Online food ordering

Maxim: Society Pass (Nasdaq: SOPA) Compelling Valuation; 4Q22 EBITDA Beats Forecast; Positive on Organic Growth & M&A

Retrieved on: 
Wednesday, April 5, 2023
Online, OnLive, Telecom, Human, Advertising, Blockchain, Partnership, TMG, EV, Travel, F&B, Contextual advertising, Online food ordering, Sopa, Metric, SEA, Gorilla, EBITDA, Acquisition, DCF, Loyalty, SE, SOPA, Growth, Digital, Ecosystem, Stripe, Social media, Online travel auction, Retail, Online shopping, Airline, Maxim

Click Here ( https://tinyurl.com/3cakppp on Maxim research website) or Here ( https://tinyurl.com/5fh5vnyr on Society Pass website) to view the full Maxim research report.

Key Points: 
  • Click Here ( https://tinyurl.com/3cakppp on Maxim research website) or Here ( https://tinyurl.com/5fh5vnyr on Society Pass website) to view the full Maxim research report.
  • - 4Q22 results highlight early stages of growth - SoPa's 4Q22 revenue of $2.6M increased significantly from $0.4M in the prior year quarter.
  • - Outlook - Maxim narrows its EBITDA loss estimate for 2023, primarily due to factoring in better expense control.
  • - Society Pass is in the early stages of building an SEA e-commerce company with six verticals:
    1) Lifestyle.

Maxim: Society Pass (Nasdaq: SOPA) – Compelling Valuation; 4Q22 EBITDA Beats Forecast; Positive on Organic Growth & M&A

Retrieved on: 
Wednesday, April 5, 2023
Online, OnLive, Telecom, Human, Advertising, Blockchain, Partnership, TMG, EV, Travel, F&B, Contextual advertising, Online food ordering, Sopa, Metric, SEA, Gorilla, EBITDA, Acquisition, DCF, Loyalty, SE, SOPA, Growth, Digital, Ecosystem, Stripe, Social media, Online travel auction, Retail, Pharmaceutical industry, Airline, Maxim

Click Here (on Maxim research website) or Here (on Society Pass website) to view the full Maxim research report.

Key Points: 
  • Click Here (on Maxim research website) or Here (on Society Pass website) to view the full Maxim research report.
  • • 4Q22 results highlight early stages of growth – SoPa’s 4Q22 revenue of $2.6M increased significantly from $0.4M in the prior year quarter.
  • • Outlook – Maxim narrows its EBITDA loss estimate for 2023, primarily due to factoring in better expense control.
  • • Society Pass is in the early stages of building an SEA e-commerce company with six verticals:
    1) Lifestyle.

Hyperlocal Services Market to Reach $5,851.7 Billion, Globally, by 2031 at 14.4% CAGR: Allied Market Research

Retrieved on: 
Monday, February 20, 2023
Gateway Logistics Services, Government, Chart, World Health Organization, COVID-19, Nature, Xi'an International Trade & Logistics Park, Workforce, Utility, Online food ordering, Table, WHO, Marketing, Internet, Growth, PDF, Video game, Online shopping

PORTLAND, Ore., Feb. 20, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Hyperlocal Services Market by Type (Food Ordering, Grocery Ordering, Home Utility Service, Logistic Service Providers, and Others), by Nature (Goods Delivery, and Utility Services): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global hyperlocal services industry generated $1,484.8 billion in 2021 and is anticipated to generate $5,851.7 billion by 2031, witnessing a CAGR of 14.4% from 2022 to 2031.

Key Points: 
  • PORTLAND, Ore., Feb. 20, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, " Hyperlocal Services Market by Type (Food Ordering, Grocery Ordering, Home Utility Service, Logistic Service Providers, and Others), by Nature (Goods Delivery, and Utility Services): Global Opportunity Analysis and Industry Forecast, 2021-2031".
  • However, digital illiteracy and limited digital infrastructure, and lack of trust in online purchasing restrict the market growth.
  • The outbreak of the Covid-19 pandemic had a negative impact on the global hyperlocal services market.
  • Innovations in providing home services and user-friendly experiences are expected to boost the growth of the home utility services market.

Hyperlocal Services Market to Reach $5,851.7 Billion, Globally, by 2031 at 14.4% CAGR: Allied Market Research

Retrieved on: 
Monday, February 20, 2023
Gateway Logistics Services, Government, Chart, World Health Organization, COVID-19, Nature, Xi'an International Trade & Logistics Park, Workforce, Utility, Online food ordering, Table, WHO, Marketing, Internet, Growth, PDF, Video game, Online shopping

PORTLAND, Ore., Feb. 20, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Hyperlocal Services Market by Type (Food Ordering, Grocery Ordering, Home Utility Service, Logistic Service Providers, and Others), by Nature (Goods Delivery, and Utility Services): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global hyperlocal services industry generated $1,484.8 billion in 2021 and is anticipated to generate $5,851.7 billion by 2031, witnessing a CAGR of 14.4% from 2022 to 2031.

Key Points: 
  • PORTLAND, Ore., Feb. 20, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, " Hyperlocal Services Market by Type (Food Ordering, Grocery Ordering, Home Utility Service, Logistic Service Providers, and Others), by Nature (Goods Delivery, and Utility Services): Global Opportunity Analysis and Industry Forecast, 2021-2031".
  • However, digital illiteracy and limited digital infrastructure, and lack of trust in online purchasing restrict the market growth.
  • The outbreak of the Covid-19 pandemic had a negative impact on the global hyperlocal services market.
  • Innovations in providing home services and user-friendly experiences are expected to boost the growth of the home utility services market.

US Online Grocery Markets Report 2021: Ultra-fast Start-ups Could be One of the Enduring Legacies of the COVID-19 Era - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 4, 2021
Retail, Supermarket, Food, Beverage, Online food ordering, Grubhub, Gopuff, Online grocer, Take-out, Websites, Companies, Retailers

Rather this report deals with the ultra-fast delivery startups, attracting record levels of investment, shoppers and interest.

Key Points: 
  • Rather this report deals with the ultra-fast delivery startups, attracting record levels of investment, shoppers and interest.
  • The pandemic has boosted a new dynamic in online grocery, reflected in the rise of GoPuff and its various clones.
  • Of course, the trailblazers for rushed deliveries were the restaurant and take away meal delivery companies (GrubHub, Just Eat etc).
  • US online grocery sizes 2017-2021, according to Nielsen
    Overview: delivery fees a route to profitability?

Kroger and Kitchen United Partner to Provide Customers On-Demand Meal Pick Up and Delivery from Popular Restaurants

Retrieved on: 
Wednesday, August 4, 2021
Online food ordering, Kroger, Ghost kitchen, Restaurant, Articles, Business, Retailers

CINCINNATI and PASADENA, Calif., Aug. 4, 2021 /PRNewswire/ -- The Kroger Co. (NYSE: KR), America's largest grocery retailer, and ghost kitchen industry leader Kitchen United announced a partnership to offer customers freshly prepared, on-demand restaurant food.

Key Points: 
  • The off-premise restaurant kitchen powered by Kitchen United at participating Kroger locations will feature up to six local, regional or national restaurant brands.
  • Restaurant staff will prepare the orders and delivery service fees will be determined by third-party providers.
  • "Kitchen United recognizes the significant value of Kroger as a strategic partner.
  • Kroger is the perfect partner as we grow our reach and variety of business verticals in addition to our well-known ghost kitchen facility model."

Chipotle Branding Veteran William Espey Joins Fast-Growing Virtual Restaurant Company Nextbite

Retrieved on: 
Tuesday, August 3, 2021
Restaurants, Fast casual restaurants, Food and drink, Companies, Online food ordering, Chipotle Mexican Grill, Cuisine of the Western United States, Norovirus, Chipotle, Virtual restaurant

DENVER, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Nextbite , a leader in virtual restaurants, today announced that William Espey, a 19-year industry veteran and former Brand Voice of Chipotle Mexican Grill, has joined the company as Director of Creative Services.

Key Points: 
  • DENVER, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Nextbite , a leader in virtual restaurants, today announced that William Espey, a 19-year industry veteran and former Brand Voice of Chipotle Mexican Grill, has joined the company as Director of Creative Services.
  • An award-winning branding expert, Espey was instrumental in the creation and evolution of Chipotles unique brand voice and customer experience.
  • Back in the day, Chipotle was a key player in the fast casual revolution and now I see the next era happening in the restaurant space with virtual brands like were developing at Nextbite, said Espey.
  • Nextbite is focused on helping restaurant partners successfully enter the virtual restaurant space by diversifying their portfolio, using under-utilized labor and kitchen capacity, and driving demand to increase margins and revenue.

Cloud Kitchen Market Size, Share & Trends Analysis Report 2021-2028: Independent Cloud Kitchen, Commissary/Shared, Kitchen Pods - ResearchAndMarkets.com

Retrieved on: 
Tuesday, August 3, 2021
Retail, Restaurant, Bar, Food, Beverage, Cloud infrastructure, Online food ordering, Kitchen, Rooms, Cloud computing, Ghost kitchen, Japanese kitchen, Food and drink, Articles, Personal life

The "Cloud Kitchen Market Size, Share & Trends Analysis Report by Type (Independent Cloud Kitchen, Commissary/Shared, Kitchen Pods), by Nature (Franchised, Standalone), by Region and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Cloud Kitchen Market Size, Share & Trends Analysis Report by Type (Independent Cloud Kitchen, Commissary/Shared, Kitchen Pods), by Nature (Franchised, Standalone), by Region and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
  • The global cloud kitchen market size is expected to reach USD 139.37 billion by 2028, registering a CAGR of 12.4% from 2021 to 2028.
  • Increased efforts toward convenience, comfort and quality of service have also helped the emergence of cloud kitchens.
  • In terms of type, the independent cloud kitchen segment held the largest market share in 2020, accounting for more than 60% of the overall market.

Movile Receives BRL $1 Billion Investment from Prosus

Retrieved on: 
Monday, August 2, 2021
Online food ordering, Movile, Video on demand services, Articles, Finance, Prosus, Money, Financial technology

SAO PAULO, August 2, 2021 PRNewswire-PRWeb/ -- Movile , one of Latin America's leading and longest standing investors and growth accelerators for technology companies, has received a new investment from Prosus totaling BRL $1 billion (USD $200 million), the largest primary investment in a single round since Movile's founding in 1998.

Key Points: 
  • SAO PAULO, August 2, 2021 PRNewswire-PRWeb/ -- Movile , one of Latin America's leading and longest standing investors and growth accelerators for technology companies, has received a new investment from Prosus totaling BRL $1 billion (USD $200 million), the largest primary investment in a single round since Movile's founding in 1998.
  • More recently, Movile invested another BRL$ 170 million in Zoop, one of Movile's fintech companies, as part of the new funding from Prosus.
  • Looking ahead, Hruby reveals that Movile will continue to search for companies that complement and add value to the existing Movile ecosystem.
  • Headquartered in So Paulo, Brazil, Movile is one of Latin America's largest investment groups and growth accelerators for technology companies.

Online Restaurant Supplies Extends ‘All You Need In One Place’ Promotion

Retrieved on: 
Thursday, July 29, 2021
Online food ordering

Dallas, Texas, July 29, 2021 (GLOBE NEWSWIRE) -- Following its launch in July, Online Restaurant Supplies is continuing to celebrate by extending its All You Need In One Place 10% Off promotion!

Key Points: 
  • Dallas, Texas, July 29, 2021 (GLOBE NEWSWIRE) -- Following its launch in July, Online Restaurant Supplies is continuing to celebrate by extending its All You Need In One Place 10% Off promotion!
  • The launch of Online Restaurant Supplies was a huge hit, said President of Stanford Sonoma Trinity Hall.
  • Online Restaurant Supplies simplifies the online shopping and ordering process by providing extensive custom equipment for any commercial kitchen and restaurant need.
  • Online Restaurant Supplies by Stanford Sonoma is an approved SEFA dealer offering a wide range of commercial kitchen and restaurant supplies.