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, Swiggy, UberEats reduce discounts as food delivery market grows cold
Across the sector, monthly growth fell to 1-2% between Aug and O...
What's for dinner? 48% Indians opt to order-in, say it's more economical than hiring a cook at home
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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.
Uber sets up new centre in Visakhapatnam, to hire 500 people
Lin added that the launch of the second centre in India is a reiteration of the company's commitment to the Indian market.
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 to ride with its main app in India
The move will give customers an option to pick Rides or Eats with equal visibility — a prominent way to direct a rides customer to order food.
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.
Uber lays off 350 people, under 10% based in India
These terminations will impact all of Uber’s businesses in the country, including uberEats
Uber to offer subsidised healthcare for drivers, delivery staff
Through this partnership, driver and delivery partners will be able to get medical assistance at a nominal cost for self and up to five family members.
Uber scrambles into groceries with new acquisition. Why?
Uber’s pitch is that having drivers drop people at work or transport them on date nights gives it an opportunity to also deliver burritos, bananas or movie theater popcorn to people’s homes.
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