Tag: Pickup

  • Pickup Coffee Eyes Explosive Growth with Anticipated $8M Funding Boost from Convertible Notes

    Pickup Coffee Eyes Explosive Growth with Anticipated $8M Funding Boost from Convertible Notes

    Pickup Coffee, a budget coffee chain based in the Philippines, is reportedly seeking additional funding. This endeavor includes issuing up to $8 million in convertible notes to Venturi Partners and new investor Antler.

    The Equity Fundraising

    It is believed that this equity fundraising could potentially bring in an extra $20 to $40 million. Reports suggest that this process was successfully finalized a few months earlier.

    The Birth of Pickup Coffee

    Pickup Coffee was founded in 2022 by Diego Lorenzo and Jamie Fernandez. Initially, it operated as a delivery-only coffee brand. However, the business eventually transitioned to a hybrid model, launching food-truck-style stalls. This innovative format allowed Pickup Coffee to sell its beverages at prices lower than those usually seen in traditional coffee chains.

    Menu Offerings

    Pickup Coffee’s menu offers a range of traditional coffee drinks, iced teas, hot chocolates, and unique specialty mixes. The latter includes the Ube Latte, Iced Pistachio Milk, and Avocado Latte.

    Company Growth

    Since its launch, Pickup Coffee has seen significant growth. The company has opened approximately 500 stores in the Philippines and has broadened its reach on an international scale, establishing 50 outlets in Mexico.

    The new capital injection is predicted to help support Pickup Coffee’s expansion plans. The company is concentrating on fortifying its operations in existing markets.

    Questions & Answers

    Who are the founders of Pickup Coffee?
    Diego Lorenzo and Jamie Fernandez founded Pickup Coffee.

    What is Pickup Coffee’s business model?
    Initially, Pickup Coffee operated as a delivery-only coffee brand. However, the business eventually transitioned to a hybrid model, launching food-truck-style stalls, which allows them to offer drinks at lower prices than traditional coffee chains.

    What is the purpose of the additional funding that Pickup Coffee is seeking?
    The new capital injection is predicted to help support Pickup Coffee’s expansion plans, particularly focusing on strengthening its operations in existing markets.

  • Apple China opens its Wuhan store, with first Apple Pickup area

    Apple China opens its Wuhan store, with first Apple Pickup area

    Apple has launched its flagship in Wuhan, its first retail store in China to feature an Apple Pickup area.  Apple Wuhan is the 54th Apple store in China, as the tech giant continues to expand its footprint in Asia, especially in Mainland China.  The flagship store uses granite floors and wood-trimmed walls to make the store and mall lobby brighter and more transparent. The instore team will help customers with purchasing and personalising their devices, choosing instalment payment plans, using

    The instore team will help customers with purchasing and personalising their devices, choosing instalment payment plans, using eligible devices as trade-ins on new ones, and booking online support.

    According to Apple, its Wuhan staff can speak multiple languages – including sign languages in Chinese and English.

    “Our highly specialised team of experts is looking forward to welcoming customers from this vibrant community starting this Saturday,” said Deirdre O’Brien, Apple senior VP of retail operations and people.

    “This retail store brings new design elements to China for the first time, giving customers more ways to explore ideas, learn more about Apple products, or make it easier to pick up an online order in store.”

  • Deliveroo Launches Breakfast Service and Makes Multi-million-dollar investment in Pickup Services

    Deliveroo Launches Breakfast Service and Makes Multi-million-dollar investment in Pickup Services

    With the government’s announcement to ban all dine-in services at restaurants beginning Wednesday, 29 July, Deliveroo is today redoubling its efforts to support both customers who want great food and restaurants who need to make sales with the launch of breakfast service. Early-morning risers who are working from home can now access a wide range of eats within their neighbourhood, while those still heading to the workplace can order directly to their desk or conveniently pick up a morning meal on their commute. The food delivery company also announces today that customers will continue to enjoy a 20% discount for all Pickup orders in selected restaurants for the next two weeks starting tomorrow (29 July). This follows the company’s recent announcement of reducing restaurant Pickup commission rates to 3% until the end of September, extended delivery until 11:30pm and activation of the “Here to Deliver” campaign.

    Customer demand for delivery and pickup meals is on the rise following the latest announcement from the Hong Kong Government that will ban all dining in restaurants as of Wednesday, 29 July. To support restaurant partners and hungry customers – across the city, many of whom are now once again working from home, Deliveroo has launched its breakfast service. Available from today, customers will now be able to order from 7:45am during weekdays and 9am at weekends on the Deliveroo platform, for both delivery and pickup. Participating restaurants are expected to increase total revenue by 10% with breakfast offering through Deliveroo’s platform.

    Deliveroo has recently made a 8-digit investment in its Pickup service to help more restaurant partners and consumers enjoy an affordable and convenient “grab and go” service that puts safety at the forefront. The service enables customers to order ahead for pickup and therefore avoid waiting times, skip the queue, and do their part to practice social distancing.

    In July, Deliveroo has worked with its restaurant partners to offer over 7,000 restaurant promotions to consumers, with an aim to help restaurants increase revenue and attract new customers. The food delivery company has also activated its “Here To Deliver” campaign, investing in a multi-channel mass marketing plan to help restaurants reach their target customers, helping them let customers know they are still operating for delivery and pickups.

    Over the next few weeks, customers will be able to find over 2,000 discount offers on the platform at any given time for both Pickup and delivery.

    Brian Lo, General Manager of Deliveroo Hong Kong said, “To say the past two weeks have been difficult for Hong Kongers would be an understatement; that’s why we’ve been working on new ways to support everyone – from our riders, to our restaurant partners, to all our Hong Kong customers. Deliveroo has opened up more work for riders to help meet rising demand due to work-from-home conditions and provide flexible work and attractive earnings at this difficult time for many. We’re supporting restaurant partners with relief measures for both deliveries and pickups during the Wave 3 outbreak. We continue to see higher and growing traffic on our platform, therefore we worked with our partners to extend the current discount to customers for both Pickup and delivery, hoping to offer more affordable food options with exciting discounts to encourage Hong Kongers to stay home and stay safe – from breakfast all the way until dinner.”

    Deliveroo Pickup service has already supported restaurants in Hong Kong to generate new revenue at a tough time for business. Deliveroo’s recent relief measure of providing a significant discount on all Pickup orders over the past few weeks helped restaurant partners to bring in over HK$50 million incremental sales.

    Susanna, Owner of KAIE Japanese Restaurant, said, “With the worrying situation of the recent Covid-19 local spike, this has been a very difficult time for us; especially with the further government policy on social distancing. We have to shift all of our efforts towards  food delivery and takeaway now, and thanks to Deliveroo’ s support especially over the past weeks, we have seen a 300% increase in Pickup orders.”

  • Starbucks Pickup store concept unveiled in NYC

    Starbucks Pickup store concept unveiled in NYC

    Starbucks Coffee has opened the first-ever Starbucks Pickup store in New York City’s Penn Plaza.

    The location uses the Mobile Order & Pay feature of the Starbucks mobile app as the primary ordering and payment method for customers. Customers who visit the location will place and pay for their orders using the app, selecting Penn Plaza as their location and building their order using the full Starbucks menu. After arriving at Penn Plaza, customers can track the progress of their order on a digital status board and pick up their beverage and food items directly from a Starbucks barista.

    In designing the Starbucks Pickup location, the company began with a prototype in the Tryer Centre, a center for innovation at the Starbucks Support Centre in Seattle. At Tryer, teams focused on operations, digital innovation and design worked with store partners (baristas) to create an experience that gave store partners the tools they needed to deliver the best customer experience.

    “Our customers who are on-the-go have told us that connection and convenience are important to them,” said Urban Markets for Starbucks VP Katie Young. “By designing a store specifically for the mobile order occasion, we can deliver both for these customers using the store’s design, location and the expertise of our baristas.”

    The concept is being evaluated for introduction in other markets where app-bas

  • Nissan Motor begins mass production of new Navara pickup truck in China

    Nissan Motor begins mass production of new Navara pickup truck in China

    Nissan Motor’s manufacturing joint venture Zhengzhou Nissan Automobile began production of its new Navara pickup truck Monday, in China.

    Nissan Motor’s manufacturing JV, Zhengzhou Nissan, plans to begin sales of the Navara in June, but has not released price or sales target.

  • Ford recalls F-250 pickups that could roll while in park

    Ford recalls F-250 pickups that could roll while in park

    Ford Motor is recalling about 52,600 F-250 pickup trucks sold in the United States and Canada because the vehicles could roll after the driver moves the automatic transmission lever into park position, the company said on Saturday.

    The recall, the third announced by Ford this week, affects 2017 model year F-250 vehicles powered by 6.2-liter gasoline engines and built in its Louisville, Kentucky, truck plant, it said in a statement.

    Ford, the second-largest U.S. automaker, also said it was unaware of any injuries or accidents associated with the latest issue.

    The company said on Wednesday it was recalling 211,000 vehicles in North America to replace potentially faulty side door latches.

    Another recall involves 230,000 vehicles that present a fire risk in the engine compartment. Ford said it had reports of 29 fires related to that issue but no injuries.

    The Dearborn, Michigan-based automaker had previously recalled nearly 4 million vehicles for door latch issues in six separate announcements since 2014, including 2.4 million vehicles recalled in late 2016.