Food aggregators aren’t restaurants’ enemies: Merrill Pereyra, MD Pizza Hut India
Merrill Pereyra, who has come from global franchise chain QSR Brands in Malaysia, is the first outsider head of Pizza Hut India. All his predecessors have been elevations from within Yum! Brands that operates Pizza Hut, KFC and Taco Bell restaurant chains in the country.
Cloud kitchens on boil as DPIIT checks FDI compliance
Govt is set to make clear if cloud kitchens, started by food-ordering platforms, violat...
Swiggy seeks higher commissions from restaurants in certain regions
The food delivery firm is looking to get restaurants to fund a larger chu...
Zomato frontrunner to acquire UberEats
Talks for the acquisition come even as Zomato is in the midst of raising capital where it has already got a commitment from existing backer Ant Financial for $200 million. The funding round will value Zomato over $3 billion, and a potential share-swap may also happen using that benchmark.
Zomato-UberEats deal: Cab company may invest up to $200 million
If the merger goes through, Zomato and UberEats may emerge as the biggest by number of orders and size ahead of Swiggy in a hotly contested and cash-intensive online food delivery market.
Travis Kalanick is exiting his Uber holdings very quickly
A new California law is giving gig-economy workers the right to a minimum wage. Uber also faces problems related to sexual assault and a fatal roadside incident involving a self-driving car in Arizona.
Uber Eats focuses on aggressive expansion in India
The company said it has added thousands of restaurant partners across the 44 cities it operates in here. "We are aggressively looking at expanding our presence in the country,” Uber Eats Head of Operations India and South Asia Bansi Kotecha told.
UberEats India devours firm's global numbers
Uber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the company said in a statement.
Zomato, Swiggy, UberEats reduce discounts as food delivery market grows cold
Across the sector, monthly growth fell to 1-2% between Aug and Oct, hurt by a slowdown in consumer spending, cut in discounts and promotions.
What's for dinner? 48% Indians opt to order-in, say it's more economical than hiring a cook at home
The top reasons for people ordering-in include convenience, breaking the monotony and celebrating a special occasion.
Ola and Uber look beyond cab hailing to drive growth
Both mobility platforms are expected to bank on bike taxis and rentals to shore up ride numbers.
Uber puts the brakes on growth at any cost
Uber is in a tricky position. Its potential ceiling is much higher than Lyft’s because Uber has spread its tentacles into many parts of the world and expanded far beyond its original business of car rides at the push of a smartphone app.
Uber India collective loss to hit Rs 3.8k crore
Negative revenues could be caused by commission revenues being lower than the cost of delivery, high refunds to consumers and UberEats paying restaurants for the food which they are not themselves giving discounts on, those tracking the space said.
Uber India Systems allots shares worth Rs 2,540 cr to Dutch group entity
The Board had also cleared the allotment of 44.98 lakh shares as consideration (other than cash) for the transfer of Eats Contracts and Eats Data, according to the documents. These allotment of shares were approved at a premium of Rs 1,578.20 per share. Uber India declined to comment on a detailed query on the development.
Uber Technologies will not dial down on its food delivery service-Uber Eats in India
Earlier this month, ET reported that Uber’s food delivery service has seen a significant churn in leadership, with two top executives — India chief Bhavik Rathod and head of central operations, Deepak Reddy — resigning.
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