Uber Eats sees 50 pc growth in first year of operations, to focus on Tier 2 markets

Uber Eats sees 50 pc growth in first yea...

After completing one year of operations in India, Uber’s food delivery platform Uber Eats claims to have registered a month-on-month growth of 50% in its first year.

Launched in May 2017, Uber Eats has grown its presence in India by expanding to 13 cities in India and adding more than 40 restaurants daily onto its platform. It claims to have more than doubled in terms orders in the last 3 months.  It has over 12000 restaurant partners across the 13 cities in India.

Uber Eats said in a statement that its focus is now on taking the service to tier 2 markets. Uber Eats is currently present Mumbai, Gurgaon, Delhi, Bengaluru, Hyderabad, Kolkata, Chennai, Coimbatore, Vizag, Jaipur, Kochi, Pune and Chandigarh.

“Uber Eats has gained great momentum in India and is one of its fastest growing markets in the Asia Pacific region. We look forward to accelerating this growth further on and India has huge opportunities to offer. Increased aspirations, a land of millennials, sky rocketing number of consumers going online, and fast paced internet and mobile penetration - it is a perfect concoction for Uber Eats to invest in India and tap on smaller yet upcoming educational and business hubs. And that’s the next step for Uber Eats,” said Bhavik Rathod, Head of Uber Eats, India.

In India, Uber Eats competes directly with Swiggy, Zomato and Ola-owned FoodPanda. The foodtech market in India has been seeing intense competition and immense investors interest.

Swiggy, which last raised $100 million in February from Naspers and Meituan-Dianping, is reportedly in talks with other global investos such as DST Global and US-based Coatue Management to raise funds. It rival Zomato last raised $150 million from Chinese e-commerce giant Alibaba’s payment affiliate Ant Financial in February. Ola too, entered the fray when it acquired FoodPanda.


PostedOn: 15 May 2018 Total Views: 200




Google, Facebook and others are blocking...

Google, Facebook and others are blocking keywords ...

Search engine Google, Microsoft, Facebook and Yahoo have begun blocking keyword pertaining to child pornography and violence against minors on their respective platforms in India. These companies are taking this step to prevent the spread of such kind of videos on social media. As per reports, the d...

23 Dec 2018

Huawei launches Mate 20 Pro with triple ...

Huawei launches Mate 20 Pro with triple rear camer...

The smartphone packs a 4,200mAh battery, with SuperCharge support. Huawei has brought to the Indian market its latest high-end smartphone, Huawei Mate Pro 20, priced in the Rs 70,000 range with a 6.39inch QHD+ display that has a screen resolution of 1440x3120pixels and an aspect ratio of 19.5:9. It ...

28 Nov 2018

WhatsApp chief business officer Neeraj A...

WhatsApp chief business officer Neeraj Arora quits

WhatsApp Neeraj Arora quits WhatsApp’s chief business officer Neeraj Arora on Tuesday resigned the company. He announced the news on his Twitter and Facebook handle. In a post at social media sites including Twitter and Facebook, he said, “Time flies for sure but not memories. It is hard...

28 Nov 2018

Google's New Search Feature Gives Single...

Google's New Search Feature Gives Single Result to...

Google is rolling out a new feature to the Search app on mobile web, Android and iOS that would not show multiple links to a query if it could be answered by a direct result for faster search experience. “For queries where we have extremely high confidence that a user is seeking a calculation,...

27 Nov 2018

Google Family Link App in India: Here’s ...

Google Family Link App in India: Here’s how parent...

Tech giant Google recently launched the Family Link App in India. The app is designed to help parents remotely control and keep track of their children’s Android device activities and help them set digital ground rules by managing what their kids are up to and what are the other Google account...

27 Nov 2018

Honor 8X review: Premium looks, good bat...

Honor 8X review: Premium looks, good battery, but ...

Huawei's sub-brand Honor has been following an aggressive strategy for the price-conscious Indian market, offering good specifications and internals at a relatively affordable price. Its latest offering, the Honor 8X, comes in three variants -- 4GB+64GB, 6GB+64GB and 6GB+128GB -- priced Rs 14,999, R...

26 Nov 2018

NASA’s InSight spacecraft all set to lan...

NASA’s InSight spacecraft all set to land on Mars

NASA’s Mars Interior Exploration using Seismic Investigations, Geodesy and Heat Transport (InSight) spacecraft is all set to land on Mars on November 26. The InSight spacecraft is a first outer space robotic explorer that will study the crust, mantle, and core of the fourth planet in our solar...

26 Nov 2018

WhatsApp appoints Abhijit Bose as countr...

WhatsApp appoints Abhijit Bose as country head

Facebook-owned company WhatsApp has finally declared Abhijit Bose as the head of WhatsApp India. The company has earlier announced that it is hiring country head. As per reports, Abhijit Bose will work to establish the messaging service WhatsApp in India, likely to begin its operations next year. It...

21 Nov 2018