I am not buying it. Food delivery is a simple menial job akin to cleaning. It will always be done by the lowest bidder. Regulation may affect the minimum driver

I am not buying it. Food delivery is a simple menial job akin to cleaning. It will always be done by the lowest bidder. Regulation may affect the minimum driver compensation positively in the short term, but not too much before these delivery companies themselves become infeasible. However, the food delivery companies have already managed to bootstrap such massive market demand for the service they offer that it's not anymore realistic the industry would be regulated to death at this point. In the long term, the driver compensation will also go up - either as a result of either regulation or – more likely – driver collective action. Meanwhile, these investment funds are missing out on the birth of new basic service industry, and by extension guilty of mismanaging their customers' funds.