Related
- Uber CEO Dara Khosrowshahi's mother wouldn't buy a cup of coffee worth 15 cents
- Goa-ing gourmet: The land of surf and sand is looking at uber-food experiences
- Not all work: Uber CEO Dara Khosrowshahi finally defied his Twitter bio and took out some time to play
- Uber CEO Dara Khosrowshahi's mother wouldn't buy a cup of coffee worth 15 cents
- Goa-ing gourmet: The land of surf and sand is looking at uber-food experiences
After an underwhelming debut at the New York Stock Exchange, Uber could do with some extra calories. The ridehailing company’s booking growth has been anaemic in the past few quarters, but it is banking on its Eats vertical to whet investors’ appetites and increase the company’s valuation. “When I first joined Uber, the company was more associated with ride-hailing and Eats was this interesting part-time endeavour. It has since exploded into a truly significant business,” Uber CEO Dara Khosrowshahi told a news magazine.
Before zeroing in on food, Uber tried to leverage its vast logistics network to peddle consumer goods like deodorant and diapers. The pilot project did not take off. However, the law of averages soon worked in favour of former CEO Travis Kalanick’s trial-and-error approach. On the day of its launch in August 2014, Uber Eats née Fresh sold hundreds of meals in an hour in downtown Los Angeles, much more than the eight deodorants it sold in a day.
Before zeroing in on food, Uber tried to leverage its vast logistics network to peddle consumer goods like deodorant and diapers. The pilot project did not take off. However, the law of averages soon worked in favour of former CEO Travis Kalanick’s trial-and-error approach. On the day of its launch in August 2014, Uber Eats née Fresh sold hundreds of meals in an hour in downtown Los Angeles, much more than the eight deodorants it sold in a day.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
...moreRead More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
...more