food delivery – Oyelabs – Driving Business Value

Create Takeaway App For Restaurants | Detailed 9-Step Guide

Anurag Jain — Sat, 08 Jan 2022 10:22:35 +0000

Introduction The importance of restaurant food ordering applications is expanding every year as the prevalence of smartphones in the world rises by the minute, customers have developed an acute preference for their mobile devices – use them for almost anything, including ordering their food! So, let’s see how you can create takeaway app for restaurants with full efficiency. As per Statista, by 2022, nearly 7.26 billion people worldwide will be using smartphones – that should give you enough insight into the importance of mobile apps. Businesses, especially restaurants, are hopping onto the smartphone app bandwagon to leverage the ever-increasing number of users. There are different types of food delivery apps like restaurant-specific or aggregator and all of these apps help restaurants achieve a ground-breaking increase in the total order numbers and improved productivity, whether it’s an on-demand ordering app, discount app, or table booking app. For example, Starbucks derives more than 24 percent of all sales from its smartphone app and a large portion of its revenue. Here is a quick overview of the article: App vs Website For Your Restaurant Why does a Restaurant Need an App? Benefits of an App for a Restaurant Takeaway App Development Steps Cost of Creating a Takeaway App Customers really enjoy using smartphone restaurant devices to connect with their favorite restaurants due to the user-friendliness and comfort they bring. Many eateries are genuinely looking for efficient software for online ordering. Even though mobile websites are also an alternative, the rise of restaurant apps makes them much more crucial. If you’re a restaurant owner or manager, a restaurant mobile app rich in features offers benefits that could help you satisfy your customer base like never before. And you can successfully expand your business with the same as well. If you want to learn more about how the internet ordering industry has revolutionized the restaurant ordering system, you can read about it here! What should you choose – an app or a website?According to a survey, 70 percent of customers choose to order from a restaurant’s own smartphone app rather than from a third-party app. So. which one of them is more successful at moving traffic to a restaurant – the website or the app? Applications have become a one-stop restaurant system to appeal to all consumer needs. A website is just one element of your overarching online footprint, but an app is not just an asset-it’s an active promotional tool that can give the opportunity to engage with more personalization with your prospects. So creating a food delivery app for your restaurant is the better option. Reasons why businesses should choose to get an app developed over a website: They have a much better user interface Compared to Websites, mobile applications are more intuitive – allowing customers to choose their favorite items from a special menu and place an order in just a few steps. It not only saves time but also provides deals, applies coupon codes, and provides restaurants with special instructions. Apps are comparatively much more straightforward and cover a lot more ground than the order format on a website. Therefore, an app prevents uncertainty about addresses and payments – and restaurants can simplify the whole purchasing process through the integrated payment choices of their app. They are much more functional as compared to a website You should choose a mobile website when looking for a comprehensive resource to promote the visibility of your restaurant online. Nevertheless, if you want to build an effective ordering system that gives your customers a seamless experience, work on your restaurant’s mobile application. All of them are important, but an app can do far more to get orders. In addition, you can add various additional features to your app if necessary to enhance performance. For example, your app can be mapped and positioned to show prospects who are within 50 meters of your restaurant walking around your app. It can also give push alerts to app users for lunch and dinner to inform them of your deals and food items. You cannot have these functionalities with the Website — when your users are hungry and want a place to eat or order, you should remove the decision-making process for your users and an application allows you to do just that. They are economical To those restaurant operators who want branded apps without breaking the bank, building a mobile application is the perfect solution for them because getting your application developed is much cheaper than a full-fledged website with food ordering functionalities. And you get many payment options as well such as subscription-based payment. In this way, you can extend the online ordering network, experience higher profits, and reduce maintenance costs because the company divides and pays the entire product development expense monthly. They have better marketing potential Updating a website with new deals is somewhat tedious and still, your prospects are not guaranteed to hit your platform in time to take advantage of such deals. But it is easier to get notifications from the restaurant’s mobile app – you don’t have to wait for them to reach you and immediately send offers through push notifications to their mobile devices to pay attention. Although online marketing is straightforward for blogs, it has to be used in advertisements, banners, etc. Mobile applications create endless opportunities to distribute your marketing content and increase prospects. Does a restaurant need an application after all? Via restaurant applications your customers are able to order food from your restaurants at all times, without interacting with anyone or anything else. Apps are simple, quick, and reliable and hence consumers are happy to use them. Acquisition and distribution are two of the hospitality industry’s fastest-growing segments – with revenues forecast to hit over 200 billion dollars by 2025. And with the growing success of the food takeaway and delivery applications or the takeaway app for restaurants, consumers are happy with the concept and try new items. Individuals who have only ordered old standbys such […]

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Foodora Business Model – How it Works and Earns Money in 2025

Aakash Mangi — Wed, 05 Jan 2022 13:13:08 +0000

When you come home from work, or from college, or anywhere else — how many times do you see people delivering food in your neighborhood? You can’t really count, right? We’re pretty sure this is a really common scenario for us to witness nowadays. Well, those uniform-clad heroes are on a mission — the mission to make this world a better place spread happiness, and make you smile by delivering your favorite food items to you, anytime, anywhere, anyday. By definition, food delivery services have completely transformed the way people order and consume food today. You see, it is because of these people — the long lines or waiting times are no longer an issue for food lovers. It is because of these food delivery applications that everything is possible within minutes of ordering food online & your food gets delivered to you right at your doorstep. According to a report by businessofapps, the food delivery industry market share is expected to grow to $320 billion by 2029! If you are a food delivery startup, catering service, one or a chain of restaurants, you should create a food delivery app or have your businesses listed under some aggregator — to take your business to the next level. How can you get a food app developed without talking about Foodora business model, one of the most popular food delivery applications in Germany, Sweden, Norway & Finland? What Is Foodora? Foodora is Norway’s most successful and popular food delivery service and Ecommerce website, currently operating in Finland, Sweden, and Norway. Originally based in Berlin, Germany, Foodora is a third-generation digital company driving the transformation, ensuring that everything you order gets home in less than an hour. Foodora was founded in Munich in February 2014 under the name Volo GmbH. The company moved to Berlin when Rocket Internet acquired the entire company in April 2015. And then later in June 2015, Foodora acquired catering services from Hurrier (Canada), Suppertime (Australia), and Heimschmecker (Austria) operating under the name Foodora. Foodora has merged with Urban Taste, a leading-edge food delivery brand from Delivery Heroes, again under the name Foodora itself. And then in 2018, the German distribution units, including Foodora Germany, were acquired by the Dutch company known as Takeaway. Delivery Hero, on the other hand, is also operating in other markets with a new name — Foodora. Since May 2020, Foodora has been fully functional in Germany, Sweden, Norway & Finland. How Does Foodora Work? Foodora truly revolutionized Germany’s food delivery industry by acting as an intermediary for the delivery of famous cuisines. Since launching in 2014, they have expanded its geographic location to 50 cities in 10 countries — and for which they had to take a unique approach in order to outperform the existing competition in those countries. Therefore, their approach to marketing is somewhat candid — covering the city with print ads, loops, balloons, and even old-school graffiti. The process starts when the customer logs into the app or website, chooses their favorite restaurant, chooses from a curated menu, and pays online to complete their order. The food ordering application has been expertly crafted with a responsive design full of colorful images of dishes and menu lists. Then as soon as the customer completes the order, a notification is sent to the restaurant, and preparation of the dish begins. The restaurant also receives the estimated arrival time of the delivery agent to prepare the food for delivery. Cooked meals are handed over to eco-friendly suppliers, such as bike-only delivery. Because the delivery area is small in most cases, the food reaches the customer in less than 30 minutes. And that is the reason why Gourmets choose Foodora — for an unforgettable one-click culinary tasting experience. Food delivery mobile apps like Foodora provide full transparency and accountability in the supply chain to both users and restaurants. Users can track the estimated arrival time of their order after the delivery service picks it up from the kitchen. The right combination of the three renditions: Users, Restaurants, and Organizations will generate more revenue and meet the needs of your users. Foodora Business Model The Order & Delivery Model New and emerging restaurant marketplaces that have evolved over the past two years focus on steps 1 and 3 of the process. They bring orders to the eateries and manage the deliveries for them through their own delivery fleet such as Foodora, Deliveroo & Doordash Order Allocation: The order is placed in the interface of the app or website where the restaurant menu is showcased for the users. Even though it happens occasionally, the restaurants raise the menu prices to pay a commission to the delivery company. Additionally, customers are charged a flat rate for each order they place. Once your order is placed, it will be sent to the courier company closest to the recipient. Delivery: When the delivery man is on duty, he logs into the delivery man’s phone app and tracks their location. After receiving the order, the courier decides whether the work can be done. Those who claim the job first will get it. And the job gets sent to more couriers if no one takes on the work. Limitations: These are software and logistics companies that have to perform a very high volume of operational tasks (courier hire and training, equipment maintenance, shift planning, etc.). As a result, these on-demand sites are not as easy to scale as pure software platforms. To explore other food delivery business models check out our article Top Business Models For On-Demand Food Applications How Companies Like Foodora Make Money Commissions On Orders: Food Delivery Marketplace App Platform Owners may charge a fixed fee as a fixed amount or percentage of all orders placed on the Platform. You can allocate or negotiate different commissions with other restaurants to provide the platform for free, but earn a profit from your food delivery service by taking a commission on each order to deduct the platform cost. Showcasing […]

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How To Easily Build An App Like ChowBus

Anurag Jain — Tue, 04 Jan 2022 06:00:03 +0000

Did you know that 51 percent of US customers buy food from casual dining restaurants using delivery services? Why do you think that is happening? Convenience & pace of course. It’s a busy world where convenience and pace are the two of the most prestigious elements of our modern life. Every service business must have versatility, ease of use and the ability Build An App Like ChowBus and to deliver the customer choices and be aware of the needs of app users. The best on-demand food delivery applications, such as UberEats, Deliveroo, Postmates, etc., have been popular and have worked hard just to ensure that they provide the best experience for their application users. Taco Bell estimates that its mobile application and website receive orders 20 percent higher than those it receives in-store, according to retail dive. This is an opportunity and promises that modern business people find lucrative, developers find difficult and that customers profit. The younger generation, the millennials are changing the idea of going out and eating to eating in, where they could enjoy the food they love without having to step out for it instead. They want and expect their favourite restaurants to provide on the screen and food supply apps are in great demand in such a scenario. Were you aware that 57% of millennials prefer food to be delivered to their homes just so that they can watch their favourite shows in their houses? Today, online food ordering applications account for almost every 2nd order placed across the nation. And this only becomes possible with numerous innovative ideas & apps. One such unique app idea which has been operating in the US is ChowBus. Let’s talk about it a little. What Is ChowBus? Amidst all the on-demand delivery apps out there, is ChowBus which has entirely changed the game. Founded by Suyu Zhang and Linxin Wen in 2015, Chowbus is an online and mobile platform to order food, curate regular food from some ethnic dishes, delivering it to your home or office directly hot and fresh. It is the shell-centered ordering experience that makes Chowbus different, making it easy for consumers to sample authentic ethnic food. Chowbus enables local restaurants to grow their businesses with technology, tools and marketing. Chowbus’s goal is to reconnect Chinatown with its supporters, with over 3,000 restaurants in over 25 major cities around the globe. How Can You Get An App Built Like ChowBus? The process of building an app like ChowBus could be broken down into 7 simple steps. They are: 1. Validation Of Idea The world food supply industry is about 108 billion dollars, which is 1% of the total food market and 4% of food consumed by restaurants and their markets. The experts on the market also predict that the market will hit $300 billion by 2030. In the next five years, food delivery apps will see a further rise of about 16% in combination with changes to mobile technology and a growing number of apps on the market. Before you create a food delivery app, review these reasons for the growing popularity & see whether your app would be a decent match for the same reasons in the longer run. 2. Finalizing A Food Delivery Model Broadly categorizing, there are two major models of food delivery apps that exist in the market. They are: Aggregator Model For more than a decade, the aggregator model or food delivery applications from a third party have been on the market. Between you and your favourite restaurant, the aggregators act as the perfect middlemen. This model helps consumers to browse a range of restaurants and menus. First, the user creates an account, selects the list of restaurants and their feedback from other users. After deciding, they put an order and the information for the distribution is processed. Connecting the two parties is the key feature of this third-party app. This model uses apps like Zomato. Delivery Model This is a very new form of delivery service which only appeared in 2013. This is a platform similar to the model aggregator with only one functionality — The fulfillment of the order is done by the app itself. This is very profitable for startups because they do not have to operate a separate distribution system for orders, unlike the aggregator model. And this greatly lowers expenditures. As for the existing restaurant, this only leads to profitability, as they can now minimize workplace expenditure and focus more on the principal production portion. You can also check out the different types of food delivery apps and how they work to take reference on how you should go ahead with your food delivery app. 3. Requirements To Run The Aggregator Model To run an aggregator business like ChowBus, you would be needing three major apps; They are: Customer App Certainly, the customer app is the key. This is the app that is installed on the customer’s device and is used to order food or groceries from their listed restaurants. As this app is the most critical app, you must make sure it is finished perfectly. Bug-free and smooth UI/UX must be secure. The app must-have functionalities that enhance the user’s ordering experience. Admin App Clearly, the admin app can be used by the approved staff of the food service or of the restaurant. This is the app for receiving customer orders, submitting orders, processing payments, monitoring orders, and keeping the logic of the entire process up to date. You should develop it as a web-based program, not a smartphone application. Since it is the brain of the whole procedure, the production and maintenance of this app must be given considerable attention. Delivery Agent App This app is for the people who deliver the product. You will know with this app if there are new orders, even approve and deny the order. They will even find out where the order is dropped and how to get there. In short, this app will help them […]

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Your Guide To Build App Like Deliveroo

Anurag Jain — Mon, 03 Jan 2022 06:20:17 +0000

Chinese takeout was a concept long before online delivery came into the picture. Bachelors with long work hours, a busy schedule, and no knowledge of how to cook, depending on food delivery from restaurants. In earlier days, people would personally go to the restaurants and order takeout for themselves, the only thing that has changed is that now they don’t have to go anywhere. Online food delivery has made it possible for you to treat your stomach with anything you want without having the knowledge of how to make it. Because of this ease, a concept that was just famous among bachelors is now widely used by people all over the world. Why Food delivery? Online food delivery has become so popular over the last few decades because it combines two things that people cherish the most; comfort and food. If you gave people an option to just chill all day and their work will be completed automatically; I am sure they won’t hesitate to take this option. Human beings will do anything to get out of doing something and online delivery is just another way of saying that you can just chill at home and someone else will handle your work for you. Since the inception of online delivery, there have been multiple companies that have come up and ruled over the world, one such company is Deliveroo. Deliveroo has been a popular food delivery company for 7 years, it started in London and now has operations in 84 plus cities. The app takes food orders from customers, showcases a variety of cuisines and restaurants, and then delivers food from these restaurants to the customers. Apps like Deliveroo create a framework of restaurants, customers, and delivery guys and makes it possible for everyone to get their needs fulfilled. Facts Regarding The Food Delivery Industry We live in times where no one has the energy to cook three meals a day. Most of us have to work 10 times harder due to increasing competition. This leaves us with no time for ourselves. Although cooking might be great for relaxation, we don’t have time to devote to cooking. This is why people gravitate towards online food aggregators. For this very reason, the online food delivery market has been constantly growing for the last few years. It has doubled since 2015 and will continue to grow at a rate of 28% till 2023 as per Statista. The market is most successful in the US, China, and India as these countries have the maximum number of app downloads. It was also found that on average 26% of the users order online food at least once a week. Apart from this, 34% of users also spend at least USD 50 per order. This tells us a lot about the frequency of orders and how popular these orders are all over the world. If you are interested in the world of online food delivery and like where it is headed, this is the right time to hop on and build something that can take over the industry. You might think it is difficult, but all you need is the intent and an idea, and the technology part can be handled by one of the multiple companies out there. There are different types of food delivery apps that have adopted their own method to becoming successful as per market needs. Different Types Of Food Delivery Apps In today’s online economy, food delivery models can be divided into these types of models, aggregator model, Restaurant model, and platform with logistical support model. Aggregator Model An aggregator model is suitable for people who are looking for the least investments into fixed assets. An aggregator model supplies the technology that makes online delivery models. Under this model, you provide a platform where restaurants can connect with consumers without actually supplying the logistics for the same. Under aggregator, the delivery support is given by an external party, and the parent company is not involved in the same. Restaurant Model Under a restaurant model, a single restaurant or cafe opens up its app where they can deliver their food exclusively. This model allows restaurants to reach out to a wider audience and target even the customers who cannot physically visit the restaurant. The delivery part can be handled by the restaurant itself or it can be outsourced to other aggregators. If you own a restaurant, don’t forget to check out our detailed article on Creating a takeaway app for restaurants. Logistical Support Model This model is an improved version of the aggregator model where the company provides a platform to its stakeholders and also handles the logistical part along with this. Under the platform with a logistical support model, the parent company provides a variety of choices on their platform, takes customer orders, takes care of the delivery, and makes sure that all the parties are satisfied. This is an improved version of the aggregator model because restaurants don’t have to worry about the delivery aspect of the orders. Whichever model you choose, our services can help you launch a new-gen food delivery app that fits your business needs. Features List – Necessary Features For A Food App Like Deliveroo Online food delivery apps have multiple stakeholders that they need to keep satisfied. They deal with customers, restaurants as well as delivery partners. Apps like these need a separate interface that caters to all these stakeholders. Hence, it becomes important to have features for your food app that can satisfy all these stakeholders. This can be tricky, hence we are giving you a list of all the features that are necessary in a food delivery app along with the features that are required for separate stakeholders. a. Easy Ordering Food delivery apps are generally used when people are hungry, this means they need to be efficient when a consumer is ordering food. If they don’t allow these customers to order food easily then it can lead to them being frustrated and […]

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How To Build An App Like UberEats & How Much Does it Cost

Sachin Sharma — Fri, 31 Dec 2021 06:50:21 +0000

If you are hungry and don’t want to cook yourself, your mobile is at your service, open your food delivery app and order whatever you want and that too from your favourite restaurant. You are working in your office, feel hungry and tap tap burger ordered or you like Pizza more? Tap again pizza ordered. With minutes ding dong the food arrives. Magic isn’t it? But you also have an entrepreneurial, mindset, so why not build a similar food app? In this article, we will discuss how you can build an app like Ubereats to launch your own online food delivery business and how much it would cost you. Let’s get started. No one could deny that Uber has turned out to be one of the biggest promising companies and encouraged creative thought among thousands of other young budding minds. Like Uber, Ola or Gett, the travelling experience of people has been turned into a totally amazing experience by making the journey a lot more comfortable and convenient. Uber received tremendous acknowledgment and an appetizing taste of success in an on-demand taxi booking app which further extended its customer service and entered the online food supply arena – UberEATS, another on-demand app that has gained worldwide popularity. Let’s get those numbers on the board now before we go on, to illustrate how the on-demand food delivery app has indeed captured food lovers’ interest already. It has been observed that 10 percent of people in America use online food delivery services once a week to get their favorite cuisine from the chosen restaurant, according to one of the surveys by Statista. Now that is the tactic behind the service of service of apps such as UberEATS; it makes it possible to book any dish from a wide variety of eateries and offer the item at the speed of lighting at their house. UberEATS has extended its market across nearly all the big continents and countries, close to its taxi booking app Uber. One of the key advantages provided to the wider audience by online food shopping applications is that they have tantalized their tongues with diverse pieces of cuisine. You can buy almost everything to pamper your taste buds to enjoy the dinner, including Mexican, Thai, Italian, Indian, and Chinese. In comparison, it has also been shown that the rise in sales of restaurants has improved because of online food ordering applications along with the other benefits that food delivery apps have for restaurants. Before jumping on the app’s functionalities, it is worth knowing the meaning and nature of the food delivery applications. Why On-Demand Food Delivery Apps Have Become So Popular? Did you find that, only because of simplicity and maximalism, food distribution firms like UberEats and Deliveroo have become dominant names in the food business today? And the impact on Americans is that, once a week, 60% of US customers order delivery or takeout. Food delivery apps are a real blessing for everyone in this fast-paced life. One of the strategies that have created a forum where consumers and restaurant chains can conveniently fulfil their needs is on-demand food delivery apps. But here are the few reasons that make sense to increase the success of apps for online food ordering and make it a perfect start-up option. Improve The Business Restaurants found online food ordering systems that are much simpler and more convenient than taking orders from the wild calls to get delivery orders. In addition, 60% of restaurant operators say their profits have been lifted by delivering food through these applications. Related read: Create a takeaway app for your restaurant. Improve The Customer-Business Relationships 43% of restaurant professionals say they agree that third-party applications help to create a direct partnership between a restaurant/bar/pub and its clients. In reality, the streamlined online food ordering systems have modernized customer experience management and can provide all the services needed from food ordering to fast delivery at home. Improve Business Promotions Undoubtedly, with numerous social media sites such as Facebook, Twitter, Instagram, on-demand apps are interconnected and offer a perfect forum for smooth market promotions. The different kinds of web advertisements help to draw a huge amount of individuals to the app. Improve The Customer Base According to a report, clients who place an online restaurant order can visit the restaurant 67 per cent more often than those who do not use the service. In addition, it was observed that operating with a third-party delivery provider raised the rate of restaurant transactions by 10 to 20 per cent How To Build An App Like UberEats? There is no doubt that it took an immense investment to build food distribution apps such as UberEATs. The initial cost of creating an app from scratch will start at $25,000 per project, which is very pricey for start-ups. So, what if you don’t have that kind of budget, do you cancel the App developer recruiting plan? Yeah, it all has a solution. Still now, at a fraction of the size, several small companies come up with something similar to UberEATs. There are several App development firms that commonly make use of existing APIs to reduce the process and expense of app development. What you need is to recruit the best people for the creation of an App that will appreciate your company needs and create an app on a small budget. Here’s just what you need to work on before building a food distribution app like UberEATs: Understanding the UberEATs’ main components Key Features Like UberEATs to create an app App Technologies Used For Cross-Platform Android/iOS Monetizing Approach for App Profit For better comprehension, let’s dive deep into each point: Understanding the UberEATs’ main components UberEATs has been the fastest-growing food delivery app today and has partnered with more than 50,000+ restaurants and produced the final number of choices for food delivery. In comparison, it represents 22 per cent of the company’s overall bookings in 2019 and a $2.8 trillion addressable demand. Now the big […]

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Just Eat Business Model – How It Works and Earns Money

Anurag Jain — Wed, 27 Oct 2021 02:08:10 +0000

Craving midnight tacos but don’t feel like moving from your couch? Yeah, same. That’s where Just Eat comes in clutch—delivering your fave meals straight to your door while you binge-watch Netflix in pajamas. But ever wonder how this food delivery giant actually works behind the scenes or makes bank every time you click “order now”? Spoiler alert: it’s not just magic (though it kinda feels like it). In this blog, we’re breaking down the Just Eat business model—how it connects hungry users with restaurants, the tech that powers those tasty transactions, and most importantly, how the platform turns convenience into serious cash. Whether you’re a budding entrepreneur, startup founder, or just a curious foodie, this guide serves up the insights you need in plain English—no business degree required. Let’s dig into the digital buffet that fuels one of the world’s most popular food delivery platforms. Ready to see what’s cooking? So, What Exactly Is JustEat? JustEat is an on-demand platform that offers users food ordering and delivery services whenever they request it through the application. The UK’s online food ordering and delivery service act as an intermediary between customers and independent takeout outlets. The company is headquartered in London, England, and operates in more than 13 countries, including Asia, Oceania, Europe, and America. Founded in Kolding, Denmark, JustEat allows customers to search for local takeaway restaurants, place an order, choose a pick-up or delivery option, and get hassle-free online delivery. See also – Create Takeaway App For Restaurants The food service platform was listed on the London Stock Exchange until Takeaway acquired the platform in 2020. The two companies merged with the parent company JustEat, replacing JustEat’s listing on the London Stock Exchange. The online ordering platform has a strong market presence. It is considered one of the most valuable global food technology companies in Europe and other countries. JustEat has one of the most established markets in the UK, with over 122 million orders processed alone in 2018. Canada is considered the second established market for JustEat; The company operates under the subsidiary brand `Skip the Dishes`, which represented 22.8% of the company’s revenue in 2018. The brand has also set up its commercial presence in other European markets, including Norway, Denmark, Switzerland, Ireland, Spain, France, and Italy, where it pa1rtnered with more than 8,000 restaurant partners in 2017. Just Eat also purchased the Menulog platform in New Zealand and Australia, which accounted for around £47 million in revenue. Also read: Lessons from JustEat’s Food Delivery Success JustEat’s History JustEat was originally formed in Kolding, Denmark. It was created by Laurens Groenendijk, Jesper Buch, Marc Wesselink, Martijn Rozendaal, and Per Meldgaard in 2000. At the time, Buch, who was 25 years old, was a graduate student in Norway. It all started when one night he was hungry for some old-style Italian pizza. Since he was new to the town, Buch didn’t know any local pizza shops. He found out that most of the restaurant information is not available on the web. And therefore the ordering of meals online is exceedingly tough for customers. This frustration served as the spark for what would become Just Eat. With more than 10,000 employees worldwide, JustEat Takeaway has multiple offices serving different parts of the world. The UK’s largest market is owned by Just Eat, with over 122 million orders processed in 2018 alone. Canada is considered the second established market for Just Eat. With a contribution of 22.8% of the company’s revenue in 2018, it operates under the subsidiary brand “Skip the Dishes”. JustEat’s Funding History JustEat plc’s annual reports and accounts clearly show everything about the food ordering and delivery platform. This indicates that JustEat secured its first Series A investment funding in 2009 from Venrex Capital and Index Ventures, which invested approximately £10.5 million in Just Eat Holdings Ltd. The new investment capital allows the company to expand its food delivery business to other markets ensuring rapid further development. In March 2011, food startup JustEat raised £30 million in the second round of investment, as two major US venture capitalists, including Redpoint Ventures and Greylock Partners, invested in the company. Greylock Partners has invested in Wonga, Facebook, and LinkedIn. During its third round of investment in 2012, the company saw Vitruvian Partners and Redpoint Ventures invest approximately £64 million in Just Eat Holdings Ltd. Then in 2019, the company bought Flyt, feature-rich and impressive software for restaurants and food suppliers. The cost of acquiring the company during that time period was around £22 million. Also read: Integrating AI Into Food Delivery – Innovations That Will Dominate 2025 Just Eat Business Model Food technology expansion is undoubtedly appreciated in Germany and elsewhere in the world. JustEat’s great business concept and operational approach have swiftly made their impact on the market. The enterprise works according to a successful business plan, ensuring strong cash flow, and generating value for food and drink businesses. Discover its business plan overall to know how it works to offer platform users wonderful services. Related Reads: Zomato Business Model Foodora Business Model Value Proposition For Customers Just Eat delivers more than just food—it delivers convenience, choice, and control to millions of hungry customers across the globe. As one of the leading online food ordering and delivery platforms, Just Eat’s core value proposition revolves around making food accessible, fast, and tailored to modern consumer lifestyles. Here’s how the platform creates real value for its users: Unmatched Convenience and Accessibility Just Eat allows users to order food from their favorite local restaurants with just a few taps on their smartphone or clicks on their laptop. Available 24/7 in many areas, it eliminates the hassle of cooking or even dialing a restaurant. Whether you’re at home, in the office, or traveling, you can order from thousands of restaurants in minutes. This convenience is especially appealing to urban dwellers and younger consumers—72% of Gen Z prefer food delivery apps over dining out, according to a YPulse survey. Wide Variety of Choices […]

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How Grab works – Business model explained

Anurag Jain — Fri, 24 Sep 2021 13:47:57 +0000

The development of On-Demand taxi apps makes a lot of sense for current businesses, startups, or even enterprises because of the mobility and convenience of their workforce. In the taxi industry, on-demand services such as Uber have surpassed traditional services. Mobility solutions as a service have begun to replace privately-owned taxis as a preferred mode of transportation for many consumers (MaaS). To substantiate this claim, consider that in 2017, Uber in New York collected 30 million more rides than standard taxis. Statista predicts that the global ride-hailing service market will grow at a compound annual rate of $126,521 million by 2025. As this industry expands at such a rapid pace, we think it’s only fair to share with you how on-demand taxi app development is done. In fact, over the past couple of years — many new ride-sharing applications have come into existence, and Grab is one of them. What Is Grab? There are many products and services available through the Grab app in Southeast Asia, including food delivery and financial services. While attending Harvard Business School, Anthony Tan and Tan Hooi founded Grab, an on-demand taxi service. Launched in 2012 as GrabTaxi, the car-hailing, ride-sharing, and food delivery service has grown to be Southeast Asia’s most popular in just four years. Southeast Asia is where Grab is present, with offices in places like Singapore and Malaysia as well as Thailand and the Philippines. In March 2018, Grab acquired Uber’s Southeast Asian business, launching it as one of the region’s most popular cab-hailing apps. Grab has announced a 70% increase in its revenue run rate for 2020. The business model for Grab is very simple. Physical assets and drivers are rare in small businesses. Grab’s technology connects passengers in need of a ride with drivers who are willing to transport them, and Grab will eventually receive a share of the fees. It all began in Malaysia, where the taxi industry is/was split between officially licensed and black market or unlicensed drivers who make a living transporting people around. From the beginning, it was clear what needed to be done. As the largest ride-hailing company in Southeast Asia, Grab Holdings had proposed a $40 billion merger with Altimeter Growth Capital, which would make it a Nasdaq company. Globally, Grab has 187 million users. It provides a wide range of services, such as taxi booking, carpooling, shuttle services, bike-sharing, and on-demand food delivery. Funding & Valuation According to Crunchbase, Grab has raised $12.5 billion in debt and equity capital through 34 rounds. Tiger Global Management, SoftBank, GGV Capital, Yamaha, Microsoft, HSBC, Vertex Ventures, 500 Startups, and Toyota are among the notable investors who have put money into Grab. Grab is hoping to raise $40 billion from the SPAC merger, which should be completed by the end of the year. For the fiscal year 2020, Grab announced a yearly revenue of $1.6 billion. In the meantime, the company suffered an $800 million loss during the same time period. How Does Grab Work? With operations in Southeast Asia, Grab is a one-stop shop for a variety of services, including insurance and food delivery. Grab is now available in eight countries, including Myanmar, the Philippines, Thailand, Malaysia, Vietnam, Cambodia, and Indonesia, thanks to the company’s rapid growth. There are numerous products available depending on where you live. The app gives users one-stop access to all of the available products. WeChat and Meituan, two of Tencent’s apps, first popularised the concept of a super-app in China. Grab currently provides the following products: GrabRides is a ride-hailing service that allows users to order taxis and other types of vehicles on-demand. GrabMart offers grocery delivery services to its customers. GrabFood is a food delivery service that provides customers with restaurant-quality meals. Insurance for travel and transportation is available through GrabInsure. To make in-store purchases, users can use GrabPay’s digital wallet. Drivers and customers can use GrabFinance’s ‘buy now, pay later’ option. Grab is constantly experimenting with new features to see which ones will be successful. If a customer orders food or a cab, Grab will use independent contractors to help with delivery and mobility. Grab can be downloaded and used on any Android or iOS smartphone or tablet. Grab’s Business Model Grab is an online aggregator with a simple business model but one that is highly sophisticated in terms of technology. Through the internet, this service connects people in need of a ride with people who are willing to provide transportation. Grab takes a portion of the fare and then hands it over to the driver. Grab is a leading on-demand company that provides more than just cab services, with more than 6 million trips per day and 2.8 million drivers. Throughout the years, the company has expanded and developed numerous revenue streams, such as hotel reservation services, restaurant ordering systems, and grocery shopping. There are different business models being adopted by different on-demand apps like Getir has a different business model with the core function being the same. So it is important for you to choose the right business model according to your needs and preferences. How Does Grab Makes Money The revenue generated by Grab is directly tied to the number of passengers it transports. More drivers will sign up on the platform as passenger demand for cab rides rises, resulting in more trips. Grab makes a certain amount of money as commission on each successful ride. Grab’s business model is based on commissions. It takes a commission of between 16 percent and 25 percent of the fare and gives the rest to the driver. If you want to know how Grab’s on-demand business works, you should get to know these important Grab partners first: Driver — The Service Providers As a result, they join the platform in an effort to turn their riding services into a revenue stream. Grab allows its employees to set their own hours, and the platform provides a sizable number of rides. To protect the personal and professional interests of […]

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How To Create A Food Sharing App Like Olio?

Anurag Jain — Wed, 15 Sep 2021 06:17:15 +0000

Apps like OLIO play a vital role in the success of the sharing economy, which has gained traction in recent years as a result of the booming rental market. To create a circular economy, the facilitation of lifestyle shifts is essential, especially with waste levels reaching exorbitant levels. According to a 2021 report by WRAP, UK households waste 4.5 million tonnes of food that could have been eaten every year, amounting to £14 billion (£700 for an average family with children) in wasted food. To achieve the Sustainable Development Goals of 2015, we must drastically alter our lifestyles. Change has never been more urgent as we emerge from a post-pandemic world. Extinction; The Facts, a recent BBC documentary with David Attenborough, shows how our consumer-driven society is destroying biodiversity and making us more vulnerable to pandemics such as COVID-19. Create a food sharing app like OLIO to actively contribute to sustainable living, combat food waste, and build resilient communities. Information about food waste can be found on the OLIO website. Across the globe, we use an area larger than China to grow food that will never be eaten by humans. When it comes to greenhouse gases, if food waste were a country, it would rank third. Despite the fact that the problem is global, we can make a dent in it at the local level. OLIO — An Introduction There is a growing awareness of these issues, and more action is beginning to be taken, despite the fact that it may seem like an insurmountable crisis that we as individuals cannot solve on our own. When it comes to food sharing, OLIO has seen an increase in users and a change in its user base. Listings have grown at the same rate in the last five months as they had in the first five years of the company’s existence. Tessa Clarke and Saasha Celestial-One founded the app in 2015 in response to a personal experience Clarke had after returning to the UK from Switzerland. They asked her to get rid of the food in her fridge on moving day. She didn’t want to waste perfectly good food, so she set out to find someone in her community to give it to. An epiphany occurred when she realised it was awkward to knock on the doors of strangers, sparking the idea to create a food-sharing facility that would transform neighbourhoods around the world. It’s a free community-based app that relies on local neighbourhoods working together to make it work. Using an image of the food, a basic description, and the desired collection time, it can be collected and distributed to the intended recipient. Additionally, the team relies on volunteers and “Food Waste Heroes” to raise awareness of OLIO in local communities, as well as local businesses to collect unsold or surplus food from supermarkets, restaurants and local cafes. The app’s ripple effect is changing not only the economy but also the lives of those who are in need of food and supplies on a short-term basis. While the app was originally designed to share only food, users can now also share unwanted gifts, clothing, toys, and books. OLIO’s Success There are now more than 2,350,000 active users of the app, which is promoting a thriftier lifestyle by encouraging consumers to buy locally. App users have shared more than 6.5 million food portions since its launch, saving 19.3 million miles and over 1 billion litres in water that would otherwise be used in food production. With plans to expand it beyond the 54 countries where it is currently being used, the impact is already phenomenal. How Does OLIO Work? Just download the free app and create an account to get started. Creating an eBay or Amazon account is far more complicated. OLIO is a trust-based system, which is refreshing. You don’t have to go through a vetting process, pay a fee, or prove that you have the financial means to participate. A little bit of either. Once you’ve signed up, the app will connect you with other users in your local area. In addition to being able to see what is available, you can specify a pick-up radius (in increments of 0.6 miles to 16 miles). You can get free food and household items. And What All Can You List On The Application? There are two major categories: Food Non-Food Items As a general rule, any food that you list must be “good enough for you to eat”. The end. Around me at the moment, people are giving away items such as fennel and milk as well as bags of coffee and bread. Then you can help someone else out by getting rid of some of your extra vegetables or soup tins in the back of your cupboard. The same is true for household items that may be sitting unused in your home. Other non-food items for sale include books, clothes, appliances, bric-a-brac, and kitchenware. Supermarket vs Restaurant Food Some local businesses may list unsold food at the end of the day. Tesco and Pret a Manger participate in my area, which means that there is often bread and cakes, sandwiches and salads to be found there. OLIO’s “Food Waste Heroes” collect the food from the shops and distribute it. To become a Food Waste Hero, you must fill out an application. In addition to leafleting and promoting, volunteers can also sign up local businesses to donate unsold food. How Does The Listing Process Work On OLIO? To list an item, simply take a picture, write a brief description, and upload it to the site. Immediately, it will show up on the listings page of the site. The “Request this” button will allow you to send a message to the person who listed the item you’re interested in. There may be a set time when you can pick it up. If they accept your request, you set up a meeting time and place. You may not get lucky every time if […]

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Zomato Business Model – How Zomato Works & Makes Money

Anurag Jain — Mon, 16 Aug 2021 03:46:30 +0000

Are you interested in how Zomato works and makes money? If yes, this blog is meant for you. In this blog we will explore Zomato business model and how it earns revenue. Zomato is a search, discovery, and online food delivery service for Indian restaurants. Deepinder Goyal and Pankaj Chaddah created the food tech unicorn in 2008. Zomato is well-known across the country, and it has successfully expanded into a number of overseas markets over the years. It currently serves 10,000 cities in 25 countries, including the United States, India, Australia, Brazil, New Zealand, Singapore, and Qatar in the Middle East. Zomato now focuses on online meal ordering, restaurant reservations and loyalty programmes, as well as consulting services. Zomato is also a food-search engine that operates in a wide variety of food and restaurants, like the Google search engine. The company has become one of the world’s largest food aggregators from a household project. In addition to connecting people in every context to food, Zomato works in close collaboration with restaurants to make a sustainable ecosystem possible. The company has succeeded in remaining a top player in the market with its unique and sustainable business and revenue model. Zomato has been able to build confidence among people from years of service because of factors such as affordability, easy accessibility and range. Zomato works to find innovative ways of serving its clients. If you’re looking to replicate Zomato’s success, our expertise in food-ordering app development can help you create a robust platform that enhances customer engagement and drives revenue growth. How Did Zomato Start? In July of 2008, two IIT graduates, Deepinder Goyal and Pankaj Chaddah formed Zomato, formerly known as Foodiebay. Deepinder first came up with the idea that his colleagues were always asked to order food from paper menus of various restaurants. This is when he was thinking of transforming the restaurant menus into a more accessible, much easier-to-use digital app. In the course of nine months, the company became Delhi’s largest directory for dining and then, due to its success, expanded to other cities. By 2012, Zomato began its international expansion to countries such as the United Kingdom, South Africa, Sri Lanka, South Africa, New Zealand, Brazil and more. In that course, because its last four letters from ‘Foodiebay’ coincided with ‘eBay,’ the company was named Zomato in 2010 to avoid legal problems. In 2010, the company’s name was changed to Zomato. In 2015 the company delved into the food supply business and launched Gold in India, a subscription product that allows subscribers to access free food and drinks. Zomato has also started HyperPure, which works with farmers directly to improve the quality of food products and supply restaurants with fresh products. Funding History The total number of what Zomato’s come up with by all its various investors is 909.6 million. Recently, private equity funding was available in 2020. Info Edge is Zomato’s leading investor. Besides that, Zomato’s investors are Ant Financial, Delivery Hero, Shunwei Capital, Vy Capital and a lot more, who have helped make Zomato popular worldwide. Let’s now look at some interesting figures on the financing history of Zomato. Raised $ 37 million from Sequoia Capital and Info Edge India in November 2013. Raised $ 600 million from Vy Capital, Info Edge, and Sequoia Capital November 2014. Raised $60 million from Temasek and Vy Capital In September 2015. Raised $ 250 million from Chinese Company Alibaba In October 2018. Additional funds around $150 million raised from Ant Financial in 2018. Ant Financial raised additional funds of about $150 million Explore the operations of Zomato More than five thousand employees with different scales of pay Users: 80 million users per month Disposable in Spanish, Czech, Turkish, Italian, Vietnamese, Spanish, Slovak. Country served: 24 countries Every 30 seconds, Zomato adds a restaurant. So, How Does Zomato Work? Zomato has grown quickly since 2008 and is one of India’s most successful start-ups. According to Statista reports, Zomato had over 110,000 active restaurants on an average monthly basis during the first half of the financial year 2020, Even well-known business owners and entrepreneurs want to know how it works and how it makes enormous profits even after attractive discounts. Zomato’s main task is to suggest and receive orders from local and nearby restaurants. Based on ratings and reviews shared by previous customers, users can place orders from their favourite restaurant. Maybe this is why startup owners are increasingly interested in developing an app like Zomato. It offers users comfort and helps businessmen to reach new levels in their local food company. It’s simple how Zomato works — let’s see how consumers can enjoy delicious dishes within a few minutes? Users can visit different restaurants and order meals from the designated app solution or website. Some restaurant owners receive a request and begin to prepare a meal. The food will be delivered to suppliers once it is ready for shipment. Suppliers will send the meal to the favourite location of the customer. Customers can make payments and share reviews on the basis of their experience with the given payment options. This simplicity promotes the online order of food for food lovers. Zomato Business Model Zomato’s success lies in its strong business model. Zomato is essentially an app whose business model covers food delivery services, information provision, user reviews and Partner restaurant menus. For other online food applications, Zomato is a pioneer. Below are the key elements of its business model of Zomato: Customer Segment Zomato’s customer segment consists of three parts: Restaurants in the neighbourhood: Zomato allows restaurants to be visible to their target group. Users: Zomato is intended for users seeking restaurants or specific cuisine in the immediate vicinity. Zomato is a panacea for home delivery enthusiasts Content contributors: they are Zomato content contributors. They review food and places actively and provide users with information in text and graphic form. Zomato Provisions Zomato is the link between the clients and the partner restaurants. For its only delivery services, Zomato […]

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Restaurant App Benefits – Why Restaurant Needs a Mobile App

Anurag Jain — Wed, 16 Dec 2020 08:06:36 +0000

A business will perpetually be a business. Irrespective of the type of your business seldom will be the time when there won’t be any ups & downs in it. If you own a food venture & your cafe, pizzeria or the takeaway shop is having more ups than downs lately, then we think it is high time to start thinking of doing something new. How about having your very own restaurant app? If you don’t have one, then it is a wonderful idea to get a mobile application developed. A mobile application is an amazing tool to boost sales, protect your business from sinking & enhance the brand awareness of your business as well. See also: How to Create a Takeaway App For Restaurants Step-By-Step Guide On To Building An App Like Foodora Your Guide To Building A Food Delivery App Like Deliveroo So today, we will consider some of the most compelling reasons why your business should have its own mobile application & what all perks you can avail form it! THE NUMBERS BEHIND IT. So the mobile industry is constantly growing & is penetrating all spheres of every kind of business, including the food sector as well. All the big food business giants such as Pizza Hut, Taco Bell, Starbucks every other one – have already recognized what mammoth impact a mobile application can have & how propitious it can be. They started early & the result is in front of us already! When talking about the Starbucks – it receives 60% of its total orders via the digital channels & Taco Bell has about 10 million followers on Facebook. in fact, in the year 2016, out of $10.9 billion of Domino’s total sale, $5.6 billion came only from the digital channels. Hence, it won’t be wrong to say that mobile phones have become the primary source of information. Instead of looking at computers, radios and other sources, people go for mobile devices nowadays. Reason? It is the most convenient source of information they have. Just being on the Google isn’t enough anymore. These days people are looking for the menu, the location of your restaurant & even the discounts + special offers you have floated online currently! How Does a restaurant app work? For Customers A customer will signup and login to the app The customer will select their food from the menu items listed in the app The customer will place the order and make the payment online (or can choose payment on delivery, POD option) The customer will receive the food For restaurants Restaurant app owners can login to the app The restaurant app will receive the orders being placed by customers The restaurant will receive the payment online The restaurant can prepare/pack food accordingly The restaurant (or a delivery provider) will deliver the food to the customer. Or users can also takeaway their food, based on the options provided in the app. So here are the most powerful arguments that Why your restaurant needs a mobile app IMPROVED IN-HOUSE SERVICES Well, this is pretty undeniable that a mobile application is the best way to improve the in-house experience of your customers – in many ways. For a start, the mobile application gives them the ability to pay in advance via various digital payment options which reduces the pick-up time to a great extent. Then the ain’t have to wait in the drive-thru lanes. Customers can also book a table in advance if your applications allow them to. Also, you can also entertain them by providing them with certain games which lets them get bonuses & discounts. LOYALTY & REFERRAL PROGRAMS One thing which you can be sure about in your food business is – loyalty & referral programs actually work. The Dunkin’ Donuts DD Perk loyalty program currently has about 6.6 million loyal customers. The most amazing thing is – this isn’t the largest food brand community in the world. Some of the other benefits of giving your customers loyalty cards on the mobile application are: Ability to get bonuses from different digital channels Ease of use Ability to track loyalty program progress No need to carry numerous cards all the time Transparent program conditions BETTER CUSTOMERS INTERACTIONS Another indisputable fact is modern customers like to interact with businesses as it instantly gives them a sense of importance. This approach is pretty effective because customers feel reachable because of mobile apps. When that happens – they are ready to listen to whatever you’ll say to them. Moreover, the mobile application is very popular among the millennials. It allows them to do all the things they can on any website + many more things as well – such as customizing their food orders! So, all the modern business want modern approaches – such as having a mobile application. People carry their phones with them all the time & they enjoy deriving information out of them. So we’d suggest you to not lose a chance to give your business the boost it deserves. This is the era of applications – use it to the fullest! Elevate your restaurant’s success with our on-demand food delivery mobile app development services, designed to enhance customer engagement, streamline operations, and increase sales. How much does it cost to build a restaurant app? The answer to the question ‘How much does a restaurant app cost’ is not that simple. As it involves multiple factors which should be considered before coming to any final cost for developing a mobile app fro your restaurant. In general, the approximate budget can be anywhere between $20,000 to $40,000 to create a restaurant app. There are some high level apps that may cost even more because of the premium features involved in those apps. The overall restaurant app development cost will depend on a various factors. These are – features you need to add, the number of platforms (iOS , Android, windows, web), the degree to which the application is personalized, production provider you employ […]

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