Premium food-delivery service acquires competitor My Delivery Cab

dinein-mydeliverycabLondon-based, a premium restaurant delivery service, has announced that they have acquired My Delivery Cab and, in the process, increased their coverage area to an additional 60 local restaurants. The 3-year-old startup says that this latest acquisition enables them to deliver from more than 250 restaurants across London.

Per a release from the startup, this will not be their only major news for the foreseeable future, as the company intends to close a VC deal and unveil several new partnerships. Further, the startup says that the co-founders of My Delivery Cab will come over as advisers as part of the deal.

The local food-delivery market has really heated up in recent years, as publicly-traded Just Eat announced just last week that they have acquired Irish rival, which serves 1,500 restaurants, while Rocket Internet-supported Foodpanda announced back in August that they have picked up $60 million (to bring their total backing to more than $100 million in all). And don’t forget about Delivery Hero, which reeled in $350 million (for a total of $635 million) back in September and Deliveroo, which announced in June that they have raised roughly $4.25 million to fuel their own growth.

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