That is NOT a good thing.
Archive: https://archive.today/Jl9QS
From the post:
>While reading the latest results from Prosus, I realized there seems to be a trend that nobody is talking about. There is an obvious wave of consolidation in the food delivery market happening right before our eyes. The once-hot food delivery sector has gone cold faster than your DoorDash order. New entrants have disappeared as most of the VC money chases the cool and hip AI startups. Alongside a wave of acquisitions, the world's food delivery market is consolidating in the hands of 5 companies. These 5 companies own more than 90% of the total food delivery market worldwide.
That is NOT a good thing.
Archive: https://archive.today/Jl9QS
From the post:
>>While reading the latest results from Prosus, I realized there seems to be a trend that nobody is talking about. There is an obvious wave of consolidation in the food delivery market happening right before our eyes. The once-hot food delivery sector has gone cold faster than your DoorDash order. New entrants have disappeared as most of the VC money chases the cool and hip AI startups. Alongside a wave of acquisitions, the world's food delivery market is consolidating in the hands of 5 companies. These 5 companies own more than 90% of the total food delivery market worldwide.
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