Zomato acquires Uber’s food delivery business in India to accelerate growth

INDIA – Zomato, the food delivery company backed by Alibaba’s Ant Financial, has acquired Uber Eats India in an all-stock transaction which will give Uber a 9.99% stake in Zomato. The companies did not disclose […]

India’s online grocery retail market set to reach US$10.5bn by 2023

INDIA – Online food and grocery retail in India is estimated to hit US$10.5 billion or 1.2% of the overall market by 2023, according to a recent report released by consulting firm Redseer. Redseer forecasts […]

Uber Eats to pull out of South Korea amid tough competition

SOUTH KOREA – Uber Eats will be terminating its restaurant delivery business service in South Korea and exiting the market. The move comes as the food delivery platform continues to face intense competition in the […]

Uber Eats to begin testing food delivery by drone in the US

USA – Uber Eats, the online food ordering and delivery platform by Uber has said that it would start testing food delivery by drone in the region of San Diego, California as it ramps up […]

Swiggy’s deal for Uber Eats India delays over regulatory issues

INDIA – Uber’s plans to sell its Indian food delivery business, UberEats to rival Swiggy has been delayed as a result of tax and legal issues as well as other regulatory conditions. An ET Retail […]

UberEats India partners Tata AIG to provide insurance to delivery fleet

ASIA – Food ordering and delivery platform, UberEats has partnered with the Indian general insurance company, Tata AIG to offer a comprehensive insurance cover for its delivery executives in India. According to ET Retail, the […]

UberEats inks product distribution deal with Café Coffee Day (CCD)

INDIA – The American online food ordering and delivery platform, UberEats through UberPortier B.V has entered into an agreement with Café Coffee Day (CCD) for food products distribution in India. According to Coffee Day Enterprises, […]