CloudKitchens lets delivery-only restaurants use shared kitchen spaces to prepare meals that that are then delivered through Postmates, a food delivery service based in the U.S. Kalanick took over City Storage Solutions, the parent company of CloudKitchens, last year through his investment fund. (Financial Times)
Talking point: This is Kalanick’s first venture after being pushed out of Uber. UberEats already has 1,600 restaurants that operate out of professional kitchens and only deliver. Popular food delivery startups like Foodora and Instacart offer a way for existing restaurant and grocers to deliver services, and Kalanick’s venture takes advantage of the growing food delivery market, expected to be worth US$76 billion by 2020.