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Latest Articles in Uber Eats

Uber Cuts Losses From Eats Business In India With Sale To Zomato

Zomato, valued at around USD 3 billion after raising money from Ant this month, will take over Uber Eats’ operations from Tuesday.

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Uber Sells Indian Food Delivery Business To Zomato In Move To Cut Losses

Zomato, valued at around $3 billion after raising money from Ant this month, reported a loss of $294 million for the year ended March 2019. Swiggy made a loss of $330 million.

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Uber Sells Indian Food Delivery Arm To Ant Financial-Backed Zomato

Uber Eats in India will discontinue operations, and direct restaurants, delivery partners and users to the Zomato platform from Tuesday.

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Uber's Quarterly Loss Widens As Costs Rise; Shares Fall

Overall, the company’s net loss widened to $1.16 billion in the quarter ended Sept 30, from $986 million a year earlier.

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