In other signs of a busy year for the industry, Just Eat announced its acquisition of US-based Grubhub in June 2020 and, in a highly anticipated move, Deliveroo listed on the London Stock Exchange. Third Bridge Forum Interviews provided some food for thought on the industry’s outlook for 2021 as the nation emerges from what is hopefully its final lockdown.
“The current market split [in London] is 55-60% is Just Eat, around 25-30% is Deliveroo and the rest is Uber Eats”, a former Deliveroo executive said. But this could change. We heard that Deliveroo has been winning customers from Just Eat as well as Uber Eats, with the latter at risk of losing the most market share because its value proposition has weakened since launching, according to the Interview. “There’s nothing additional that Uber Eats can offer to customers or restaurants, and now, they don’t even have exclusivity arrangements that they used to have with QSRs [quick-service restaurants], and so… going forward, I see probably a 55/35/10 split between these three companies. This is between Just Eat, Deliveroo and Uber Eats respectively.”
Submit your details to access the latest Quarterly Trends Report from Third Bridge.