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Will food delivery services ever deliver profits?

Last week, food delivery app Deliveroo stopped taking orders in Australia. Its British parent company said it wasn’t generating enough money, leaving Deliveroo Australia without any backing to continue operating. But Deliveroo isn’t the only food delivery company to fail or downsize recently. Voly and Send also went bust this year. GoPuff, Gorillas and Getir are all cutting staff in search of profits. 


Today Sascha and Darcy talk about why food delivery companies are collapsing, and ask themselves... What are they going to do when they are hungover on Sunday morning?


A big thank you from the team for our Australian Podcast Award - we couldn't do it without your support as a listener!

 

Tell us what you think of The Dive - email us at thedive@equitymates.com. Follow our Instagram here, or find out more here.  Stay engaged with the Equity Mates community by joining our forum

 

Looking for a gift for a loved one this christmas? Order ‘Get Started Investing’, written by Equity Mates Alec and Bryce. Available on Booktopia and Amazon now!

 

In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

*****

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. 


Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. 


Equity Mates Media operates under Australian Financial Services Licence 540697.

 

The Dive is part of the Acast Creator Network.

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All I want for Christmas: What is the value of Mariah's holiday hit?

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