Great update, Kevin. Fascinating space. Esp as food and other costs rise in general, how are these companies' margins doing? Dynamic pricing likely helps; I've noticed high variability in prices in Toronto's market. Upstarts like Tiggy and Ninja are breaking in by having well defined inventory and areas served. GoodFood (TSE:$FOOD), a successful meal prep and delivery service, has moved into this space by partnering with (I think) Uber. Consumers in large cities have (at least the appearance of) a lot of choice. That choice includes walking a very short distance for the same items, with non-inflated prices (presumably). I saw a Tiggy ad today that promised food without moving or contact with other people, a rather odd value prop ;). Keep 'em coming, Kev!
"Getir could be profitable today if it wasn’t focused on growth, financial disclosures are scant" - Reminds me of WeWork, lol.
I saw Getir all over the place in London.
Great update, Kevin. Fascinating space. Esp as food and other costs rise in general, how are these companies' margins doing? Dynamic pricing likely helps; I've noticed high variability in prices in Toronto's market. Upstarts like Tiggy and Ninja are breaking in by having well defined inventory and areas served. GoodFood (TSE:$FOOD), a successful meal prep and delivery service, has moved into this space by partnering with (I think) Uber. Consumers in large cities have (at least the appearance of) a lot of choice. That choice includes walking a very short distance for the same items, with non-inflated prices (presumably). I saw a Tiggy ad today that promised food without moving or contact with other people, a rather odd value prop ;). Keep 'em coming, Kev!
Thanks, Nick. Appreciate it.