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Uber in talks to sell UberEats’ India business to Zomato
- ishan001 7y agoOh, that sucks. I am going to miss the huge discounts it offers over its competitors.
- godzillabrennus 7y agoI agree. It’s sad that SoftBank isn’t interested in subsidizing our lives anymore.
- batiudrami 7y agoI'm surprised Zomato isn't circling the drain. They killed the only reliable and popular restaurant review website in my city when they bought Urbanspoon [1]. Now all we have is Google Maps where everything has five hundred reviews and 4.3 star average because they use Google Opinion Rewards to populate it. [1] https://trends.google.com/trends/explore?date=all&geo=AU-WA&q=zomato,urbanspoon,yelp https://trends.google.com/trends/explore?date=all&geo=AU-WA&...
- sdnlafkjh34rw 7y agoI believe they are doing well in India. It's the main review site there.
- p1necone 7y agoThey also seem to be the main one in Auckland, New Zealand
- hiyer 7y agoReviews and listings seem to be taking a backseat now in India as well. A couple of years back you could expect to see a new restaurant listed and its menu posted within a couple of days of opening. Now it often takes months.
- jatins 7y agoDefinitely bad for consumers in the long run to have less competition. But Uber just never seemed to invest in Eats. The app was slow and dated, and basic things like adding an address required whole lot of gymnastics. Not to mention it was available in far fewer cities than Swiggy/Zomato
- Oreoil 7y agoUber's ride-hailing business is not yet profitable, and Uber's co-founder Travis Kalanick has continued to cash out and sell 8.4 million shares for multiple consecutive times, with a total price of more than $ 250 million. For Uber, which is still in a special period, the risk of continuing to invest in subsidies on the takeaway is greater than the direct investment team.
- LosAng 7y agoUber's ride-hailing business is not yet profitable, and Uber's co-founder Travis Kalanick has continued to cash out and sell 8.4 million shares for multiple consecutive times, with a total price of more than $ 250 million. For Uber, which is still in a special period, the risk of continuing to invest in subsidies on the takeaway is greater than the direct investment team.
- sytelus 7y agoUber will stand in history as another example where investors took over the founder and tried to squeeze out all profits as soon as they possibly can while squashing away all extravagant outrageous ambitions. Uber used to be the flagbearer of the logistics revolution in the world, now reduced to operational excellence for a mere cab-hailing app for the sole purpose of maximizing shareholder value.
- konschubert 7y agoUber was always a mediocre business. It’s becoming visible now, but that’s a matter of time, not the fault of the CEO.
- sbmthakur 7y agoNever used Uber Eats. It seems that Swiggy and Zomato have been largely successful in retaining their users.