Ultrafast delivery companies have already seen funding quintuple since last year. Here are the top-line bullets you need to know.
Ultrafast delivery is becoming one of the fastest growing categories in the food & beverage delivery space.
Along with changing consumer preferences, a shift away from physical retail, and the ongoing pandemic, ultrafast delivery saw a 346% jump in consumer spend across the US in 2020, according to Edison Trends.
Operating under a “dark” store model, these businesses sell a limited assortment of items exclusively online that are fulfilled through localized warehouses and distribution centers — often allowing for faster delivery times than traditional grocers and stores competing in the space.