Bon Appétit

Amazon plans to take over Uber Eats India

Amazon India is in talk with the prominent food order and delivery app Uber Eats for a potential buyout. Although, the talks are at the early stage and the two sides are keenly looking for an alliance in the business.

Amazon India is looking forward to expand its footprint in India through its business. The e-commerce giant is interested in entering the food delivery business in India to increase the list of services offered by the company, particularly under the prime membership plan.

At present, Zomato and Swiggy are the two leading food order and delivery platforms across India. These two platforms have a large clientele and Amazon is constantly looking to breach it, to add them on its prime membership programme.

As per the reports, prime membership plan has around 10 million users. Getting into the food delivery business will increase the number of app users.  In addition to this, it will engage more users on daily basis as well as boost the number of transactions.

According to the sources, Uber Eats is valued around $300 million. Initially, Swiggy was in talks for the buyout with Uber Eats, but the two companies failed to fix the deal.

Uber Eats is constantly under pressure because of a tough challenge from its two rivals – Zomato and Swiggy. Zomato is trying to grip over the market through its Zomato Gold programme while Swiggy is trying to evolve itself as a big grocery delivery platform in near future.

It is estimated that Zomato delivers around 6,50,000 orders while Swiggy continues to remain on the top by delivering around 8,00,000 orders per day. On the other hand, Uber Eats could only manage to delivery around 1,75,000 orders per day. 

For more latest business news in India stay connected with Newshour.

Recent Posts

Crush Khalistani movement. But with empathy, not hostility

Amritpal Singh, the Waris Punjap De chief and a Khalistani sympathiser, has been on the…

7 hours ago

Rahul Gandhi’s arrest may be a blessing in disguise

On March 23, a court in Surat convicted Congress leader Rahul Gandhi of criminal defamation…

1 day ago

India intensifying effort to promote green energy despite complex challenges

The world’s population pecking order is on the verge of changing. As per latest UN report,…

1 day ago

Will LGBTQIA+ ever be free? A big question mark on selective rights for LGBTQIA+

India is a democratic nation where no individual is deprived of their rights, but apparently,…

1 week ago

Bheed: When Lockdown Became a Dark and Sad Reflection of Partition

Bheed, an upcoming drama movie by Anubhav Sinha, shot in black-and-white, depicts the country's gloomy…

2 weeks ago

India Makes History: Naatu Naatu bags Oscar for Best Original Song

Billions of Indians rejoiced when the energetic dance track-Naatu Naatu from the movie RRR received…

2 weeks ago