Uber is demonstrating its global ambitions beyond just car-hailing services by expanding its food delivery business in Europe. Uber has introduced UberEATS in London, the second European city where it’s available after Paris.
Trader’s remarks: Uber has been aggressively expanding around the world as it attempts to add users and justify it’s lofty $62.5 billion valuation. UberEATS is a standalone app allowing customers to order food from different local restaurants. The design is similar to Uber’s ride-hailing app and shows customers the status of their order so it can be tracked.
What to watch: Uber, Just Eat, Deliveroo