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MoneyUber Eats doesn’t plan on eating its competition — for now

13:35  11 september  2019
13:35  11 september  2019 Source:   vox.com

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Instead of consuming its competition , he said, Uber Eats is focused on organically growing the business and expanding its own offerings, like adding groceries and other options to its restaurant delivery and rides businesses. “We think that that’s complementary with food delivery.

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Uber Eats doesn’t plan on eating its competition — for now © Keith MacDonald for Vox Media Unlike other food delivery companies, Uber Eats doesn’t have any plans to gobble up the competition.

Food delivery companies might be buying each other up right and left, but that’s not on the menu for Uber Eats.

“It’s not my strategy right now,” Jason Droege, vice president of Uber Everything, the vertical in charge of Uber Eats, told Recode’s Jason Del Rey and Kara Swisher Tuesday at the Code Commerce conference in New York City.

Uber Eats doesn’t plan on eating its competition — for now © Getty

“We don’t really think about the business that way, at least I don’t,” Droege said of whether he would acquire other food delivery companies. “My personal background — I’m typically in early-stage, I’m a builder. The business isn’t even four years old yet. Let’s just execute and get the business right. And if we do that, then if there’s opportunities to [acquire other businesses] then fine.”

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Where Uber Eats gets its advantage is the number of new buyers it enjoys versus the other apps. Uber Eats saw order growth of 196.4 percent year over year New Uber Eats buyers are very loyal to the service. These consumers spent 53.6 percent of their food delivery dollars with Uber Eats , which is

Uber Eats doesn’t plan on eating its competition — for now © Getty

Instead of consuming its competition, he said, Uber Eats is focused on organically growing the business and expanding its own offerings, like adding groceries and other options to its restaurant delivery and rides businesses.

“We think that that’s complementary with food delivery. And then you put rides in there and you get a city OS [operating system], if you will, or a remote control for your city, and you can get all the things you might transact within your city. I’m excited about that.”

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Uber Eats doesn’t plan on eating its competition — for now

Uber, which just laid off more than 400 people and whose market capitalization is half the price it was valued at on the private market now that it’s gone public, has also been trying hard to save money. The company lost more than $5 billion last quarter on revenue of $3 billion.

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While Uber Eats rates well with its merchants and customers, the company does face an uphill battle to reign supreme over all the food delivery services. Uber Eats still faces stiff competition for market share. GrubHub is a behemoth while Door Dash and Postmates have reportedly decided to merge.

Uber Eats Instagram Competition Terms & Conditions. 1. Information on how to enter and the prizes form part of the terms and conditions of entry. 5. To enter, eligible individuals must upload a photo to Instagram of their meal ordered through the Uber Eats platform with the hashtag # UberEats .

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