Snowflake, a cloud-based data warehousing company, intends to acquire Ponder, a company at the forefront of connecting popular data science libraries with the data’s location. This move is aimed at bolstering the platform’s offerings for Python developers. Snowflake’s customers are already leveraging Python through Snowpark, which allows them to deploy […]
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DoorDash, the popular food delivery service, has announced record-setting numbers for total orders and revenue in the second quarter. The San Francisco-based company revealed that its total orders surged 25% to 532 million, surpassing Wall Street’s expectations. Revenue also saw a significant increase of 33%, reaching $2.1 billion. The company’s […]
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Waitrose, a prominent supermarket under the John Lewis Partnership, is reportedly discussing selling its groceries through the e-commerce giant’s platform with Amazon. This move is a strategy to attract more customers and regain market share. The Sunday Telegraph revealed this potential third-party deal, noting that Amazon had recently forged a […]
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CloudKitchens is a ghost kitchen startup founded by Uber’s co-founder and former CEO, Travis Kalanick. Established in 2016, the company provides infrastructure and software to restaurants aiming to operate virtual locations without the high costs associated with physical establishments. Despite securing significant funding last year, including investments from Microsoft, CloudKitchens […]
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The last mile is the final leg of the journey for a product, from the fulfillment center to the customer’s door. It is often the most expensive and time-consuming part of the supply chain and the most critical. A well-run last-mile operation can ensure that products are delivered on time, […]
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Getir, the ultrafast grocery delivery platform, has decided to pull out of Spain, Italy, and Portugal. This strategic move aims to concentrate the company’s financial resources on markets that present more robust opportunities for operational profitability and sustainable growth. This decision follows reports by the Spanish trade union CCOO in […]
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Dubai-based proptech firm, Facilio, has been chosen by cloud kitchen giant Kitopi to implement its Connected CaFM platform. This strategic move aims to centralize and optimize Kitopi’s operations across its expansive network, which spans over 200 kitchens in five countries. Kitopi, known for revolutionizing the traditional restaurant scene with its […]
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India’s renowned food delivery platform, Swiggy, has announced its food delivery segment’s profitability, outshining its publicly-traded competitor, Zomato. This achievement came in March, marking a milestone in less than nine years since Swiggy’s inception. However, Swiggy’s overall profitability remains elusive due to its instant grocery delivery venture, Instamart, which consumes […]
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The Lagos-based startup is using technology to revolutionize the food industry. FoodCourt is a Nigerian startup using technology to revolutionize the food industry. The company operates a network of cloud kitchens, which are shared commercial kitchens that multiple restaurants use. This allows FoodCourt to offer its customers a wider variety […]
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Economists define a recession as two consecutive quarters of decline in the gross domestic product (GDP). The media defines it as anything that has tragic newsworthiness. Politicians only see recession when the other party is in power. Restating an old joke is a slowdown when your neighbor loses his job. […]
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