Uber Eats

Uber posts massive losses, to lay off 3,700 employees; banks on food-delivery momentum

Uber recorded $3.54 billion in total revenue for the first three months of the year, roughly in line with analyst estimates, but still posted a $2.9 billion loss in the period.

Uber Eats and other meal delivery firms are supplying groceries during lockdowns

The companies aim to deliver in less than 20 minutes, faster than restaurant meals.

With UberEats in the bag, Zomato breaches Swiggy’s stronghold on food-delivery business in South India

Without considering customer overlap, the UberEats deal clearly puts Zomato ahead. The country-wide combined order volume of Zomato and UberEats will be 46-47 million

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

Despite arriving in the Indian market in 2017, Uber Eats has not made enough inroads in the online food delivery segment

'How will we pay our EMIs?': Out of service, Ola, Uber drivers in Assam warn of 'aggressive movement', demand immediate restoration of mobile internet

Over 12,000 Ola and Uber drivers in Assam have threatened to start an aggressive movement against the government as mobile internet ban enters the seventh day amidst anti-Citizenship Amendment Act protests

Uber CEO Khosrowshahi says that the company might soon start courier services for retail businesses

Uber bought a majority stake in Chilean online grocery provider Cornershop as it seeks to widen its food delivery app.

Exclusive: Homegrown food-delivery services Swiggy, Zomato revive merger talks as threat from Amazon, Uber Eats looms

Even if the companies agree to a merger, they would have to contend with the gaze of the Competition Commission of India

Uber CEO says company will reach profitability by 2021 despite of mounting losses

When adjusted for interest, taxes, depreciation, and amortisation, Uber CEO expects profitability in 2021.

Uber Q3 revenue shoots up to 30 percent to $3.81 billion, Uber Eats acts as a boon

Revenue from Uber's ride-hailing business rose to 19 percent while sales from its Uber Eats rose 64 percent.

Uber layoffs: Around 10% employees of cab aggregator in India lose jobs in global retrenchment drive

Uber CEO Dara Khosrowshahi announced the layoffs in a company-wide email.