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In the recent past, the appetite for app-based food delivery services has risen significantly.

The business of delivering meals is experiencing a drastic change as new online platforms race to capture markets across Europe, the Americas, Asia, and the Middle East.  Now the popular ride-hailing startup Bolt, also known as Uber rival has announced to join the food delivery business in an attempt to eliminate the friction connected with cooking and dining out.

For the uninitiated, Bolt is the fastest-growing transportation platform in Europe, offering ride-hailing and scooter-sharing service. In the latest development, the company has launched a food delivery service, dubbed as – Bolt Food in Tallinn.

This platform allows users to order their favourite foods from the most popular restaurants in Tallinn. Moving on, foods can be ordered through the brand new Bolt Food app (Android| iOS). It’s worth mentioning here that meals cannot be ordered from inside the existing Bolt ride-hailing/scooter app.

Launched on people’s request

Talking about the launch, the company in their blog said: “Food delivery has been a really popular request from a lot of people. We’ve built up a solid base of technology, personnel, and expertise on the back of our other products, so we felt that moving into this space was a logical step.”

Expansion on cards!

According to the company, the Bolt Food delivery service will be launched in Latvia, Lithuania, and South Africa later this year. The food delivery market is getting more competitive as new players are emerging with time. Bolt Food’s intention to break into new markets is a significant step.

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Check out the 5 fierce competition for the Bolt Food will be facing in the upcoming days.

Uber Eats

Uber Eats is one of the leading food delivery platforms that makes getting great food from favorite local restaurants as easy as requesting a ride. This platform connects anyone with a broad range of local restaurants with options to browse, order, and track their order.

Deliveroo

Founders: Greg Orlowski, William Shu

Funding: €1.3B

Based out of London, Deliveroo is a food delivery unicorn that has witnessed rapid growth since its launch in 2013. The company secured €515 million from the e-commerce platform Amazon to build a world-class service, which will deliver food, offer more work for the riders and help restaurants reach new customers.

The online food delivery platform uses machine learning algorithms to estimate the time taken to prepare a meal and optimise routes for delivery, thereby reducing the delivery time by 20%.

Just Eat

Founders: Jesper Buch, Laurens Groenendijk, Marc Wesselink, Martijn Rozendaal, Per Meldgaard

Funding: €66M

Founded in 2000, Just Eat company provides convenient and easy access to a selection of delivery restaurants for online food orders. Based out of London, Just Eat operates with local teams in all their market countries. Last year, the company acquired Flyt, a restaurant software platform. Just-Eat’s parent company is Just-Eat Holdings Limited.

Takeaway.com

Founders: Jitse Groen

Funding: €86M

Takeaway.com is the leading online food delivery marketplace focused on connecting consumers and restaurants through its platform. In addition, Takeaway.com also provides restaurant delivery services in 23 European cities in five countries for restaurants that do not deliver themselves.

Delivery Hero

Founders: CJ Foo, Claude Ritter, David Bailey, Kolja Hebenstreit, Markus Fuhrmann, Nikita Fahrenholz, Niklas Ostberg, Tracy Richardson

Funding: €1.6B

Delivery Hero is a network of online food ordering sites with over 100 restaurant partners worldwide, operating in 21 countries. The group has more than 1000 employees globally, with 400 working from its Berlin headquarters.

Stay tuned to Silicon Canals for more updates in the tech startup world.

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