Europe’s quick-commerce startups are overhyped: Lessons from China Tech and Gaming Blog Technology by Annie Siebert - August 25, 20210 Alexander Kremer Contributor Share on Twitter (adsbygoogle = window.adsbygoogle || []).push({}); Alexander Kremer is partner and head of China at venture capital firm Picus Capital. More than 10 companies currently compete across Europe with an instant grocery delivery business model. Half of them were established in 2020, the year of the pandemic. These companies have raised more than $2 billion to date. Existing and well-funded online food-delivery service players like Delivery Hero are also joining the race by launching dedicated...