50%
1/2 resolved calls right
2 scored · avg 55
single source
ChowNow will process approximately $2.5 billion in orders on its platform in 2020.
What happened: ChowNow reported that it processed approximately $2.5 billion in orders on its platform during 2020, meeting the prediction made in November 2020.
Verify at source ↗Approximately 18 million diners will use the ChowNow platform in 2020.
What happened: ChowNow did not reach the projected 18 million diners in 2020; available estimates and reports indicate the platform served well under 5 million diners that year.
Verify at source ↗when they first launched and they said, we're just going to charge 14%, there's no crazy fees. And this is when they were losing tremendous amounts of money and they- Yeah, they were building a business. Exactly. And so they're undercutting and they're just trying to get their foot in the door. And so that's where the math made sense for the restaurant. Now, with what the math you just described, where it is that $15 of that $50 order went to actually fulfill the delivery and it went a mile or t
The majority of our restaurants do their own delivery still today, despite the press that DoorDash, Uber Eats, and everyone else gets. The vast majority of the restaurants on our platform still do their own delivery.
20% is for a good restaurant that's negotiated a good rate. You will find in New York City, which is a competitive market on these delivery apps, some restaurants paying up to 40%. And that's not specific to DoorDash. That is just the broad spectrum.
Absolutely. And so those two companies really kind of invented this practice. They scaled very quickly because of it, I think, in kind of tech terms, kind of a growth hack type maneuver. And Grubhub never did that. And ironically, DoorDash and others have been moving away from this practice.
I see the same kind of headlines around the market and the restaurant delivery dominated by these three or four main players. In reality, they make up a decent chunk, but far from the majority of orders.