Uber Eats

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Uber Eats - Total results - 26
Uber to cut 3,000 more jobs in second round of layoffs; 'made incredibly difficult decision to reduce workforce', says CEO in mail to employees
Business

Uber to cut 3,000 more jobs in second round of layoffs; 'made incredibly difficult decision to reduce workforce', says CEO in mail to employees

Uber Technologies Inc, the San Francisco-based ride-hailing company, is laying off 25 percent of its staff. It will cut a total of 6,700 jobs, including the 3,700 it had announced earlier this month, Chief Executive Officer Dara Khosrowshahi said.

Uber is reportedly negotiating to buy Grubhub in an all-stock deal
News & Analysis

Uber is reportedly negotiating to buy Grubhub in an all-stock deal

Uber and Grubhub are reportedly still haggling over the deal's stock exchange ratio, and there is no certainty that they will reach an agreement.

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

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
News & Analysis

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
News & Analysis

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
Business

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
India

'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
News & Analysis

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
News & Analysis

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
News & Analysis

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
News & Analysis

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 lays off 435 more employees from its engineering team in wake of Q2 2019 loss
News & Analysis

Uber lays off 435 more employees from its engineering team in wake of Q2 2019 loss

The company had reported a loss of $5.2 billion in the second quarter of 2019

Amazon looking to buy a stake in Indonesian ride-hailing startup Go-Jek says report
News & Analysis

Amazon looking to buy a stake in Indonesian ride-hailing startup Go-Jek says report

Amazon is expanding its transportation prowess to do virtually everything short of building a car.

Zomato, Swiggy, Uber Eats, Food Panda get letters from NRAI to do away with deep discounts
Business

Zomato, Swiggy, Uber Eats, Food Panda get letters from NRAI to do away with deep discounts

NRAI also highlighted complaints about discounts being offered in the delivery segment throughout the year.

Uber net loss hits $5 billion, up from a loss of $878 million a year earlier
News & Analysis

Uber net loss hits $5 billion, up from a loss of $878 million a year earlier

Uber's net loss reflected $3.9 bn of stock-based compensation expenses from its IPO.

Uber Eats to start its food delivery via drones in San Diego from July
News & Analysis

Uber Eats to start its food delivery via drones in San Diego from July

Uber Eats drones will deliver food to "designated safe landing zones" from where it will be picked up.

Uber Eats orders can now be made from within the main Uber app, confirms company
News & Analysis

Uber Eats orders can now be made from within the main Uber app, confirms company

Uber has confirmed that the standalone Uber Eats app on Android and iOS will continue to exist.

Ola restructures  Foodpanda, to focus on in-house food brands, expand kitchens, offline stores
Business

Ola restructures Foodpanda, to focus on in-house food brands, expand kitchens, offline stores

Ola is restructuring its food delivery platform Foodpanda to focus on building a portfolio of its own as well as curated food brands through a network of kitchens and offline stores

Uber CEO expects further pressure as falling shares more than double losses; says stock did not trade as well as hoped post-IPO
Business

Uber CEO expects further pressure as falling shares more than double losses; says stock did not trade as well as hoped post-IPO

Uber's market capitalization has fallen to about $61 billion since its IPO on Thursday, still larger than Wall Street heavyweights including General Motors and FedEx