Food delivery startup with massive losses and “independent contractor” workforce gets series F funding of $385M. https://techcrunch.com/2017/09/24/deliveroo-raises-385m/ …
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I am utterly baffled by the food delivery market, given the unit economics.
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Valuation is not the size of the bet, though.
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you are right but I have not had coffee yet
End of conversation
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Precarization of employment conditions worldwide makes this possible. For some this is the only job available.
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Are people going to put up with this style of business indefinitely though?
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Tech will solve everything. Except actual problems. That takes work.
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Order a pizza from these guys and see what it looks/tastes like after bouncing around a cardboard cube strapped to a cyclist' back. Nope.
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