Uber, the San Francisco-based ride-hailing company, finally launched its on-demand food delivery service, UberEATS, in India last week — the fastest-growing market in the world. UberEATS is starting off its operation in Mumbai before expanding to other major Indian cities such as Bengaluru, Hyderabad, Pune, Chennai, and Gurugram.
The company first debuted UberEATS back in 2014 in Los Angeles, and today it has expanded to 71 cities with 40,000 restaurant partners. In India, it currently has 200 restaurants on its platform and allows consumers to schedule orders, curate restaurants, track delivery, and personalize according to dietary preferences. Payment processing will be done via Paytm, which also handles payments for Uber’s ride hailing app. There will be a flat fee of Rs. 15 (23 cents) for delivery and there won’t be any minimum order amount. The Indian market
The Indian foodtech market has been tumultuous over the last three years. In 2016 the sector received less than $80 million in funding compared to $500 million in 2015. Still, the market grew by 150 percent in terms of order volume amidst the capital crunch, shutdowns, and layoffs. However, there is an inherent problem with the Indian food delivery businesses that are trying […]