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 …
Tag Archives: Asia
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 …
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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. …
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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 …
GrabFood eyes analytics, business intelligence for partners as it vies for superapp status
We project food delivery in Southeast Asia to grow over six times, into a US$13b market by 2022. According to a Nielsen report, ASEAN’s middle-class population is set to grow to 400 million individuals by 2030 – roughly the same size as China’s. Many of this new generation of young middle-class consumers are tech-savvy, having …
Swiggy, UberEats can’t tally numbers for a deal
Bengaluru: Swiggy and UberEats India have stalled their merger talks after months of negotiations as the two food delivery companies could not agree on the financial terms and taxation clauses of the proposed deal, three people aware of the matter said. Aside of the deal terms not being agreeable for both sides, sources said SoftBank, an …
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The World’s Greatest Delivery Empire
In Beijing, it’s often cheaper to have food delivered than to get it yourself. Like, way cheaper. Abey Lin, a 19-year-old Californian studying at Beijing Film Academy, uses his smartphone to order a local restaurant’s roast duck dish for 20 yuan ($2.99), about 80 percent less than it costs at the register, via delivery app …
Most Popular Delivery App in Saudi Arabia Lets Users Bargain With Couriers
Typing out your order on Mrsool is only the start of what’s made the Saudi delivery app more popular in the kingdom than Uber Technologies Inc. and Facebook Inc. The experience that follows recreates the bargaining of a traditional market. Once the customer picks out items from a store or restaurant, couriers bid to run the errand, offering a …
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Chinese Food Deliverer Meituan Is Learning Quickly From Early Mistakes
As long as Meituan Dianping is posting operating losses, any revenue figure that beats analyst estimates is irrelevant. That’s what happened late Monday. Fourth-quarter revenue of 19.8 billion yuan ($2.95 billion) surpassed even the highest of expectations, yet operating loss almost tripled to 11.1 billion yuan. Now that it’s a public company, the Chinese provider of food delivery, …
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