Uber said this milestone marks a significant step in Uber Eats' journey, while also underscoring the role of the India engineering support centres in the growth and evolution of the business
Shares of the company were up nearly 6% in premarket trade, as it also raised its quarterly dividend by 25% to $1.51 per share and announced an additional $1 billion share buyback plan
Revenue increased 15% to $9.94 billion, ahead of estimates for $9.78 billion
The government has not calculated the cost of the planned welfare measures as it must get data from the companies
Domino's Pizza said on Wednesday it's partnering with Uber Eats to make deliveries in the US and 27 international markets. It's a major reversal for the world's largest pizza company, which has long said that working with third-party apps didn't make economic sense because it employs its own drivers. Under the agreement, Domino's drivers will still make the deliveries that customers order via Uber Eats. Ann Arbor, Michigan-based Domino's wouldn't say what percentage Uber Eats will take from each order. The partnership will be piloted in four US markets starting this fall and is expected to be available nationwide by the end of 2023, Domino's said. Domino's CEO Russell Weiner said in a statement that third-party delivery operators have reached such a large scale that it makes sense for Domino's to partner with them. Weiner said Uber Eats will provide access to new customers for Domino's. The company has been struggling with higher food costs, labour shortages and increasing compe
Uber's efforts to make every product on its platform user-intuitive have yielded several innovations over the years from its India-based engineering teams spread across Hyderabad and Bengaluru
Swiggy started the Access platform between 2017 and 2019 with an investment of Rs 175 crore; announcements were made to infuse an additional 75 crore by March 2020, pandemic derailed expansion plans
Live Activities for Uber was first spotted by a user on Reddit, who saw the option appear during an Uber ride
Ride-hailing major Uber will pay millions of dollars as settlement with the City of Chicago in the US for listing local restaurants in food delivery apps Uber Eats without consent
The company said that 100 per cent of surcharges will go directly to drivers and delivery people
Uber Eats will list cannabis retailer Tokyo Smoke on its marketplace on Monday, following which customers can place orders from the Uber Eats app
The Russian internet giant will own 100% of Yandex.Eats, Yandex.Lavka and Yandex.Delivery, as well as a self-driving venture that operates cars and drones, according to a statement Tuesday
Meal delivery has been one bright spot for Uber amid the pandemic, as bookings in its Uber Eats division rose 135 percent year-over-year in the third quarter while its ride-hailing segment dropped 50%
The Deepinder Goyal-led firm's total expenses for the fiscal were reported as Rs 5,006 crore. Zomato is gearing up for an IPO this year
Ride-hailing trips, in the past responsible for nearly two-thirds of Uber's revenue, increased 5 percentage points from their low in April, but gross bookings remained down 75% from last year
Founded in 2011, San Francisco-based Postmates accounted for 8% of the U.S. meal delivery market in May, according to analytics firm Second Measure
Cloud kitchens are essentially low-cost models where kitchens in places with cheap real estate are rented out, and from which deliveries are fulfilled mostly through an aggregator.
Demand for the Eats business grew 89 per cent in April, excluding India, and we've seen an enormous acceleration in demand since mid-March, Khosrowshahi said
In the list of commercial and private establishments that are exempted from restrictions include e-commerce, pharmaceutical, and other essentials
Supreme Court on Tuesday agreed to list the 'modification petition' filed by Bharti Airtel, Vodafone Idea and Tata Group for 'sometime next week'