Uber Eats focusses on aggressive expansion in India
5 years, 1 month ago

Uber Eats focusses on aggressive expansion in India

India TV News  

Uber Eats, the food delivery unit of Uber, on Friday said it is focussing aggressively on expanding its presence in India, a market that is expected to become a USD 15 billion opportunity over the next few years. India is fundamental to Uber's growth and we have a stable and massive rides business and we don't see a reason why we can't capitalise that business and grow Eats exponentially, which we have done over the last one year and we continue to do in this and next year as well," Uber Eats Head of Operations India and South Asia Bansi Kotecha told PTI. In the September 2019 quarter, Uber Eats' India business dragged down the food delivery arm's adjusted net revenue by 0.4 per cent, its CFO Nelson Chai had said. With Uber Eats, we hope to make this easy for them so they can access great food choices every day," Kotecha said.

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History of this topic

These stock market stars are outpacing traditional stores in just ‘10-minutes’
2 weeks, 4 days ago

These stock market stars are outpacing traditional stores in just ‘10-minutes’

Live Mint  

Food delivery apps in India are promising to bring biryani to hot beverages at customers’ doorsteps in under 10 minutes, as competition for impatient consumers intensifies among digital platforms. Bolt accounts for 5% of Swiggy’s total food delivery orders within two months of its launch, Sidharth Bhakoo, chief business officer of food marketplace at Swiggy said in an email. “We …

Uber Eats bows down to union pressure and will payroll riders
1 month, 1 week ago

Uber Eats bows down to union pressure and will payroll riders

Dutch News  

Food delivery firm Uber Eats is to stop using freelancers from next year and will instead hire in its riders via a staffing agency, the Telegraaf reported on Wednesday. Uber Eats was the last meal delivery firm in the country to still use self-employed riders but has been experimenting with temp agencies Randstad and Adecco for several months, the paper …

For Uber CEO Dara Khosrowshahi, India holds the key: 'If we can succeed here, we can succeed anywhere'
10 months, 2 weeks ago

For Uber CEO Dara Khosrowshahi, India holds the key: 'If we can succeed here, we can succeed anywhere'

Hindustan Times  

Uber CEO Dara Khosrowshahi said that India is one of the most challenging markets for growth during a chat with Infosys co-founder Nandan Nilekani in Bengaluru. Acknowledging the difficulties that his company faces, Dara Khosrowshahi said, "India is one of the toughest markets out there; they are so demanding and do not pay for anything. Uber's potential membership could boost …

DoorDash, Uber Eats and Grubhub all go down causing takeout panic across the US
1 year, 4 months ago

DoorDash, Uber Eats and Grubhub all go down causing takeout panic across the US

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The popular food delivery …

Domino’s signs deal with Uber Eats in a bid to make more dough
1 year, 5 months ago

Domino’s signs deal with Uber Eats in a bid to make more dough

Associated Press  

If you can’t beat them, join them. In a major reversal, Domino’s Pizza said Wednesday it’s partnering with Uber Eats to make deliveries in the U.S. and 27 international markets. Under the agreement, uniformed Domino’s drivers will still make the deliveries that customers order via Uber Eats, and Uber Eats will share data with Domino’s on delivery efficiency and incremental …

Amazon India Expands Amazon Food Delivery Service Across 62 Key Locations in Bengaluru
3 years, 10 months ago

Amazon India Expands Amazon Food Delivery Service Across 62 Key Locations in Bengaluru

News 18  

Amazon India has announced the expansion of Amazon Food, its food delivery service across Bengaluru. Amazon Food is now available across 62 pin codes, covering key localities such as Whitefield, HSR, Sarjapur, Koramangala, Indiranagar, MG Road, Jayanagar, JP Nagar, Frazer Town, Malleshwaram, Rajajinagar, Vijayanagar and many more. Users can also search ‘Amazon Food’ or by selecting ‘Amazon Food’ under ‘Shop …

Uber rides take coronavirus hit but food-delivery business doubles
4 years, 5 months ago

Uber rides take coronavirus hit but food-delivery business doubles

Live Mint  

Homebound customers of Uber Technologies Inc more than doubled their orders from the company's food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from pandemic rock-bottom. The company on Thursday posted a $1.8 billion net loss from April through June, including charges related to laying off 23% of its global workforce during a period when …

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery
4 years, 6 months ago

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery

NPR  

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery Enlarge this image toggle caption Tomohiro Ohsumi/Getty Images Tomohiro Ohsumi/Getty Images Uber is buying the delivery app Postmates, bolstering its food-delivery business at a time when few people are hailing rides. Sponsor Message In contrast, orders for its Uber Eats food delivery service doubled during the same three-month period. …

Uber Cuts 3,000 More Jobs As Pandemic Squeezes Ride-Hailing
4 years, 7 months ago

Uber Cuts 3,000 More Jobs As Pandemic Squeezes Ride-Hailing

NPR  

Uber Cuts 3,000 More Jobs As Pandemic Squeezes Ride-Hailing Enlarge this image toggle caption Pascal Guyot/AFP via Getty Images Pascal Guyot/AFP via Getty Images Uber is laying off another 3,000 employees as it tries to weather the damage to its business from the coronavirus pandemic. The layoffs come less than two weeks after the company cut 3,700 jobs and said …

Home Food Over Takeaway? Online Meal Delivery Firms Knocked Off Course Due to Virus Around the World
4 years, 9 months ago

Home Food Over Takeaway? Online Meal Delivery Firms Knocked Off Course Due to Virus Around the World

News 18  

The lockdown of millions of people at home across the globe due to the coronavirus should have been the perfect recipe for success for the burgeoning online meal delivery market. An Uber spokesman said the impact of the virus had varied widely across Europe, but it had seen big increases in restaurants and shops signing up to its app. “New …

Delivery giant DoorDash takes step toward public offering
4 years, 10 months ago

Delivery giant DoorDash takes step toward public offering

Associated Press  

NEW YORK — Food delivery giant DoorDash has taken a first formal step toward a stock market debut. DoorDash Inc. has overtaken Grubhub as the top digital food delivery company in the U.S., according to data analytics firm Second Measure, capturing 38% of monthly food delivery sales in January, compared to 31% for Grubhub. Ride-hailing company Uber — another major …

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform
4 years, 11 months ago

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform

Firstpost  

Despite arriving in the Indian market in 2017, Uber Eats has not made enough inroads in the online food delivery segment Uber Eats, the food delivery business run by Uber has been acquired by Zomato, the online food delivery and restaurant discovery platform in all-stock deal, according to news reports. Uber Eats in India will discontinue operations and direct restaurants, …

Zomato in advanced talks to buy UberEats: Report
5 years ago

Zomato in advanced talks to buy UberEats: Report

India TV News  

The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell UberEat's India business to rival Zomato by the end of this year. Zomato is currently delivering 1.3 million orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. The …

Zomato could soon takeover UberEats in India: Report
5 years ago

Zomato could soon takeover UberEats in India: Report

India TV News  

We all know UberEats is not doing as good as its contenders in the food delivery industry in India. According to a TechCrunch report on Monday citing sources, the deal "currently values UberEats' India business at around $400 million". Zomato is currently delivering 1.3 million orders a day from 150,000 restaurants across India at more than 10 orders per restaurant …

Zomato in advanced talks to buy UberEats: Report
5 years ago

Zomato in advanced talks to buy UberEats: Report

Live Mint  

New Delhi: The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell UberEat's India business to rival Zomato by the end of this year. Zomato is currently delivering 1.3 million orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per …

Uber Eats Hopes Drones Can Lift It to Profitability
55 years ago

Uber Eats Hopes Drones Can Lift It to Profitability

Wired  

Come next summer, the most remarkable thing about your home-delivered late-night California burrito won’t be the French fries inside. It’ll be that the San Diego speciality made part of its journey by drone, as part of a scheme to pull Uber’s food-delivery business financials out of a nosedive. The idea, then, isn’t to replace human drivers: Even Uber’s longterm plans …

Uber vows to tackle losses, with help from India
5 years, 2 months ago

Uber vows to tackle losses, with help from India

Live Mint  

Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi vowed to get his company to profitability while pursuing growth from emergent arenas such as India, addressing investors’ concerns about the ride-sharing company’s mounting losses and global regulatory challenges. It was a profitable company with significant cash flows,” Khosrowshahi said at Uber’s engineering center in Bangalore, which was decked out with oil …

Uber brings food, rides business under India entity for regulatory compliance
5 years, 3 months ago

Uber brings food, rides business under India entity for regulatory compliance

Live Mint  

Ride hailing app Uber has brought its rides and food delivery businesses in India under Uber India Systems Pvt Ltd, a private limited liability company established in India, with its registered office at Navi Mumbai in a bid to be compliant with local regulations, according to one person, who did not wish to be identified. The document, effective 1st October …

The revolt against food delivery apps
5 years, 4 months ago

The revolt against food delivery apps

Live Mint  

New Delhi: For a little under two years now, Rajat Rekhi has been doing brisk business selling West Asian cuisine from inside a tiny kitchen tucked away in south Delhi, which only delivers via online platforms. Over the weekend, a slew of restaurants across India began delisting from dine-in apps that offer membership-driven discounts—such as EazyDiner, Zomato Gold, and nearbuy—in …

Amazon plans launch of online food delivery service in India: Report
5 years, 5 months ago

Amazon plans launch of online food delivery service in India: Report

Live Mint  

Amazon.com Inc is planning a foray into the burgeoning online food delivery business in India this year, two sources aware of the development said, in a move that could raise competition in an increasingly crowded market. India's rising middle class has driven the growth of the online food delivery sector, with research firm RedSeer Consulting saying order numbers rose176% in …

Uber Eats eyes small town India to boost food orders
5 years, 5 months ago

Uber Eats eyes small town India to boost food orders

Live Mint  

New Delhi: As the online food delivery market in India goes hyper-competitive, Uber Eats, which is yet to create a significant mark on the Indian palette, is now eyeing young professionals in metros and joint families in smaller towns to increase its footprint. Amid reports that Swiggy is buying its India business and then stalled talks, Uber Eats that came …

Uber Eats getting embedded into main app: Report
5 years, 7 months ago

Uber Eats getting embedded into main app: Report

Live Mint  

San Francisco: Ride-hailing major Uber has embedded the web version of its food delivery app — Uber Eats — into the main application in select markets. "We're rolling out a new way to order Eats directly in the Uber app on Android," an Uber spokesperson was quoted as saying by the TechCruch on Wednesday. San Francisco-based Uber had more than …

Opinion | Uber’s IPO filing affirms a dangerous business model
5 years, 8 months ago

Opinion | Uber’s IPO filing affirms a dangerous business model

Live Mint  

Last week, in Delhi, I took an Uber cab to the airport from my home, a distance of about 14 kilometres. In Uber Eats, for instance, which has declined for two successive quarters, it is forced to accept a lower rate of revenue to gross bookings, to bring on board what it calls “large-volume restaurants at a lower service fee …

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