U.S. President Donald Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid an uncertain public mood — all of which will inevitably impact the technology sector. On Tuesday, however, food e-commerce startup GrubMarket seemed impervious to these macroeconomic concerns: it announced a new equity round of $50 million at a post-money
Google, Speedinvest back Kenya’s Leta; AI to make logistics cheaper. African businesses pay up to four times the global average to transport goods, driving up prices for essentials like food and medicine. Logistics make up 75% of product costs on the continent, according to the African Development Bank (AfDB). Many of these businesses also rely
Uber Technologies has ended its acquisition of Delivery Hero’s Foodpanda in Taiwan, the Germany-based tech firm said on Tuesday. The announcement comes roughly three months after Taiwan’s antitrust regulator blocked the deal, citing competitive issues. The Fair Trade Commission (FTC) said that if Uber acquired Foodpanda, its market share in Taiwan would increase to 90%,
La Fourche is just seven years old but it has been quite a rollercoaster for the French startup. During this time, the online grocery retailer has gone through a global pandemic, followed by the rise of venture-backed quick-commerce startups that promised grocery deliveries in less than 15 minutes, followed by the implosion of that vertical.
