Showing posts with label food delivery business. Show all posts
Showing posts with label food delivery business. Show all posts

Monday, 25 November 2019

Zomato plans to take over ubereats for $500 million



Zomato plans to take over ubereats for $500 million but the final deal for UberEats has not been fixed.

In India UberEats serves about 2, 50,000-3, 00,000 orders in a day while Zomato and Swiggy get around 2- 2.5 million orders in a day. Average order value on UberEats is significantly lower at 2 dollars per order as compared to Zomato and Swiggy’s 3-4 dollars.

It is an attractive deal for Zomato as it would help to strengthen its market presence in India and also gain significant advantage over their competitor Swiggy.


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