Uber posts massive losses, to lay off 3,700 employees; banks on food-delivery momentum
• 5 years agoUber 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
• 5 years agoThe 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
Sunny Sen • 5 years agoWithout 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
Fp Staff • 5 years agoDespite 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
Tulikadevi • 5 years agoOver 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
• 5 years agoUber 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
Sunny Sen • 5 years agoEven 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
• 5 years agoWhen 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
• 5 years agoRevenue 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
Fp Staff • 5 years agoUber CEO Dara Khosrowshahi announced the layoffs in a company-wide email.