The global food delivery industry has undergone a remarkable transformation in recent years, evolving from localised takeaway services to a multi-billion-pound tech-driven sector.
This burgeoning market has witnessed exponential growth, particularly accelerated by the COVID-19 pandemic, which catalysed a shift in consumer behaviour towards digital ordering.
Today, industry leaders leverage cutting-edge technologies, including artificial intelligence and data analytics, to optimise operations and enhance user experience.
However, the sector faces significant challenges, including intense competition, regulatory scrutiny and the need for sustainable practices.
As the industry matures, key players are diversifying their offerings and expanding into new markets, whilst grappling with profitability concerns and labour rights issues.
Here, we look at the top ten food delivery companies in the world ranked by market cap.
10. Olo
Revenue: US$0.89bn
Employees: 700
CEO: Noah Glass
Olo is a New York City-based B2B company that develops digital ordering and delivery solutions for restaurants.
The company went public in 2021, raising US$450m.
They now work with major dining brands like Shake Shack, Denny's and Wingstop, providing platforms for mobile and online ordering.
Olo's goal is to streamline restaurant operations and enhance guest experiences through technology.
A notable projector Oslo’s is their partnership with Google, enabling direct ordering from Google Search.
9. Jahez International Company for Information Systems Technology (Jahez)
Revenue: US$1.26bn
Employees: 1,000
CEO: Ghassab Bin Salman Ghassab bin Mandeel
Jahez International Company, headquartered in Riyadh, is a leading B2B firm in Saudi Arabia's on-demand services sector.
The company is an online food delivery platform that develops digital platforms for food delivery, logistics and lifestyle solutions.
It aims to streamline operations and enhance customer experiences through technological innovation.
Since its 2016 launch, Jahez has rapidly expanded, serving over one million customers and partnering with 45,000 delivery partners.
The company went public in 2022, demonstrating significant growth in the region's tech industry.
8. HelloFresh
Revenue: US$1.40bn
Employees: 19,012
CEO: Dominik Richter
HelloFresh, headquartered in Berlin, is the world's leading meal-kit company, operating across Europe, North America and Oceania.
The firm aims to revolutionise the way people eat by providing fresh, pre-portioned ingredients and recipes directly to customers' homes.
Since its 2011 founding, HelloFresh has expanded rapidly and delivered over 1 billion meals by 2022.
A recent project of HelloFresh is its partnering with Colavita, who specialises in importing and distributing premium Italian food products to launch a limited-time Italian recipe series.
7. Just Eat Takeaway
Revenue: US$2.96bn
Employees: 13,500
CEO: Jitse Groen
Just Eat Takeaway initially originated from a simple idea scribbled on a napkin and now it is a leading online food delivery marketplace operating across Europe and beyond. Headquartered in Amsterdam, the company connects consumers with restaurants, facilitating food ordering and delivery through its digital platforms.
Just Eat Takeaway has recently partnered with Card Factory for gift-related products and Morrisons Daily to expand its reach.
The firm also aims to transform the food delivery industry, having delivered over 1 billion meals by 2022.
6. Deliveroo
Revenue: US$3.36bn
Employees: 3,630
CEO: Will Shu
Deliveroo partners with major brands like Heineken for beverage delivery and Amazon Prime for subscription benefits.
These partnerships expand its service offerings and customer base.
The Heineken collaboration allows direct-to-consumer alcohol delivery, while the Amazon Prime partnership provides free delivery benefits to Prime members.
Deliveroo is a leading online food delivery platform operating across multiple countries, headquartered in London.
The company aims to revolutionise food delivery through technology, expanding into grocery and non-food retail.
Deliveroo projects include Deliveroo Editions that operates dark kitchens, allowing restaurants to expand their delivery reach without traditional brick-and-mortar costs. Meanwhile, Deliveroo HOP offers rapid grocery delivery services, partnering with supermarkets like Morrisons to provide customers with quick access to essential items.
5. Jubilant FoodWorks
Revenue: US$5.06bn
Employees: 34,120
CEO: Sameer Khetarpal
Jubilant FoodWorks, headquartered in Noida, India, is a leading food service company holding master franchises for global brands like Domino's Pizza, Dunkin' Donuts, and Popeyes across South Asia.
The company aims to revolutionise the food service industry through technological innovation and expansion.
Jubilant FoodWorks launched homegrown brands Hong's Kitchen and Ekdum!.
The company also pledged to supply free pizza for life to Olympic silver medallist Saikhom Mirabai Chanu in July 2021, following her achievement at the Tokyo Olympics, as she expressed her desire for pizza after winning the medal.
4. Delivery Hero
Revenue: US$6.57bn
Employees: 44,612
CEO: Niklas Östberg
Delivery Hero operates across 70 countries, connecting consumers with restaurants, supermarkets, and shops.
It is headquartered in Berlin and is a leading global online food ordering and delivery platform.
Delivery Hero's portfolio includes online food delivery platforms such as Foodpanda, Talabat, and PedidosYa.
The firm aims to revolutionise local delivery through technological innovation and expansion. Additionally, Delivery Hero began as an ambitious idea in Sweden before evolving into a global powerhouse serving up to 2.2 billion people worldwide.
3. Grab Holdings
Revenue: US$12.79bn
Employees: 10,604
CEO: Anthony Tan
Grab Holdings, originated as a taxi-hailing service in Malaysia before evolving into a regional tech powerhouse.
Now, headquartered in Singapore, it is a leading Southeast Asian super-app developer offering ride-hailing, food delivery and digital payment services.
The company collaborates with global brands like McDonald's, Starbucks, and Coca-Cola to expand its reach and enhance customer experiences.
It aims to revolutionise local services through technological innovation, as evidenced by its GrabMaps project for hyperlocal route optimisation.
In 2021, the company gained traction through a record-breaking US$40bn SPAC merger with Altimeter Growth Corp.
This move provided Grab Holdings with significant capital for expansion and solidified its position as Southeast Asia's leading super-app, enhancing its ability to offer diverse services across the region.
2. Zomato
Revenue: US$26.97bn
Employees: 1,000
CEO: Deepinder Goyal
Initially called 'Foodiebay’, Zomato is a multinational restaurant aggregator and food delivery company.
Headquartered in Gurgaon, India, it partners with major brands like McDonald's and Starbucks to expand its reach.
The firm also aims to revolutionise the food service industry through technological innovation, offering services such as restaurant discovery, food delivery and table reservations.
Zomato has achieved significant growth, expanding to over 1,000 cities globally.
One of Zomato’s projects is Hyperpure, their B2B restaurant supply chain venture.
This offers a farm-to-fork model for sourcing ingredients directly from producers.
The initiative aims to streamline restaurant operations, enhance food quality, and strengthen Zomato's relationship with its restaurant partners.
1. DoorDash
Revenue: US$52.48bn
Employees: 19,300
CEO: Tony Xu
DoorDash originated from feedback on a mobile app for small business owners at Stanford University.
Today, DoorDash is a leading technology company connecting consumers with local businesses across 25 countries, headquartered in San Francisco,
The firm partners with major brands like McDonald's and Starbucks to expand its food delivery services.
DoorDash aims to revolutionise local commerce through technological innovation, offering services beyond food delivery, including grocery and convenience store deliveries.
The company has achieved significant growth, becoming the largest food delivery platform in the United States with a 56% market share.
A notable DoorDash project is Project DASH, a partnership with local food security organisations that has delivered over 15 million meals.
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