June 17, 2016    1 minute read

Uber Expands Food Delivery Service To Crowded London Market

   June 17, 2016    1 minute read

Uber Expands Food Delivery Service To Crowded London Market

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

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