Venture capitalists have poured billions into the latest pandemic delivery craze: companies that promise to get you a bottle of Tylenol, an iced coffee, hummus, a cucumber and a roll of paper towels.
A worker sets to make a delivery on a bicycle in front of Gorillas mini-warehouse in the Williamsburg section of the Brooklyn borough of New York on Monday, April 12, 2022. Gorillas is one of several companies that venture capitalists have poured billions into in the latest pandemic delivery craze.They typically deliver from mini-warehouses in residential and commercial neighborhoods.
Getir, a Turkish company that operates in Europe as well as Boston, Chicago and New York, said the key to profitability is adding more mini-warehouses in the cities where it delivers.The company recently raised $768 million, valuing it at close to $12 billion, and plans to expand in the U.S. Customers range from people “ordering a late night ice cream to somebody who is doing a full grocery shop for the week for a family and everything in between," he said.
It's unclear how fast the services could be outside of the densest U.S. cities, like New York, or the neighborhoods where they cluster in more sprawling cities.
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