Uber Eats is already among the planet’s largest food-delivery services, ahead of competition like Caviar, Postmates and DoorDash
hen early investors were pitched on Uber’s original plan for a car-service app in 2008, it wasn’t until the second-to-last slide that they heard delivery could be another moneymaker for the business. Ten years later, delivery is no longer an afterthought. According to projections from its CEO, Dara Khosrowshahi, Uber Eats is on track to deliver some $10 billion worth of food worldwide this year, up from an estimated $6 billion-plus last year.
Dara Khosrowshahi, Uber’s CEO, has left much of Eats to Jason Droege : “Honestly, I’m there to do the corporate grunt work,” he says.But despite the growth, Uber Eats is losing lots of money, and even Khosrowshahi doesn’t know when it will be profitable. Potential Uber investors will have to decide: Is food delivery a smart bet on future growth or a fool’s errand in a crowded market?
Its largest competitor, publicly traded Grubhub, has proved you can make a profit in this business. That success has made it a formidable rival, and it’s not the only one: Just in the U.S., Uber competes against Square subsidiary Caviar, well-capitalized startups DoorDash and Postmates, and the potential giant in the wings, Amazon.
But just as Uber Eats was getting traction, Uber’s executive team fell apart in the wake of reports of sexual harassment, gender discrimination and questionable business ethics. Ultimately, Kalanick was ousted, and other groups, like self-driving cars, lost their department heads. But Droege and his team of nearly 2,000 remained mostly unscathed. He admits it was a “tough year,” but he told his team to keep their heads down and execute.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
The Land of Immortals: How and what Japan's oldest population eatsIf you ask anyone in Okinawa why they live so long, you will doubtless hear two words: ikigai and moai. Here's how Japan's oldest population thrives:
और पढो »
Uber's Kalanick, directors win dismissal of investor lawsuitTravis Kalanick, the co-founder of ride-hailing company Uber, and the company&0...
और पढो »
Lyft sinks 12%, falls below IPO priceLyft's market debut offers something of a gut check for Uber, Slack and Pinterest.
और पढो »
Poland plans stricter rules for transport companies like UberPoland will require Uber to use licensed taxi drivers from next year, under a pl...
और पढो »
New bill aims to improve Uber, Lyft safety in wake of college student's killingSouth Carolina lawmakers introduce bill requiring illuminated signs in Ubers and Lyfts. The move comes in response to the killing of a student who police say was murdered after getting in a car she thought was her Uber.
और पढो »
Washington state man accused of posing as Uber driver, raping Seattle womanA Washington state man has been arrested after being accused of posing as an Uber driver and raping a woman outside a Seattle bar.
और पढो »
How Uber and Lyft riders can stay safe after Samantha Josephson’s deathThe University of South Carolina student entered the car of a man she mistook for her Uber driver, police said.
और पढो »
A Murdered College Student’s Family Is Calling On Uber And Lyft To Make Rides SaferAt her funeral, the 21-year-old’s cousin asked ride-sharing companies to “provide safeguards to the mistakes that are easily made, the mistake that took Sami from us.”
और पढो »