Deliveroo's Prospective IPO

Deliveroo's Prospective IPO

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brickwall

5,192 posts

209 months

Tuesday 18th May 2021
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hyphen said:
Interestingly I was on YouTube last night, and got an advert for a new entrant in the instant grocery/takeaway delivery market. A Turkish startup called Getir, which is well funded, has chosen London as its first international expansion city.

Had a look at their site, £10 min order, normally £1.99 delivery fee but currently waived.

https://getir.com
https://en.m.wikipedia.org/wiki/Getir

Valued at $800m in Feb 2020
https://www.bloomberg.com/news/articles/2020-02-04...
Indeed. And Uber Eats are offering me 50% off (up to £15). Don’t think I’m likely to pay an extra 5% to Deliveroo when I can get those kinds of deals elsewhere.

speedy_thrills

7,760 posts

242 months

Thursday 10th June 2021
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There are a couple more incentives I've not looked into yet:
Zapp: £10 off your "first" order.
Jiffy: £10 off your "first" order.
Getir expanded to my area so I've just been using their introductory offer for the last few weeks (basically they charge you £5 for £20 of groceries.)

jjr1 said:
speedy_thrills said:
...
I notice Mars Corp. (the people who make Mars bars, Twix, Maltesers etc.) have a flaw in their current promotion that allows participants unlimited coupons for free confectionery. Might be a fun little project to show your children. smile

This could actually be a whole thread in itself.
I think you should set one up. Sounds fun and especially good for our kids to have a little fun.
Sure, the Mars one is easy. Entry here:
https://win2getherpromo.com/en/

Your kids can use the same bar code repeatedly to enter [Tip: Just use back button once you've won/lost and that way all of your details are entered], the unique identifying feature they are using is e-mail so just increment the e-mail address so it's unique for each entry:
https://gizmodo.com/how-to-use-the-infinite-number...

Bar code: 0987

Waitrose allow you to redeem the vouchers (though they have to manually punch in the code sometimes). It's a "winning moments" competition so you just have to keep entering to win. You actually get two vouchers when you win, you just need to e-mail the second back to yourself.

I did it to try to win the £10 but that seems to be a fraud as I've won enough vouchers to feed Africa but never the money.

Venisonpie

3,231 posts

81 months

Friday 2nd July 2021
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The share price has climbed quite a bit in the last few days, what's occurring?

DonkeyApple

54,928 posts

168 months

Friday 2nd July 2021
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The good workers won their argument that they were self employed against the losers who wanted a free ride.

Venisonpie

3,231 posts

81 months

Friday 2nd July 2021
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So they did, missed that.

brickwall

5,192 posts

209 months

Friday 2nd July 2021
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They’re hiring like crazy too.

DonkeyApple

54,928 posts

168 months

Saturday 3rd July 2021
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Venisonpie said:
So they did, missed that.
I think it's a good result as well. It's essential to maintain proper 'gig' jobs that hard workers can make use of to fill in around other work, studies or commitments. But rulings such as those on Uber show that there is a limit to how much employers can take the Micky and force full time employment roles into the gig economy for their own personal gain. Gig jobs are really important but employers need this governance to limit exploitation. For a business like Deliveroo the loss would have been a real blow to the workers who would have lost control and the vital flexibility such work offers.

I feel like a pretty good line has been drawn as to what is a career and warrants employee protections not exploitation and work that is genuinely 'in filling' and demands the flexibility and control of a true gig job.

KTF

9,788 posts

149 months

Tuesday 17th August 2021
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Bump because anyone who bought in at the IPO price might actually be back in the black soon! Actually went over the IPO price (briefly) today.

Condi

17,089 posts

170 months

Wednesday 18th August 2021
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KTF said:
Bump because anyone who bought in at the IPO price might actually be back in the black soon! Actually went over the IPO price (briefly) today.
Once you account for the inflation between then and now, there is probably still a way to go. hehe

hyphen

26,262 posts

89 months

Wednesday 18th August 2021
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A large German competitor bought a stake a few weeks ago


https://www.bbc.com/news/business-58145640

KTF

9,788 posts

149 months

Wednesday 18th August 2021
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Condi said:
KTF said:
Bump because anyone who bought in at the IPO price might actually be back in the black soon! Actually went over the IPO price (briefly) today.
Once you account for the inflation between then and now, there is probably still a way to go. hehe
Using the RPI calculator here:

https://www.hl.co.uk/tools/calculators/inflation-c...

If you put in £1k on the floatation date at the end of March, £1029 is now the break even point.

DonkeyApple

54,928 posts

168 months

Tuesday 12th April 2022
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I just saw a Reuters this morning on how ROO was still pissing money away subsidising lardarses and recalled this thread.

Ironically, the last post also pretty much was the last time the share price had an up day. I was quite surprised to see it's soon to be stocked in Poundland having peaked at about £4.

If there is a cost of living squeeze then surely this company is in the direct firing line for haemorrhaging it's arse end, majority consumer base?

Mojooo

12,668 posts

179 months

Tuesday 12th April 2022
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I've been helping a someone out with a takeaway doing deliveries and I have also looked into driving for Deliveroo/Uber and Just Eat.

I am sure they must be subsidising some of the delivery fees at the moment because the economics just don't make sense for some of the orders. Their long term game must be to get a market share and increase prices/lower driver wages but it seems the market is getting more competitive with Uber and JE.

It will be interesting to see if they can sustain this for another x number of years and whether one of these big companies will burn out.

We did a a calculation and worked out for a standard meal at this take away you pay £6 to Uber Eats over what you would pay if you ordered direct to the restaurant. JE and Deliveroo were something like £4 or £5 extra. With Uber the take away uses their drivers but not for JE/Deliveroo.

On a £62 order, someone 'overpaid' something like £12 than if they had just ordered from the take away direct.

The big gamble for Deliveroo and JE is to say to take away's - if you want to use our platform you have to use our drivers - that will alienate a lot of traditional take aways but I know Deliveroo have diversified into other sellers like so they may be bale to cope with it.

DonkeyApple

54,928 posts

168 months

Wednesday 13th April 2022
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When they were floating we were trying to work out if they were burning cash buying in to new geographies or whether they were burning cash subsidising loss making deliveries of cheap meals.

My suspicion was that it was the latter which concerned me as your customer having a Macdonolds delivered to them for a few quid isn't statistically likely to ever evolve into a viable customer suddenly with a much larger pay packet and ordering viable deliveries regularly.

I think the big problem in this sector is that none of them are burning cash to buy viable customers but rather to take unviable ones off each other which makes no sense in the real world but many such businesses are hooked on a race to the bottom due to things like a focus on user numbers rather than financials.

They probably all have the same toxic issue as well that they have to take on loss making orders to ensure their riders have enough business to stick with them.

Given how Western wallets are being attacked at the moment if it is genuinely the case that the rise in utilities etc is going to impact the cost of living then is a bucket of fat being delivered to your front door an essential service, a necessity like heating and rent or is it going to snap back to being a luxury item that is simply cut?

You'd think a business like this would be at the front line of a cost of living crisis but frankly, society seems to be so off kilter as to what is actually important and what isn't one can't be too sure that it's not one of those things seen as a basic human right.

anonymous-user

53 months

Wednesday 13th April 2022
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Every time I walk past our local McDonalds there are always a dozen delivery driver scooters waiting outside to collect deliveries. What I find amazing is there are actually enough people ordering this rubbish who don't care that it will be lukewarm and soggy by the time it turns up to warrant this amount of delivery drivers.

I must be utterly out of touch with how a large percentage of people live, but I guess this is all part of the laziness of society, the fact they would rather order this rubbish than make something decent at home.

okgo

37,860 posts

197 months

Wednesday 13th April 2022
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It actually arrives in perfect shape most of the time. Even when I lived in the sticks up the road from you it would be at my door in 15 minutes, having been in a sealed hot bag thing and would be almost identical to how it was had you been there in person.

I have also started using getir/gorillas quite a bit after initially wondering why anyone would. Ran out of wine, forgot to get milk for the morning, also needed some purpak, 14 minutes later I'm back in wine, and have the essentials for the next morning. This was at about 9.45pm, its incredible really.

Obviously as DA say if you're going to feel this pinch then you'd probably need to cut down on such things, but hard to see these things going away, but they need to be able to make money, I'd have thought advertising on the platform was the obvious route. I even ordered some mothers day flowers/champagne on there at 10pm on the saturday before the big day, again, 15 mins later here it was. I'm in Clapham sort of area and I think both of those companies have their darkstores in the arches in Battersea somewhere so its very quick.


emicen

8,558 posts

217 months

Wednesday 13th April 2022
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Joey Deacon said:
Every time I walk past our local McDonalds there are always a dozen delivery driver scooters waiting outside to collect deliveries. What I find amazing is there are actually enough people ordering this rubbish who don't care that it will be lukewarm and soggy by the time it turns up to warrant this amount of delivery drivers.

I must be utterly out of touch with how a large percentage of people live, but I guess this is all part of the laziness of society, the fact they would rather order this rubbish than make something decent at home.
They have recently opened a pseudo-services near our house. There’s a KFC & McDonalds, both are similar to what you describe, constant throughput of the various delivery drivers. In the case of McDonalds, it actually appears to have been built (only completed middle of last year) specifically to cater for this with a separate counter dealing just with delivery drivers.

What I find fascinating; we’re not exactly in the sticks, but not a large urban centre, so they all use cars, no mopeds or bicycles here. That immediately increases their costs to perform the service and unlike normal takeaways who can/will take 2-3 houses at a time, these folk can only do 1.

Mojooo

12,668 posts

179 months

Wednesday 13th April 2022
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McDonalds have now started their own in house delivery service I believe