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Ubereats Latest News

Uber Technologies has reported a loss of $1.78 billion in its Q2 2020 earnings owing to lockdowns imposed across the world thanks to the COVID19 pandemic. This has impacted its core ride-sharing massively. Year on year, its ride-sharing business collapsed by 73% compared to Q2 of 2019. On the bright side, with people staying in more, its UberEats, food delivery business, grew massively.
Uber Eats Generates More Than Double The Revenue Of Its Core Ride-Sharing Business
Food prices are set by the restaurants according to their menus, while UberEATS plans to charge customers a nominal delivery fee of Rs 15 per order inclusive of taxes
Uber Launches Food Delivery Business UberEATS In Mumbai
Uber is planning to raise $1.5 billion - $2 billion in the next round of funding. If the ride-sharing company manages to raise that amount, it will become worth about $50 billion, which could give it the status of the most valuable venture-backed startup.
Uber Aims to Raise $2 Billion; Expected Valuation to Touch $50 Billion
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