
FOOD DELIVERY
Thai Siam Commercial Bank Launches Food Delivery App Robinhood amid Competition
SCB said Robinhood would not charge merchants gross profit commissions and vowed to settle payments to merchants within an hour and be entirely cashless. It will offer merchant-sponsored discounts for customers of 8%.
by DealStreetAsia
2020-10-27

Chinese Meituan to Raise USD 2 Billion in Debt, Partly for “Refinancing”
The five-year bonds carry a yearly interest rate of 2.125% while the ten-year notes pay 3.05%, indicating the company’s capabilities to borrow at lower costs outside the Chinese mainland, where the 5-year benchmark lending rate is set at about 4.75%.
by KrAsia
2020-10-23

Saudi Food Delivery Startup Jahez Raises $36 Million in Country’s Largest VC Deal
Jahez’s food delivery platform offers complete delivery solutions (with the help of freelance couriers) to its restaurant partners in over 20 cities of the Kingdom, competing with the likes of Delivery Hero’s HungerStation, Careem Now, and many other local players.
by MENAbytes
2020-06-04

YC-backed dahmakan raises US$5M to roll out its chef-cooked food delivery in Thailand, Malaysia
dahmakan, a Y-Combinator-backed cloud kitchen startup in Malaysia, today announced the closing of over US$5 million in Series A round of funding with existing and new global investors, including Silicon Valley’s Partech Partners and China’s UpHonest Capital.
by e27
2019-05-22

Delivery Hero fires entire leadership team of Saudi’s HungerStation in one day for unknown reason
Delivery Hero, the Germany-headquartered global food delivery company, that owns different food delivery brands in the Middle East & North Africa, has terminated the entire leadership team of one of its Saudi food delivery companies HungerStation for unknown reasons, three people with the knowledge of matter have told MENAbytes.
by MENAbytes
2019-04-12

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