Uber Eats to pull out of South Korea amid tough competition

SEOUL (Reuters) – Uber Technologies Inc’s (UBER.N) restaurant delivery business will terminate its service in South Korea, Uber Eats said on Monday. Facing intense competition in the world’s No.4 online food delivery market, the U.S. company is struggling to revamp its brand in South Korea. “After two years’ partnering with local restaurants to offer convenient, […]

Amazon Planning to start online food delivery service in India Very Soon

Amazon India is Launch their upcoming project in India To Start Online Food Delivery Service very soon, it’s Aiming to launch the Service in India very Soon, before the start of festive Season which kicks off in September. After building a Strong Base with its World class ecommerce and And Prime Streaming Content In India, […]

Amazon To Acquire Foodpanda To Strengthen Prime Now?

The global e-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) is coming up with a major food delivery business plan in India. Some close sources to the company reported that Amazon’s Prime Now might be a primary resource for its online food delivery plan. Some media reports have suggested that Amazon might collaborate with Ola’s Foodpanda for its new food […]

How Indian restaurateurs united on WhatsApp in five hours to fight food-delivery apps

India’s restaurants are at war with food delivery apps. Since Aug. 15, over 2,000 restaurants across India have pulled out ofthe membership or table reservation programmes of leading food-tech ventures such as Zomato, Dineout, and EazyDiner, protesting deep discounting practices. The National Restaurant Association of India (NRAI), an industry body of over 500,000 restaurants, is leading this […]

We are number 3 in the food-delivery market, there’s a big lift ahead of us: Uber

Swiggy and Zomato are burning close to $30-$40 million each month on discounting, logistics and acquisition of restaurants. The food delivery market in India remains “competitive” and it is the number three player in a market dominated by Swiggy and Zomato, Uber has said.  “Right now the market is very, very competitive. We want to be number one […]

Amazon may buy Uber Eats India business, plans to include food delivery to prime app

Amazon India is holding talks for a potential buyout of the local unit of food order and delivery platform Uber Eats. Meanwhile, the discussions are reportedly in their early stages where the two sides are possibly looking to explore a strategic alliance. The e-commerce major is keen on entering the food delivery business in India […]

India’s Ola switches gears on its food delivery business Foodpanda

India’s Ola, which has expanded to select international markets and set ambitious goals for its electric vehicles business, is struggling with selling food. So it is making major changes to its food business. The ride-hailing giant is pivoting Foodpanda,  the Indian business of the food delivery startup it acquired in late 2017, to focus on in-house food brands, sources familiar with […]

Ola suspends Foodpanda’s food delivery business, trims staff count: report

Ola wants to focus on its cloud kitchen business it launched after Foodpanda took over Mumbai-based food-tech startup Holachef in October last year. Cab aggregator Ola which acquired Foodpanda 18 months ago has suspended the company’s food delivery business, sacked around 40 mid-to entry-level employees and ended the contracts of about 1,500 food delivery executives. […]

Zomato, Swiggy, UberEats effect: More street food vendors going online as demand grows

Street food vendors, roadside eateries and dhaba operators are increasingly turning to sell food online, as the new-age aggregators such as Zomato, Swiggy and UberEats distort the food sector, prompting unorganised vendors to catch up, says a report. Also driving the shift of the unorganised players to the organised sector is opening up of international […]

Singapore’s Grain, a profitable food delivery startup, pulls in $10M for expansion

Cloud kitchens are the big thing in food delivery, with ex-Uber CEO Travis Kalanick’s new business one contender in that space, with Asia, and particularly Southeast Asia, a major focus. Despite the newcomers, a more established startup from Singapore has raised a large bowl of cash to go after regional expansion. …It adopted a cloud kitchen model […]