Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

London's newest online grocery delivery app comes from Russia with love

Stock MarketsOct 14, 2021 18:32
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
6/6 © Reuters. A Yango Deli staff member drives an electric moped prior to the opening of their new store in London, Britain, October 6, 2021. Picture taken October 6, 2021. REUTERS/John Sibley 2/6

By Ben Makori

LONDON (Reuters) - Russia's biggest internet company dispatched its yellow-shirted moped riders to deliver groceries across London on Thursday, the latest newcomer to launch in a crowded sector that is forcing Britain's traditional groceries to revamp their business models.

Yango Deli, run by the Russian tech giant Yandex , is opening four London "dark stores" - shops closed to customers, where workers prepare orders for delivery - putting 1.4 million potential customers in range.

At one of its new stores, in an arch under a brick railway viaduct in Battersea, South London, a fleet of bright yellow mopeds and bikes was parked outside for couriers.

Nasdaq-listed Yandex is Russia's most popular independent internet search engine and largest ride-hailing provider. The "Russian Google (NASDAQ:GOOGL)" is comparatively little known outside its home market, but says its experience delivering groceries from around 400 dark stores at home and from new ventures in Israel and France will give it a technological advantage.

"We are not really a new company - we have already done it before," said Evgeny Chernikov, General Manager of Yango Deli UK. "(We have a) massive bank of tech talent which means we can do many things much better and on a much larger scale than others."

It launched food delivery services in Paris in August and Israel last year. But London is particularly competitive. Yango's couriers will have to jostle for road space with those from other newcomers with names like Weezy, Getir, Dija and Gorillas, to say nothing of Uber (NYSE:UBER), Amazon (NASDAQ:AMZN) and the vans of the traditional grocers.

The Russian formula will need a bit of tinkering in Britain, Chernikov said: it costs more to hire workers, but British customers tend to have more money to spend.

"So it's all about adjusting the business model to the economic conditions."

London's newest online grocery delivery app comes from Russia with love
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Regina Deemer
Regina Deemer Oct 15, 2021 7:34
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This is amazing. I think Grocery Delivery Apps should be present in every country, every state, every city. They are so convenient. Just order, do payments, add coupon code,  and get your groceries delivered to your doorstep.No need to wait in queue for payments, no need to search items everywhere, just sit back and relax. Pandemic has revolutionized so much of our lives. Inspired by the Grocery Delivery App, my company has developed similar app which is running successfully. https://www.cerebruminfotech.com/online-ordering-system
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email