Uber all set to sell UberEats’ India business to Zomato

Uber  is in advanced stages of talks to sell its food delivery service UberEats’ India business to local rival Zomato  as the American ride-hailing giant looks to cut its global spending, three people familiar with the matter told TechCrunch. The deal currently values UberEats’ India business at around $400 million, one of the sources said. As part of […]

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 […]

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 […]

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 […]

Uber is reportedly close to making a tactical exit from India’s food delivery industry

Uber  has said adamantly that it won’t exit India (or any more markets) following a hat-trick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business? The answer could well be yes. If media reports are right, Uber is on the cusp of a tactical exit from India’s food delivery industry. India’s Economic Times is […]

In brief: Swiggy set to acquire Uber Eats in India

The deal, which is expected to close by next month, will be Swiggy’s largest acquisition to date. Uber is said to be cutting costs in preparation for an IPO later this year, with some estimates valuing the ride-hailing giant at US$120 billion. In recent years, it has sold regional operations – including food delivery – […]

Uber Eats close to selling Indian food delivery business to Swiggy: ET

(Reuters) – Uber Eats, the food delivery arm of ride-hailing app Uber Technologies Inc, is close to a deal to sell its Indian business to Bengaluru-based Swiggy, the Economic Times reported on Friday. The share-swap deal is expected to close by next month and will give Uber a 10 percent stake in food delivery service […]

India’s Swiggy goes beyond food to offer product delivery from local stores

Swiggy,  the Indian food delivery service, has made its much anticipated moved into general deliveries today after it announced its new ‘stores’ product. The move has been speculated since as early as 2017, but recent developments have taken the company closer towards the expansion. Last September, Swiggy picked up delivery service SuprDaily in an acquisition while the company went on to […]

Swiggy Acquires AI Start-up Kint.io, as Competition With Zomato And Uber Eats Heats up

Online food ordering and delivery app Swiggy on Monday announced it has acqui-hired Kint.io, an Artificial Intelligence (AI) start-up that applies deep learning and computer vision for object recognition in video, for an undisclosed sum. Founded in 2014, the Bengaluru-based start-up would assist Swiggy in boosting its computer-vision technology and consumer experience. The founding members […]

Swiggy is on top of the online food chain, shows survey

Bengaluru: Online food ordering and delivery startup Swiggy, run by Bundl Technologies Pvt. Ltd, emerged on top in trust and customer satisfaction in a food-tech survey by research firm RedSeer Management Consulting Pvt. Ltd. According to the latest edition of the RedSeer FoodTech Leadership Index (FLI), Swiggy ranked no. 1 with a total score of 96, outscoring […]