next-week-adam-neumann-2019-8"><em><span style="font-weight: 400;">WeWork's IPO filing will reportedly be revealed as soon as next week, giving us our best look yet at its business</span></em></a></p><p><span style="font-weight: 400;">The report comes on the heels of competitor </span><a href="https://www.businessinsider.com/doordash-buys-caviar-food-delivery-consolidation-2019-8"><span style="font-weight: 400;">DoorDash's $410 million purchase of Caviar</span></a><span style="font-weight: 400;"> from payments company <a href="https://www.businessinsider.com/category/square">Square</a> on August 5. The market for on-demand food delivery has taken center stage ahead of rumored public debuts from Postmates and DoorDash, but reports have also </span><a href="https://www.businessinsider.com/doordash-changes-tip-policies-after-criticism-from-workers-customers-2019-7"><span style="font-weight: 400;">placed scrutiny on how the companies pay its drivers</span></a><span style="font-weight: 400;">. </span></p><p><span style="font-weight: 400;">Postmates is backed by Uncork Capital, Founders Fund, Struck Capital, Spark Capital, Tiger Global Management, and Slow Ventures, among others.</span></p>

On-demand food delivery app Postmates is set to unveil its IPO filing in September

<ul class="summary-list"><li>Instacart is reportedly planning to go public in an IPO as soon as September, per Bloomberg.</li><li>The grocery delivery company has reportedly tried to go public multiple times before.</li></ul><p>You'll soon be able to buy Instacart stock — but we've heard that before.</p><p>The grocery delivery company could go public as soon as September, <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-08-17/instacart-said-to-plan-for-september-ipo-in-boost-for-listings">Bloomberg reported on Thursday.</a></p><p>Instacart could file plans for the IPO with the US Securities and Exchange Commission as soon as next week, according to Bloomberg. The plans would include details about the company's financial performance, which have not been available to the public so far. </p><p>Instacart declined to comment on the report. </p><p>The reported IPO plans come weeks after <a target="_blank" href="https://www.businessinsider.com/instacart-cuts-minimum-base-pay-for-drivers-2023-7">Instacart cut base pay</a> for its shoppers to $4 per order from $7. Since then, some <a target="_blank" href="https://www.businessinsider.com/instacart-shoppers-say-they-cant-keep-working-after-pay-cut-2023-8">Instacart workers have started searching for other jobs</a>, saying that their earnings have fallen so much that shopping and delivering orders through the platform is no longer worth their time.</p><p>Reports about Instacart planning an IPO have trickled out for nearly three years.</p><p><a target="_blank" href="https://www.businessinsider.com/instacart-to-add-300000-shoppers-as-online-grocery-delivery-surges-2020-3">Demand for grocery delivery</a> rose in the early months of 2020 as consumers avoided going to stores and socially distanced to avoid catching and spreading COVID-19. Against that backdrop, Instacart started preparing for an early-2021 IPO by hiring bankers, <a target="_blank" href="https://www.cnbc.com/2020/11/12/instacart-taps-goldman-for-ipo-at-30-billion-valuation-sources-say.html">CNBC reported</a> in November 2020.</p><p>But over the last two years, many customers have become comfortable doing their own shopping again. In March 2021, <a target="_blank" href="https://www.businessinsider.com/instacart-orders-for-costco-than-any-other-store-in-2020-2021-3">the Information reported</a> that Instacart paused plans to go public, opting to wait and see what post-pandemic demand for its services would look like.</p><p>Many white-collar employers have required their workers to come back to physical offices after a prolonged work-from-home phase during the pandemic. That's made ordering groceries for delivery less attractive, since <a target="_blank" href="https://www.businessinsider.com/return-to-work-mandates-could-mean-more-trouble-for-instacart-2023-4">remote workers are more likely to order groceries</a> online, according to a survey conducted earlier this year by Morning Consult.</p><p>Instacart reportedly filed for a direct listing in early 2022. As the year went on, though, it started considering a traditional IPO. An IPO involves raising money by issuing new shares, while a direct listing raises no new capital and only allows existing shares to change hands.</p><p>Instacart reportedly targeted an IPO before the end of 2022, according to <a target="_blank" href="https://www.wsj.com/articles/instacart-aims-to-go-public-before-years-end-defying-a-frozen-ipo-market-11659037083?mod=article_inline">the Wall Street Journal.</a></p><p>But those plans, too, were scuttled. Few companies, especially in the technology sector, went public in 2022. Instacart CEO Fidji Simo cited the slow IPO market as one reason Instacart delayed its offering again, the <a target="_blank" href="https://www.wsj.com/articles/instacart-pulls-back-on-fourth-quarter-ipo-plans-11666316077">Journal reported last October.</a></p><p>Demand for grocery delivery has continued to weaken, according to consultancy Brick Meets Click. Online grocery sales in the US for July were $7.2 billion, down 7% from a year ago, according to <a target="_blank" href="https://www.brickmeetsclick.com/july-u-s--egrocery-sales-slide-7--versus-year-ago-to--7-2-billion">a survey</a> from Brick Meets Click and Mercatus.</p>

Instacart is going public. For real, this time.

<p><div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div></p><ul class="summary-list"><li style="font-weight: 400;"><strong>On Thursday, <a href="https://www.businessinsider.com/amazon-postmates-pilot-autonomous-delivery-2019-8">on-demand food delivery startup Postmates</a> raised an additional $225 million in growth funding from private equity giant GPI Capital.</strong></li><li style="font-weight: 400;"><strong>The round valued the startup, which has plans to go public, at $2.4 billion, according to sources familiar with the funding. Its most recent private valuation was $1.85 billion in January.</strong></li><li style="font-weight: 400;"><strong>The food delivery service <a href="https://www.businessinsider.com/food-delivery-app-postmates-ipo-s1-filing-september-2019-8">confidentially filed to go public in February</a>, which would make a <a href="https://www.businessinsider.com/postmates-ipo-public-2019-2">public filing in September or October likely</a>. The late injection of growth capital is unusual among its cohort of 2019 IPO candidates. </strong></li><li style="font-weight: 400;"><strong>A person close to the company told Business Insider that the new funding had nothing to do with the planned IPO.</strong></li><li style="font-weight: 400;"><strong><a href="https://www.businessinsider.com/">Visit Business Insider's homepage for more stories.</a></strong></li></ul><p>Postmates just threw a $225 million Hail Mary.</p><p>The <a href="https://www.businessinsider.com/amazon-postmates-pilot-autonomous-delivery-2019-8">food delivery startup</a> announced Thursday it had raised $225 million in growth funding from private equity giant GPI Capital, valuing the company at $2.4 billion, according to a source familiar with the round. This round increases the company's valuation from its most recent $1.85 billion valuation, which it achieved in January.</p><p>The massive influx of cash comes <a href="https://www.businessinsider.com/food-delivery-app-postmates-ipo-s1-filing-september-2019-8">very shortly before Postmates</a> is expected to reveal its filings to go public. The startup <a href="https://www.businessinsider.com/postmates-ipo-public-2019-2">confidentially filed for IPO with the US Securities and Exchanges Commission in February</a>, which would indicate that its IPO could come as soon as October. Assuming that's still the plan, Postmates would have to release those confidential documents to the public in the coming days or weeks. </p><p><strong>Read More:</strong> <a href="https://www.businessinsider.com/food-delivery-app-postmates-ipo-s1-filing-september-2019-8"><em>On-demand food delivery app Postmates is set to unveil its IPO filing in September</em></a></p><p>Although not uncommon, <a href="https://www.forbes.com/sites/bizcarson/2019/09/19/postmates-raises-225-million-pre-ipo/#76bc60362baf">Forbes notes</a> that a large financing round like this could be an indication that Postmates is running low on cash or that it wants to boost its valuation on public markets. However, other major startups that have gone public in 2019 have avoided raising large rounds so close to their public debuts.</p><p>A person close to the company told Business Insider that the new funding had nothing to do with the planned IPO. Given the volatile performance of Uber, one of Postmates' chief food-delivery rivals, on the public markets, the company may be in no hurry to go public.</p>

Food-delivery startup Postmates is expected to go public very soon, but that didn't stop it from raising $225 million in new funding

<ul class="summary-list"><li><keyword id="7067009" type="UNKNOWN" weightage="60" keywordseo="rivian" source="Orion">Rivian</keyword> is looking to raise as much as $8 billion in its upcoming IPO, CNBC reported.</li><li>The electric truck maker is backed by big names including <keyword id="11893181" type="UNKNOWN" weightage="60" keywordseo="amazon" source="Orion">Amazon</keyword> and <keyword id="6355174" type="UNKNOWN" weightage="60" keywordseo="ford" source="Orion">Ford</keyword>.</li><li>The company has a lineup of electric SUVs and pickups, and has partnered with Amazon for electric delivery vans.</li></ul><p>Electric truck maker Rivian is gearing up to go public in the fourth quarter and is looking to raise as much as $8 billion in its IPO, <a href="https://www.reuters.com/business/autos-transportation/rivian-aims-raise-much-8-bln-ipo-sources-2021-09-15/" target="_blank" rel="noopener">Reuters reported on Wednesday</a>. </p><p>The company, which is backed by Amazon and has garnered additional investment from Ford and T. Rowe Price, <a href="https://markets.businessinsider.com/news/stocks/rivian-ipo-ev-maker-seeks-80-billion-valuation-amazon-2021-8">filed documents last month</a> indicating its intent to go public. A raise of $8 billion would make Rivian's the fourth largest IPO of the last 10 years, according to Reuters, just behind Uber's public debut in 2019. </p><p>The company's EV lineup include an electric SUV and an electric pickup truck, with plans to begin fulfilling pre-order deliveries later this year. It has also partnered with Amazon to manufacture <a href="https://www.businessinsider.com/amazon-creating-fleet-of-electric-delivery-vehicles-rivian-2020-2?utm_source=markets&amp;utm_medium=ingestgest">electric delivery vans</a> for the online retail giant. </p><p>Rivian has raised $10 billion since 2019, making it one of the most well-funded startups. Its IPO would allow it to expand operations, with plans to add additional manufacturing capacity beyond its current factor located in Normal, Illinois, Reuters said. </p>

Rivian wants to raise up to $8 billion in its hotly anticipated 4th-quarter IPO, report says

<ul><li><strong>Electric truck maker <keyword id="7067009" type="UNKNOWN" weightage="60" keywordseo="rivian" source="Orion">Rivian</keyword> soared as much as 46% in its <keyword id="6354763" type="UNKNOWN" weightage="60" keywordseo="ipo" source="Orion">IPO</keyword> trading debut on Wednesday.</strong></li><li><strong>Rivian is now valued at nearly $100 billion, a sign of the strong demand for EV companies among investors.</strong></li><li><strong><keyword id="12459829" type="UNKNOWN" weightage="60" keywordseo="rivian-stock" source="Orion">Rivian stock</keyword> hit a high of $113.90 per share, well above its IPO pricing of $78 per share.</strong></li></ul><p><a href="https://markets.businessinsider.com/stocks/rivn-stock">Rivian stock</a> finished its IPO trading day up 29% on Wednesday, giving the electric truck maker a market valuation of nearly $100 billion on a fully diluted basis. That makes it more valuable than its peers <a href="https://markets.businessinsider.com/stocks/f-stock">Ford</a> and <a href="https://markets.businessinsider.com/stocks/gm-stock">General Motors</a>.</p><p>The firm <a href="https://markets.businessinsider.com/news/stocks/rivian-ipo-valuation-value-amazon-ev-startup-66-billion-trading-debut-tesla">priced its IPO at $78 per share</a> Tuesday evening, well above its expected range of $72-$74, which was already raised from a prior range of $57-$62. Rivian's IPO pricing valued the company at about $77 billion on a fully diluted basis. Rivian hit a high of $119.46 on Wednesday.</p><p>Rivian raised $11.9 billion from its IPO by selling 153 million shares, making it the sixth biggest trading debut on a US exchange ever. Shares trade on the Nasdaq under the ticker symbol "RIVN." </p><p>Rivian now has a lot to prove, sporting a higher valuation than <a href="https://markets.businessinsider.com/stocks/f-stock">Ford</a>'s $80 billion market cap and <a href="https://markets.businessinsider.com/stocks/gm-stock">General Motors</a>' $86 billion. The EV startup is on track to lose $1.28 billion on revenue of no more than $1 million in the third quarter, according to its SEC filings.</p><p>The company, which was founded in 2009, began deliveries of its R1T truck in September, while its R1S truck won't begin deliveries until early 2022. Rivian already has more than 55,000 pre-orders for its vehicles. The R1T and R1S vehicles start at about $70,000, according to Rivian's website.</p><p>But Rivian can count on big business from <a href="https://markets.businessinsider.com/news/stocks/rivian-ipo-77-billion-rivn-big-winners-electric-trucks-amazon-2021-11">its early customer and investor,</a> Amazon, which ordered 100,000 electric delivery vans in 2019. <a href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon's</a> order is expected to be completed by 2030, with 10,000 electric delivery vans being delivered to the e-commerce giant early next year. Amazon is Rivian's largest shareholder, holding a 22% stake worth more than $12 billion.</p>

Rivian soars 29% in IPO debut, valuing electric truck company above peers at nearly $100 billion

<p><div class="KonaFilter image-container float_right click-to-enlarge"><div class="image on-image"><a title_source="Daniel Goodman / Business Insider" title_caption="" class="zoomin" href="http://static4.businessinsider.com/image/527d3196ecad04300a0cd406-960/m-and-ms-mm-mms-candy-dispenser-seamless-december-2011-bi-dng.jpg"><span class="click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source">Daniel Goodman / Business Insider</p></div><p></p></div><keyword id="1605556" type="UNKNOWN" weightage="60" keywordseo="seamless">Seamless</keyword>, the restaurant delivery online and mobile app service, will file for an IPO in 2014, according to <a href="https://twitter.com/TheStreet/status/398879181976903680">tweets from The Street</a> and <a href="https://twitter.com/JonMarino/status/398878904225505280?utm_source=dlvr.it&amp;utm_medium=twitter">Jonathan Marino of TheDeal</a>.</p>
<p class="p1"><a href="http://www.businessinsider.com/food-delivery-companies-seamless-and-grubhub-announce-merger-2013-5">Seamless merged with rival GrubHub</a> in May of this year.<span style="font-size: 15px; line-height: 1.5em;"> </span></p>
<p class="p1"><span style="font-size: 15px; line-height: 1.5em;">Matt Maloney, GrubHub's CEO, became the new company's chief executive officer. </span><span class="il" style="font-size: 15px; line-height: 1.5em;">Jonathan</span><span style="font-size: 15px; line-height: 1.5em;"> </span><span class="il" style="font-size: 15px; line-height: 1.5em;">Zabusky, Seamless' CEO,</span><span style="font-size: 15px; line-height: 1.5em;"> became its president. </span></p>
<p class="p1"><span style="font-size: 15px; line-height: 1.5em;">Since then <a href="http://www.businessinsider.com/eat-24-partners-with-yelp-2013-7">Yelp also entered the food delivery business</a> - so this is a category that is heating up.</span></p>
<p class="p1"><span style="font-size: 15px; line-height: 1.5em;">An IPO would swell Seamless' coffers for the fight against Yelp and other food delivery insurgents, like Eat 24.<br /></span></p>
<p> </p>

Seamless Eyeing IPO For 2014

<ul class="summary-list"><li><keyword id="4427948" type="PERSON" weightage="60" keywordseo="uber-eats">Uber Eats</keyword> rival <keyword id="2850943" type="PERSON" weightage="60" keywordseo="Deliveroo">Deliveroo</keyword> is moving further along the IPO process, picking Goldman Sachs as lead bankers for a possible IPO, Sky News reported.</li><li>A source confirmed to Business Insider in September that Deliveroo was exploring a float.</li><li>Sky News reports an IPO would value Deliveroo at £2 billion ($2.6 billion).</li><li>Deliveroo has said it went from near collapse prior to lockdown to profitability in May and June.</li></ul><p>Amazon-backed <keyword id="6376068" type="UNKNOWN" weightage="60" keywordseo="food-delivery">food delivery</keyword> firm Deliveroo has chosen Goldman Sachs to lead a possible IPO in 2021, <a href="https://news.sky.com/story/deliveroo-picks-goldman-to-steer-restaurant-app-to-london-float-12089031">Sky News</a> reported.</p><p>The float is likely to value the company at more than £2 billion ($2.6 billion), per the report.</p><p>A source close to Deliveroo confirmed to Business Insider last month <a href="https://www.businessinsider.com/deliveroo-ipo-early-discussions-2020-9">the startup was in early discussions about a float</a>, though it's possible the company will explore other options.</p><p>Deliveroo did not immediately respond to Business Insider's request for comment.</p><p>This news comes two months after Amazon's 16% stake in Deliveroo was cleared by the UK's competition watchdog in August. Amazon had invested as part of a $575 million round in May 2019, but the cash was put on ice over competition concerns. Rival services, including Domino's Pizza, lobbied against the deal, arguing that other delivery businesses would not be able to compete. </p><p>The deal was cleared in August 2020, but <a href="https://www.businessinsider.com/amazon-fined-72000-for-deliveroo-document-delay-by-uk-regulator-2020-9">Amazon was hit with a £55,000 ($72,364) fine</a> in September for causing "unnecessary delays to the CMA's investigation" by submitting 189 documents after the initial deadline.</p><p>Deliveroo has consistently reported losses over the years as it tries to shore up market share against European market leader Just Eat, and Uber Eats. The Amazon investment and IPO chatter suggests a turnaround in its fortunes.</p><p>The company signaled that it has ballooned during the pandemic as demand for <keyword id="6181" type="COMPANY" weightage="60" keywordseo="Food">food</keyword> deliveries soared during lockdown. In September, the app said it was hiring 15,000 new contractor delivery riders by the end of the year. The company has also stated it was profitable through May and June.</p>

Amazon-backed food delivery unicorn Deliveroo reportedly picked Goldman Sachs for a 2021 IPO

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Reuters / Drew Angerer of Getty Images</span></p><p class="caption">Amazon CEO Jeff Bezos and Deliveroo founder Will Shu.</p></div><p></p></div></div></p><ul class="summary-list"><li><strong>Here's everything you need to know about why <a href="https://www.businessinsider.com/amazon-leads-575-million-investment-in-deliveroo-2019-5?r=US&amp;IR=T">the Amazon-Deliveroo investment</a> is such a big deal.</strong></li><li><strong>Uber should be afraid. Shares in other delivery companies like Just Eat are already tanking on the news.</strong></li><li><strong>Deliveroo no longer needs IPO money.</strong></li><li><strong>Amazon has locked in another piece of the last-mile home delivery network it is obsessed with building.</strong></li><li><strong>The US fast-food business doesn't know what's about to hit it.</strong></li><li><a href="https://www.businessinsider.com/"><strong>See more stories on Business Insider's homepage.</strong></a></li></ul><p>Amazon's investment in <a href="https://www.businessinsider.com/amazon-leads-575-million-investment-in-deliveroo-2019-5?r=US&amp;IR=T">British food delivery unicorn Deliveroo</a> as part of a $575 million raise will probably change the landscape for last-mile solutions globally.</p><p>Here's why:</p><h2>The deal allows Will Shu to avoid staging an IPO - for now</h2><p>For years, founder and CEO Will Shu has considered taking his company public. It was worth $2 billion privately before the Amazon deal. It is probably worth north of $4 billion now.</p><p>The new funding means Shu does not need IPO cash to fund the next phase of expansion. Shu now has extra money to play with and a more relaxed timeframe for building his company globally.</p><p>He will come under pressure to show investors returns, of course - at some point a company can take in so much investment money that it becomes mathematically difficult to return a multiple via the public markets. But now he has options.</p><p>Shu is also personally publicity shy - so not having to go public saves him from that scrutiny, too.</p><h2>No IPO is probably good given Uber and Lyft's rocking offerings</h2><p>The two ride-sharing platforms' stocks have both collapsed since they floated. It's not a good look. Deliveroo, as a somewhat similar platform with a business model that also relies on a gig economy contractual workforce, probably didn't want to join them right now.</p><p><em><strong>Read more</strong>: <a href="https://www.businessinsider.com/deliveroo-history-and-timeline-2018-9?r=US&amp;IR=T" target="_blank" rel="noopener">How Deliveroo went from being the idea of a hungry banker to a $2 billion food delivery giant with backing from Amazon</a></em></p><h2>It builds a war chest for Deliveroo's US launch</h2><p>Although Shu is American, Deliveroo has yet to launch in the US. Densely populated food markets like New York and Los Angeles will be easy pickings for Deliveroo.</p><p>Although the US has plenty of app-based food delivery options, the arrival of Deliveroo will be a wakeup call for the fast-food and delivery industry there. Competition in the US is about to get more intense.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Reuters</span></p><p class="caption">Deliveroo rider.</p></div><p></p></div></div></p><h2>It's half a billion dollars - this is strategic and global</h2><p>Although we don't know the size of Amazon's stake, it's probably not a passive "nice to have" investment for Jeff Bezos. In the UK, the <a href="https://www.businessinsider.com/amazon-deliveroo-investment-hurts-uber-eats-just-eat-stock-is-tanking-2019-5?r=US&amp;IR=T" target="_blank" rel="noopener">stock of Just Eat, declined on news of the deal</a> - a harbinger of the way people feel about the Amazon-Deliveroo deal. Uber and its Uber Eats brand will be threatened by this, especially when Deliveroo arrives in the US.</p><h2>Amazon is obsessed with grocery home delivery platforms</h2><p><a href="https://www.businessinsider.com/ocado-shares-jump-after-amazon-takeover-rumours-2016-1?r=US&amp;IR=T">Amazon held talks to acquire Ocado</a>, the most technologically advanced grocery delivery platform on the planet, years ago. <a href="https://www.businessinsider.com/amazon-pantry-might-actually-be-good-for-ocado-2016-1?r=UK">Investors have been betting on some kind of Amazon-Ocado deal</a> for a while. Eventually, <a href="https://www.morrisons-corporate.com/media-centre/corporate-news/morrisons-to-enter-supply-arrangement-with-amazon/">Amazon and Ocado got into a three-way arrangement with supermarket Morrisons</a>, in which Ocado provides the delivery, and Morrison's provides the food to both Ocado and Amazon.</p><h2>Amazon is probably not interested in delivering pizzas</h2><p>It's more interested in building a "last-mile" delivery network. Amazon is obsessed with delivery generally. The fact that Amazon is planning to launch a drone delivery service (<a href="https://www.businessinsider.com/jeff-bezos-predicted-amazon-would-be-making-drone-deliveries-by-2018-2018-12?r=US&amp;IR=T" target="_blank" rel="noopener">it's not quite off the ground yet</a>) and is <a href="https://www.businessinsider.com/jeff-bezos-broke-ground-on-15-billion-amazon-airport-2019-5?r=US&amp;IR=T" target="_blank" rel="noopener">building its own airport</a> tells you how intense Bezos' interest is in getting products to your front door.</p><p>Deliveroo is the gold-standard of fast-food delivery in the UK. It's also the most innovative - the company is starting to build its own on-location kitchens that only provide food delivery, with no on-site eating.</p><h2>Amazon has largely failed to build its Amazon Fresh delivery service in the UK</h2><p>Although Amazon has a delivery presence through <keyword id="46801" type="COMPANY" weightage="60" keywordseo="prime">Prime</keyword> (<a href="https://www.telegraph.co.uk/technology/2019/03/02/amazon-readies-uk-wide-grocery-push-grows-local-teams/" target="_blank" rel="noopener">it has yet to launch outside London and the south east</a>), its food offering is often an also-ran internationally. Deliveroo fixes this. "We're impressed with Deliveroo's approach," as Doug Gurr, Amazon's country manager in the UK, put it.</p><h2>The deal sets up battle with Uber Eats</h2><p>Uber's food delivery brand is probably the best-capitalized delivery network on the planet, given the cash influx from the IPO. Now it has competition.</p><h2>Say goodbye to your kitchen</h2><p>The worst-kept secret about Deliveroo is its desire to <a href="https://www.businessinsider.com/deliveroo-history-and-timeline-2018-9?r=US&amp;IR=T#july-2017-sky-news-reports-rumours-that-japanese-giant-softbank-is-interested-in-investing-in-deliveroo-a-deal-never-materialises-possibly-because-the-conglomerate-went-on-to-invest-in-a-rival-uber-26">kill home-cooking</a>.</p><ul class="read-more-links"><li>Read more about Amazon and Deliveroo:</li><li><a href="https://www.businessinsider.com/amazon-leads-575-million-investment-in-deliveroo-2019-5?r=US&amp;IR=T">Amazon has invested in UK food delivery startup Deliveroo in a massive $575 million fundraise</a></li><li><a href="https://www.businessinsider.com/deliveroo-history-and-timeline-2018-9?r=US&amp;IR=T" data-read-more-link="" data-e2e-name="read-more-link">How Deliveroo went from being the idea of a hungry banker to a $2 billion food delivery giant coveted by Amazon</a></li><li><a href="https://www.businessinsider.com/photos-deliveroos-london-office-2017-7?r=US&amp;IR=T" data-read-more-link="" data-e2e-name="read-more-link">PHOTOS: Deliveroo's swanky London office that features a 'centre court'</a></li></ul><p class="tagline"><a href="https://www.businessinsider.com/intelligence/5-biggest-questions-around-amazons-new-grocery-chain?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_leadgen&amp;itm_content=ecommerce&amp;itm_campaign=5-biggest-questions-around-amazons-new-grocery-chain"></a></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/london-handbag-fire-hoses-recycled-fashion-accessories-sustainability-2019-5">This London handbag company has recycled 175 tons of fire hoses into fashion accessories</a></h3>        <div>                    </div>    </div>

This is global and strategic: What Amazon's mega investment in Deliveroo means for Uber and everyone else

<ul class="summary-list"><li><keyword id="2675287" type="PERSON" weightage="60" keywordseo="Doordash">DoorDash</keyword> updated its pricing range for its initial public offering on Friday.</li><li>The food delivery company aims to raise up to $3.1 billion by selling 33 million shares, priced between $90 and $95 per share. That's up from the previous range of $75 to $85.</li><li>DoorDash's <keyword id="6354763" type="UNKNOWN" weightage="60" keywordseo="ipo">IPO</keyword> is scheduled for December 8 and its trading debut on the NYSE follows the next day.</li></ul><p>DoorDash plans to raise as much as $3.1 billion in its much-anticipated stock market debut this month, <a href="https://www.sec.gov/Archives/edgar/data/1792789/000119312520309968/d752207ds1a.htm">according to an SEC filing released Friday</a>.</p><p>The food delivery company plans to sell 33 million shares between $90 and $95 per share. Its pricing range was lifted from a prior target of between $75 and $85 per share. At the top end of the IPO price range, the company's market capitalization would be around $30 billion. </p><p>San Francisco-based DoorDash, the biggest player of the US food delivery services, plans to list on the New York Stock Exchange under the ticker symbol "DASH."</p><p>The IPO is scheduled for December 8 while its trading debut on the NYSE would follow the next day, according to <a href="https://www.bloomberg.com/news/articles/2020-11-30/food-delivery-startup-doordash-to-seek-up-to-2-8-billion-in-ipo#:~:text=DoorDash%20is%20currently%20planning%20to,because%20it%20wasn't%20public.">Bloomberg</a>. Lead underwriters for its offering are Goldman Sachs and JPMorgan.</p><p>DoorDash is seven years old and calls itself an "emerging growth company." Like many other startups, the delivery company has been operating at a loss for years as it seeks to expand its userbase.</p><p>Other companies that are planning an IPO in December include Airbnb, which is eyeing a <a href="https://markets.businessinsider.com/news/stocks/airbnb-ipo-billion-35-valuation-mid-december-filing-2020-12-1029853397">$35 billion valuation</a>, video-game firm Roblox, fintech Affirm Holdings, and e-commerce platform ContextLogic.</p><p><strong><em>Read More: </em></strong><em><a href="https://www.businessinsider.com/stock-picks-to-buy-ecommerce-holiday-shopping-season-pedro-palandrani-2020-12" target="_blank" rel="noopener noreferrer">A Wall Street analyst breaks down why e-commerce stocks are 'just getting started' and will continue to see massive growth even after vaccine distribution - and says these 4 are best-positioned for gains during the holiday shopping season</a></em></p>

DoorDash boosts its IPO target, now seeks to raise $3.1 billion

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Alex Wong/Getty Images</span></p><p class="caption">CEO and founder of Amazon Jeff Bezos participates in a discussion during a Milestone Celebration dinner September 13, 2018 in Washington, DC.</p></div><p></p></div></div></p><ul class="summary-list"><li><strong>Amazon has reportedly expressed interest in acquiring UK food delivery startup Deliveroo twice.</strong></li><li><strong>The news comes after a report that Bloomberg has also been in early talks for the company.</strong></li><li><strong>Deliveroo is a major player in the space, and would give either company's takeout delivery plans a significant boost in cities around the world - if it agreed to sell.</strong></li></ul><p>It sounds like Uber isn't the only major tech firm hungry for Deliveroo.</p><p><a href="https://www.telegraph.co.uk/technology/2018/09/24/amazon-made-two-approaches-deliveroo-uber-circles-2bn-delivery/">According to a report from The Telegraph published Monday, Amazon has expressed interest</a> in acquiring the London-based food delivery startup twice in the past, and had made "preliminary approaches."</p><p>The Telegraph reports that the most recent talks between Amazon and Deliveroo were nine months ago, and the two firms also spoke before Amazon launched its own take-out delivery service.</p><p>The news comes after <a href="https://www.bloomberg.com/news/articles/2018-09-20/uber-is-said-to-be-in-early-talks-to-buy-europe-s-deliveroo">a report from Bloomberg on Friday that Uber, the Silicon Valley ride-hailing firm, has also engaged in early talks</a> to try and buy Deliveroo. </p><p>An Amazon spokesperson declined to comment to Business Insider. Deliveroo did not immediately respond to a request for comment.</p><p>Deliveroo is one of Europe's biggest startup success stories. Founded in 2013 by Americans Will Shu and Greg Orlowski, Deliveroo enlists contract employees as couriers, who deliver food from local restaurants in some 200 cities all over the UK, the European Union, Asia, and Australia.</p><p>Last year,<span> </span><a href="https://www.businessinsider.com/moneysupermarket-billionaire-simon-nixon-deliveroo-investment-2018-9">Deliveroo raised $482 million</a><span> </span>in venture funding, in a deal valuing the company at around $2 billion. According to the Bloomberg report, Deliveroo would not be interested in selling for any price that's not "considerably higher" than its current valuation.</p><p>The startup is also one of the chief international rivals to UberEats, the ride-hailing giant's own food-delivery service. Under CEO Dara Khosrowshahi, Uber has redoubled its efforts around food delivery ahead of a planned 2019 IPO.</p><p>On the subject of IPOs, Deliveroo's Shu said earlier this year that a debut on the public markets was not in the cards for his startup. However, rumors have persisted that Deliveroo has - or, perhaps, had - IPO ambitions. At the time of its 2017 fundraise,<span> </span><a href="https://www.businessinsider.com/deliveroo-martin-mignot-index-ventures-gross-margin-2017-9">Deliveroo was operating at gross margins of 0.7%</a>; a figure that some pundits thought was too small. According to The Telegraph, the company has now pushed its plans for an IPO from 2019 to 2020. </p><p> </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/apple-iphone-xs-max-xr-event-wrap-up-2018-9">Apple's entire iPhone XS event in 8 minutes</a></h3>        <div>                    </div>    </div>

Amazon held acquisition talks with food delivery firm Deliveroo - twice

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Ross Land/Getty Images</span></p><p class="caption">Tasty.</p></div><p></p></div></div>The Netherlands may be about to get another unicorn.</p><p>Dutch food delivery company Takeaway.com is gearing up to go public later this month, announcing its share price range and IPO prospectus on Monday.</p><p>It is giving a price range for its shares of between €20.5 to €26.5 - with a post-IPO market cap of between €904 million and €1.1 billion (which works out as $1.2 billion, or £940 million).</p><p>The listing is expected to take place on September 30, and if a success, will confer "unicorn" status on Takeaway.com - a term for tech startups and companies with a valuation of $1 billion-plus. (Sidenote: Qualification is generally measured in US dollars, even for European companies.)</p><p>The food delivery market is incredibly hot right now. Uber is expanding internationally with its UberEats service, while London company Deliveroo <a href="http://uk.businessinsider.com/meal-delivery-startup-deliveroo-raising-275-million-series-e-2016-8">raised a huge $275 million (£209 million) funding round from VC investors in August</a>.</p><p>Meanwhile, <a href="http://uk.businessinsider.com/takeaway-com-closes-down-uk-sells-assets-just-eat-food-delivery-service-2016-8">Just Eat and Takeaway.com have sold a number of local businesses to one another in various markets</a>, in an apparent attempt to avoid additional competition. And Delivery Hero, a German-based food delivery company, <a href="http://uk.businessinsider.com/delivery-hero-takes-out-8-digit-loan-2016-8">has recently taken out a big eight-digit loan</a>. (Just Eat and Deliveroo have also <a href="http://uk.businessinsider.com/food-delivery-startup-just-eat-rebrand-deliveroo-2016-9">both recently had rebrands to spruce up their image</a>.)</p><p>It looks like the shake-out in the industry is already beginning: <a href="http://uk.businessinsider.com/pronto-shuts-down-deliveroo-uber-2016-9">Two-year-old Pronto shut down earlier in September</a>, and in July <a href="http://uk.businessinsider.com/take-eat-easy-files-for-administration-food-delivery-2016-7">Belgian startup Take Eat Easy also closed its doors</a>.</p><p>We've known this IPO was on the cards for a while. Back in April 2016, <a href="http://www.bloomberg.com/news/articles/2016-04-14/takeaway-com-said-to-weigh-ipo-with-value-of-more-than-1-1b">Bloomberg reported the company is considering</a> an IPO with a valuation of €1 billion. Takeaway.com won't be the Netherlands' first unicorn, either - there's also payments company Ayden, <a href="http://uk.businessinsider.com/europe-unicorns-1-billion-dollars-last-year-2015-9/#6-home24--103-billion-6">that raised $250 million (£192 million) back in 2014</a> at a $1.5 billion (£1.2 billion) valuation.</p><p>In a statement, CEO Jitse Groen said: "We are pleased to announce the launch of our IPO today as this is an important next step forward for us in realizing our future growth potential and we have completed all preparations for becoming a listed company. The level of interest we have seen in the investment community so far is very encouraging. We are excited to meet prospective investors and share with them our thoughts on how to further expand our market leadership positions."</p><p>Takeaway.com claims to be the largest single food delivery company as measured by number of restaurants and orders, receiving 34 million orders from 6.8 million customers in 2015 - bringing in revenues of €77 million (£66 million).</p>     <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/apple-iphone-design-details-2016-9">7 incredibly tiny iPhone details only superfans know about</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="N4bmM3MzE6Hibcy_uubKaUG4zlRMWXbY" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Dutch food delivery company Takeaway.com is going public at a €1 billion valuation

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Sean Gallup/Getty Images</span></p></div><p></p></div></div></p><ul class="summary-list"><li><strong>Uber is reportedly in early talks to buy Deliveroo, a hot London-based food delivery startup.</strong></li><li><strong>Deliveroo is one of the biggest international rivals to Uber Eats, the ride-hailing giant's own food delivery app. </strong></li><li><strong>Deliveroo was most recently valued at $2 billion in a funding round last year.</strong></li></ul><p>Uber is in early talks to buy Deliveroo, a fast-growing food delivery-startup based in London, according to a <a href="https://www.bloomberg.com/news/articles/2018-09-20/uber-is-said-to-be-in-early-talks-to-buy-europe-s-deliveroo">new report from Bloomberg</a>. </p><p>Deliveroo is one of Europe's biggest startup success stories: Founded in 2013 by Americans <span>Will Shu and Greg Orlowski, Deliveroo enlists contract employees as couriers, who deliver food from local restaurants in some 200 cities all over the <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword>, the European Union, Asia, and Australia.</span></p><p><span>Last year, <a href="https://www.businessinsider.com/moneysupermarket-billionaire-simon-nixon-deliveroo-investment-2018-9">Deliveroo raised $482 million</a> in venture funding, in a deal valuing the company at around $2 billion. According to the Bloomberg report, Deliveroo would not be interested in selling for any price that's not "considerably higher" than its current valuation.</span></p><p><span>The startup is also one of the chief international rivals to Uber Eats, the ride-hailing giant's own food-delivery service. Under CEO Dara Khosrowshahi, Uber has redoubled its efforts around food delivery ahead of a planned 2019 IPO. </span></p><p><span>On the subject of IPOs, Deliveroo's Shu said earlier this year that a debut on the public markets was not in the cards for his startup. However, rumors have persisted that Deliveroo has - or, had - IPO ambitions. At the time of its 2017 fundraise, <a href="https://www.businessinsider.com/deliveroo-martin-mignot-index-ventures-gross-margin-2017-9">Deliveroo was operating at gross margins of 0.7%</a>; a figure that some pundits thought was too small.</span></p><p><span>We've reached out to Uber and Deliveroo for comment and will update if we hear back. </span></p><p><span>Read the <a href="https://www.bloomberg.com/news/articles/2018-09-20/uber-is-said-to-be-in-early-talks-to-buy-europe-s-deliveroo">full report from Bloomberg here</a>.</span></p><p> </p><p><span> </span><span></span></p><p> </p><p> </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/video-british-airways-13-million-flight-simulator-2018-8">British Airways has a $13 million flight simulator that taught us how to take off, fly, and land an airplane</a></h3>        <div>                    </div>    </div>

You Searched For "delivery ipo" and got 12 results

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This is global and strategic: What Amazon's mega investment in Deliveroo means for Uber and everyone else

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