Have you heard? Uber is valued at up to $120 billion in its possible upcoming IPO, according to a recent WSJ article. This is crazy – it means it’d be worth more than 5 times of Fletcher Building, Fonterra, Air New Zealand and Spark NZ… combined. UberEats itself is already worth $20 billion!
Speaking of UberEats, other food and grocery delivery services are also getting a lot of attention lately. Instascart has recently got a whopping $600 million investment that puts its valuation at $7.6 billion. They are also looking to go public soon. Doordash (on-demand food delivery service in the US) is not far behind at $4 billion valuations.
With Uber leading the pack, it’s safe to say the on-demand economy is here to stay. Uber even announced their drone delivery service recently, albeit it’s not coming until 2021.
What do you think the future of deliveries will look like? Do you agree with us that the on-demand economy is here to stay? We’d love to know your thoughts!
Other interesting articles this month: