Uber has shared invite for an event on May 2nd where it is set to launch UberEats food delivery service.This development is the follow up of the announcement made earlier this year.
The invite says, ” Psst! Something is cooking! Get ready for a lip smacking time”, however it does not give out any other details.Uber had already launched the service last year in the USA.
Restaurants can tap into the Uber delivery network to expand their businesses and reach a new network of potential customers. According to UberEATS restaurant partner and delivery partner forms, it could be coming soon to Bangalore, Chennai, Delhi NCR, Hyderabad, Kolkata and Mumbai soon.
The business of delivering restaurant meals to the home is undergoing rapid change as new online platforms race to capture markets and customers across the Americas, Asia, Europe, and the Middle East. Although these new Internet platforms are attracting considerable investment and high valuations—already, five are valued at more than $1 billion—little real knowledge about market dynamics, growth potential, or customer behavior exists.
Worldwide, the market for food delivery stands at €83 billion, or 1 percent of the total food market and 4 percent of food sold through restaurants and fast-food chains. It has already matured in most countries, with an overall annual growth rate estimated at just 3.5 percent for the next five years, reports McKinsey &company in Nov 2016.
The online food delivery market is getting crowded in India. According to a latest report from research firm RedSeer, India’s online food delivery market comprising aggregators and internet kitchens grew at 150 per cent in 2016 with an estimated GMV of USD 300 million.
Restaurants can tap into the Uber delivery network to expand their businesses and reach a new network of potential customers. According to UberEATS restaurant partner and delivery partner forms, it could be coming soon to Bangalore, Chennai, Delhi NCR, Hyderabad, Kolkata and Mumbai soon.
The business of delivering restaurant meals to the home is undergoing rapid change as new online platforms race to capture markets and customers across the Americas, Asia, Europe, and the Middle East. Although these new Internet platforms are attracting considerable investment and high valuations—already, five are valued at more than $1 billion—little real knowledge about market dynamics, growth potential, or customer behavior exists.
Worldwide, the market for food delivery stands at €83 billion, or 1 percent of the total food market and 4 percent of food sold through restaurants and fast-food chains. It has already matured in most countries, with an overall annual growth rate estimated at just 3.5 percent for the next five years, reports McKinsey &company in Nov 2016.
The online food delivery market is getting crowded in India. According to a latest report from research firm RedSeer, India’s online food delivery market comprising aggregators and internet kitchens grew at 150 per cent in 2016 with an estimated GMV of USD 300 million.
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