\Deeptech Analysis/ What’s next for on-demand food delivery? Restaurants are fighting back, dark kitchens are heating up and some delivery operators are even giving grocery a go. Read our definitive report on Europe's on-demand food sector. By Amy Lewin 9 January 2020 \Deeptech Food delivery startup Wolt raises $530m — despite still having more than $100m in the bank By Amy Lewin 25 January 2021 \Deeptech Analysis/ What’s next for on-demand food delivery? Restaurants are fighting back, dark kitchens are heating up and some delivery operators are even giving grocery a go. Read our definitive report on Europe's on-demand food sector. By Amy Lewin 9 January 2020 Europe is home to some food delivery giants: Just Eat, Takeaway.com, Delivery Hero, Deliveroo, Glovo and Wolt have all slipped into the everyday lives of millions of customers across the continent — and are bringing in sizeable revenues as a result. But it’s easy to forget that many of these companies have been around for less than a decade — London-based Deliveroo is just six years old, Barcelona-based Glovo just four and US giant Uber Eats only arrived in Europe in 2016 — and the sector is still young. There’s still a whole lot of room for growth, plenty of space for new contenders and many a hurdle in the way of their ultimate goal: to conquer Europe’s stomachs. Advertisement Sifted has dived deep into the sector to look at what’s coming next, identified a whole host of startups to look out for and three big themes in the sector: dark kitchens are heating up, restaurants are fighting back and the next battleground for delivery is groceries. What’s at stake? Revenue for online food delivery in Europe is experiencing double-digit growth rates and could reach $25bn by 2023, according to Deloitte. Meanwhile, venture capitalists continue to have a healthy appetite for the sector: over €1.6bn was invested in European food logistics and delivery businesses in 2019, according to Dealroom data. Just three on-demand food delivery platforms account for the majority of that funding in 2019: Deliveroo (€523m), Glovo (€319m) and Helsinki-based Wolt (€118m). But they are not going to be on top forever. There are several other “hot” sectors emerging at earlier stages — delivery-only food brands such as Berlin-based Keatz (€12m) and London-based Taster (€7m) — and online grocery players, including Stockholm-based Mathem (€38m), Moscow-based Instamart.ru (€6.9m) and Amsterdam-based Crisp (€5m). But who is going to come out on top? How are they going to contend with the huge might of US food delivery player Uber Eats and the potential merger of two food delivery veterans: Takeaway.com and Just Eat? Download our definitive guide to where Europe’s on-demand delivery sector to find out. Advertisement Help Sifted get bigger and better (and get a sneak peak at our future plans). Please take our reader survey. Take the survey Terms of Use Related Articles The fintech offering free API that could help millions access credit Sponsored Microsoft Click here to read more Why founders need founders Sponsored Google For Startups Click here to read more How to have a second career as an innovation consultant By Oliver Graham-Yooll Click here to read more Why plant-meat maker Moving Mountains is stocking up the supermarket shelves By Sarah Drumm Click here to read more Get the best of Sifted in your inbox By entering your email you agree to Sifted’s Terms of Use Sign up to \Future Proof Sifted’s weekly \Corporate Innovation roundup email By entering your email you agree to Sifted’s Terms of Use Most Read 1 \Deeptech Food delivery startup Wolt raises $530m — despite still having more than $100m in the bank 2 \Fintech The fintechs taking on Klarna in Europe 3 \Fintech 21 fintechs to watch in 2021, according to top founders 4 \Deeptech The European startups hacking the ageing process 5 \Deeptech Ultra-secure messaging service Element sees fivefold increase in signups after Whatsapp privacy debacle 1 Join the conversation Subscribe newest oldest most voted Notify of new follow-up comments new replies to my comments SpotnEatsHi There, Nice blog! Thanks for sharing with us, The rapid success of food delivery apps like UberEats and Swiggy influences the more no of entrepreneurs to have ventured to this on-demand food delivery platform. After the launch of Since the competition in the online food delivery market is increasing day by day, So If you like to rule in this on-demand food delivery business industry, you have to follow some unique strategies and be sure with your quality of service. apart from all, you have to improve your food delivery application with respect to the consumer demand s and… Read more »
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