Spanish ride-hailing app Cabify bets on grocery delivery amid e-commerce boom
Spanish ride-hailing app Cabify
MADRID: Spanish ride-hailing app Cabify will allow users to order groceries direct to their homes in nine cities including Barcelona and Madrid via a partnership with online supermarket delivery firm Lola Market, the companies said on Wednesday.
A new crop of startups across Europe seeks to consolidate market share after lockdowns boosted demand for grocery delivery, including Turkey-based Getir and Berlin-based Gorillas, which have both expanded across borders. Cabify, which also offers e-scooter hire and electric moped rental, did not provide financial projections for the new venture but said it would help avoid unnecessary trips, cut emissions and allow for a more efficient use of resources.
“E-commerce in Spain has been growing at a double-digit rate in the past years,” said Lucia Chavarri, Cabify’s vice president of new business. “It would make sense for us to sustain above-average growth once we establish ourselves.”
By selecting the “Super” option in the app’s menu, Cabify users will be able to request goods from supermarkets including Spanish chain Dia and the German and French multinationals Lidl and Carrefour, in a first for the multi-mobility company. “The change is here to stay, more and more users are going to want to shop online,” said Chavarri. “The idea is that we can grow in a market where until now we had no presence.”
Madrid-based venture capital firm Seaya Ventures and Japanese online retailer Rakuten – also a lead investor in ride-hailing app Lyft – are Cabify’s main investors, according to a source familiar with the company.
E-commerce in supermarkets and grocery stores was already growing at around 38% annually before the pandemic doubled the sector’s expansion rate, Chavarri said, citing data from Spain’s competition watchdog CNMC.
Rival Spanish delivery app Glovo, which has also entered the rapid grocery delivery sector, said last month that it had bought Lola Market in Spain and Mercadao in Portugal.
The market is driven by factors such as the wide range of vehicles with a single subscription package and financial support by service providers to potential drivers, the study highlighted.
- T-Rex Head Torch Headlamp LED Headlight Dinosaur Toys LED Headlamp Flashlight...
SALE PRICE: £16.99 T-Rex Shape and Roar: dinosaur toys headlamp based on the outlook of T-Rex that kids adore it. A lovely birthday gift for […]
- Karvipark Electric Air Pump, Electric Pump, Automatic 2 in 1 Quick Fill Deflate...
SALE PRICE: £13.99YOU SAVE: £1.99 About this item 【2 in 1 Electric Air Pump】 Thanks to the quick filling and the high pressure design, […]
- LEGO 42112 Technic Concrete Mixer Truck Toy Construction Vehicle
RRP PRICE: £89.99SALE PRICE: £89.97 Discover all the cool functions of this Concrete Mixer Truck with rotating mixer drum – the model looks and […]
- Barbie Extra Doll in Pink Fluffy Coat with Unicorn-Pig Toy
RRP PRICE: £29.99SALE PRICE: £26.99YOU SAVE: £3.00 About this item When it comes to fashion, Barbie Extra dolls have a ‘more is more’ […]