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End of lockdowns is eating food delivery apps lunches
Home and office food delivery apps that were gaining ground following disruption of normal routines by the Covid-19 are now facing uncertain times as lockdowns ease. FILE PHOTO | NMG
Glovo, Jumia Food, Yum Delivery, Take Eat Easy and UberEats have something in common; they are obviously food delivery apps with a local presence.
But possibly, they could also be sharing one more trait; the colour red. In other words, they are “bleeding” money. Just taking the two top food delivery apps with the biggest pull in revenues, Uber Eats and DoorDash, while posting staggering revenue numbers for the past two years, they’ve hardly minted money on the profit side.
