Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 17 2018

Uber deliberately invests in Uber Eats and high-potential markets

Having a $6 billion run rate, Uber Eats business is growing 200% per year.

Despite the cab-hailing app Uber saw its losses widening year-on-year in the June 2018 quarter, it is still deliberately investing in products like Uber Eats and Pool as well as high-potential markets in Middle East and India. Uber's June 2018 quarter net revenue was $2.7 billion while gross bookings were $12 billion.

India and Middle East markets present long-term growth opportunities for Uber's rides as well as Eats businesses given the large, growing urban population. Having a $6 billion run rate, Uber Eats business is growing 200% per year.

Dara Khosrowshahi, Uber’s CEO, said, "Going forward, we're deliberately investing in the future of our platform: big bets like Uber Eats; congestion and environmentally friendly modes of transport like Express Pool, e-bikes and scooters; emerging businesses like Freight; and high-potential markets in the Middle East and India where we are cementing our leadership position".

Comment
image
Related opportunities
  • Automobile maintanance related
    About Us: Since 1968 Koch-Chemie has stood for high-quality cleaning and..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Other Vocational Training
    INSD Featured as a cover story in Franchise India Dec..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Bars, Pubs & Lounge
    About Us: A multi-award winning, trendy resto-bar by Rachel Goenka, located..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Payment Solution services
    About Us: Mswipe Technologies Private Limited is engaged in the business..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size
    Space required -NA-
    Franchise Outlets Less than 10
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities