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UBER FOODPANDA
Uber to buy controlling stake in Turkey's Trendyol GO food delivery business for $700 millionThe stake purchase from Turkish e-commerce firm Trendyol Group gives Uber control of a platform that serves customers nationwide, deliverin...- Amazon India gets funds; IT margins hitAmazon has ploughed fresh funds in its Indian marketplace entity. This and more in today’s ETtech Top 5.
- Delivery Hero in $1.25 billion deal with Uber for Foodpanda Taiwan sale, investmentUber will pay $900 million in cash to take over Foodpanda business in Taiwan. Delivery Hero will issue 8.42 million additional shares, whic...
- Uber India collective loss to hit Rs 3.8k croreNegative revenues could be caused by commission revenues being lower than the cost of delivery, high refunds to consumers and UberEats payi...
- Ola Foods has plans for its Khichdi ExperimentThe company plans to scale up these brands from six cities to tier 2 cities in the next year. Barring Khichdi Experiment, other brands incl...
- CCI calls meeting with restaurants’ body, EY to discuss ecommerce policyThe objective is to understand issues and trends in the context of growing ecommerce activities.
- Foodpanda’s private label outlets soonFirm confirmed it was moving away from a marketplace food delivery biz model.
- Food delivery platform Foodpanda plans to open physical outlets for its private label brandsThe company confirmed it was moving away from a marketplace food delivery business model, but declined to comment on expansion plans.
- Swiggy, Zomato in top gear as ride-hailing companies slow downOnly two food delivery firms in competition now as UberEats, Ola’s Foodpanda cut spends.
- Uber Eats India likely to end up on Swiggy’s plateThis is in line with Uber’s strategy to cut down on losses as it prepares for a IPO at a valuation of $120-150 billion.
- Ola cuts investment in Foodpanda, to narrow focus on cloud kitchen private labelsAs deep-pocketed rivals corner pie, firm plans to make its private label brands the pivot of growth
- NRAI raises concerns over deep discounting, data masking with Swiggy, Zomato, othersThe restaurants' body said it flagged issues regarding misuse of dominant position, in a meeting with the app-based food ordering and deliv...
- Zomato scales revenue by 40% even as losses fall 73%; Founders see salary hikesThe firm`s focus on other business verticals led to a slowdown in the growth of its largest revenue churning vertical - advertising which n...
- India fastest growing market for UberEatsUberEats has grown seven fold in order volume in the past six months in India where it adds over 4,500 delivery partners each week
- Uber Eats ties up with Cafe Coffee Day to create India's largest virtual restaurant networkAs part of the partnership, Uber Eats will provide CCD with data, analytics and insights around popular food and cuisines.
- Zomato in talks with Alibaba for funds, UberEats allocates $200 million for IndiaSources close to the discussions said Zomato is talking to Alibaba while Swiggy is close to wrapping up a new $200-million financing round ...
- Ola's parent company to park Rs 400 crore to boost Foodpanda India logistics & techFoodpanda India was acquired by ANI Technologies, which also owns and operates ride-hailing app Ola, from Delivery Hero Group in a stock de...
- Ola gains a sizeable entry into food delivery segment with FoodPanda acquisitionThe move will also see Ola invest another $200 million, as it takes on rival UberEats and incumbents like Zomato and Swiggy.
- Samosa chole, aloo tikki burger most ordered on UberEATS IndiaLaunched earlier this year in India, UberEATS is available in six Indian cities currently.
- Uber, Foodpanda and ZO Rooms form partnership to enrich travellers experienceUber, Foodpanda, and budget hotel chain ZO Rooms are joining together to enable a seamless experience for travellers to travel, eat, and st...
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