The “10-min delivery” is such a fascinating “typically VC” market. Some startups in this industry reached unicorns status in less than one year, 22 players entered the market between 2020 and 2021, and $42B were invested in 2021 only. This is what we call a fast-track.
However, with the current economic downturn,new threats coming for the regulators and VCs putting pressure on companies to reach profitability, the hyper growth of the 10-min delivery market seems over.