UberEats, Swiggy, & Zomato slug it out in the food delivery industry
Category: #retail  By Saif Ali Bepari  Date: 2018-05-18
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UberEats, Swiggy, & Zomato slug it out in the food delivery industry

In what may be touted as the recurrence of the meal delivery business scenario between 2014-15, online food delivery startups are once again witnessing cut-throat competition and hyper funding. As per reliable reports, both Swiggy and Zomato are in talks to secure USD 200 million each from risk investors, while Uber is expected to pour in USD 200 million into its food delivery business in India, UberEats.

Sources familiar with the developments revealed that there is almost USD 800 million to USD 1 billion of funds that would be allocated among the four companies – UberEats, Zomato, Swiggy, and Foodpanda. While the former three have been striving to slug it out in this business, Foodpanda has a far bigger war chest under the aegis of Ola. Moreover, the cash burn is likely to intensify at a faster pace as each one of them wants to outdo the other.

Reportedly, Zomato is in talks with Alibaba to shore up its finances, while Uber has planned to expand in tier-2 cities of India. Speaking on the escalating investments in India’s online food delivery business, the Head of UberEats, Bhavik Rathod was quoted stating that the nation is the fastest-growing market in the APAC and remains one of the key markets for Uber.

As per reliable sources, Swiggy is in talks with the Chinese food review and delivery firm, Meituan-Dianping along with Coatue Management and Yuri Milner’s DST Global to wrap up a new USD 200 million financing round. Reportedly, three of these investors would now compete with Foodpanda which has been recently acquired by Ola. The home-grown ride-hailing giant has previously announced that it has set aside USD 200 million to expand the operations of Foodpanda.

According to trusted sources, Swiggy has been leading the online food delivery business in India with the company reportedly registering about 10 million orders each month. Zomato, on the other hand, has been clocking in about 7.5 million orders monthly. The latest numbers for UberEats stood at approximately 20,000-25,000, while Foodpanda garnered 40,000 orders.



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Saif Ali Bepari

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Saif Ali Bepari

Saif Ali Bepari currently works a content writer for Market Size Forecasters, Algosonline, and numerous other platforms. A Computer Science graduate who has a zest for writing over coding, he has previously dabbled into technical and creative writing. He now pens down...

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