Uber-rival Bolt enters European food delivery business

Lyft's business has been hit harder by the pandemic than rival Uber, which has offset losses with its food-delivery business. Lyft went public in March 2019 at a price of $72 per share. Mario Tama/Getty Images Lyft on Tuesday reported $569.9 mi.....»»

Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial, limiting its exposure to a crowded market where it has struggled to grow......»»

Uber Technologies Inc. shares are up more than 5% in Monday morning trading after reports indicated that the company was near a deal to sell its Indian food-delivery arm to a local rival, as part of the company's attempts to be more rational when it .....»»

Estonia's Bolt, which until early 2019 was called Taxify, will on Tuesday re-enter the competitive London taxi market, promising cheaper rides to passengers and a better cut to drivers than its bigger global rival Uber Technologies Inc......»»

Uber Technologies Inc's restaurant delivery business has grown revenue to $1.5 billion in just three years, the company disclosed in its IPO filing on Thursday, dwarfing the revenue of its profitable, and already public, rival Grubhub Inc......»»

Less than two years after Uber Technologies Inc. entered India’s competitive food-delivery business, it’s in talks to sell its Uber Eats operations in the country to rival Swiggy, according to a person familiar with the negotiations......»»

Uber's announcement it will expand its f.....»»

Uber Technologies Inc's (NYSE: UBER) food delivery business Uber Eats has grown to become roughly "the same size" as the company's core ride-hailing business, former Uber Senior Vice President Emil Michael read more.....»»

As the rideshare and food delivery company dumps its noncore and unprofitable businesses in favor of taking investment stakes in the buyers, its business is increasingly taking this shape......»»

Uber is reportedly in talks to buy Grubhub. The coronavirus lockdown is boosting the food delivery business, but that could also raise the regulatory bar for a deal......»»

Lyft could be in for a rough ride with new debt and declines in ridership, while rival Uber looks to food delivery to bolster its bottom line......»»

If media reports are accurate that Uber Technologies Inc (NYSE: UBER) is in talks to acquire rival food delivery platform GrubH.....»»

Reuters / Valentyn Ogirenko Uber has made an offer to buy rival delivery service GrubHub, Bloomberg and the Wall Stree.....»»

Uber said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a clear route to becoming the number one or number two online food delivery operator, its stated aim for its Eats business......»»

Katie Canales/Business Insider San Francisco is limiting how much food delivery companies can charge local restaurants during the COVID-19 public health emergency. Thi.....»»

Uber Technologies Inc's food delivery business, Uber Eats, said on Monday it would waive delivery fee for independent restaurants across the United States and Canada......»»

Madeline Stone / Business Insider Gig workers for food delivery and ride-hailing apps are bracing for the spread of coronavirus. Because their jobs require on-d.....»»

Uber Technologies Inc. sha.....»»

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Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial......»»