The COVID-19 pandemic was a veritable gold rush for food delivery startups — as the world shut down, people ordered in. These companies promised rapid delivery of groceries from local stores using bikes and scooters, and as demand skyrocketed, investors poured cash into the booming industry. But now, amid soaring inflation and a post-pandemic downturn, the ‘quick commerce’ market is undergoing rapid consolidation (small companies being swallowed up by a few big players). Founded in 2020 at the height of the pandemic, German-based grocery delivery startup Flink remains one of Europe’s last remaining independent grocery delivery groups. But that could…
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