Re:Third-party food delivery remains an uncertain business
by samizdis on Monday March 08, 2021 @06:02PM
(#26392842)
And here's the latest one, Deliveroo set to float with an expected $10bn valuation: Deliveroo: taste test [1], (non-paywalled version) [2]
From the article: That Deliveroo could not turn a profit in a year when sales were up more than half is concerning. It is operating in a ferociously competitive market. Deliveroo is proud of its gross profit margin — as a percentage of gross transaction value it is up from 5.8 per cent in 2018 to 8.8 per cent in 2020 — but it is slim by the standards of other industries.
From the article: That Deliveroo could not turn a profit in a year when sales were up more than half is concerning. It is operating in a ferociously competitive market. Deliveroo is proud of its gross profit margin — as a percentage of gross transaction value it is up from 5.8 per cent in 2018 to 8.8 per cent in 2020 — but it is slim by the standards of other industries.
[1] https://www.ft.com/content/17dc510c-b396-4dc5-84a8-243a5bfa7...
[2] https://archive.is/i1Mor