The Power Hands of Uber Eats: Who is the Present Owner?
Who are the owners of Uber Eats? Over time, power must have changed hands from Garret and Travis, and there’s just one way out: by digging in.
Well, is there a new owner, or rather, who are the owners of Uber Eats? The popular food delivery service is based fully on online meal ordering and delivery business, which was introduced by Uber in 2014.
This brought about several techniques in the field of transportation, like automobiles, scooters, bikes, and even walking. It has grown from barely ten buildings to operating in over 6,000 cities across 45 countries.
With the aim to provide nothing but excellent food services, it still cooperates with local restaurants on a daily basis to serve meals to its clients in areas where it operates.
Sadly, in 2020, the firm was sued for antitrust pricing manipulation, which included requiring restaurants to charge the same price for delivery as for dine-in if they wanted to be listed on the Uber Eats app. They claimed there was an imposed fee ranging from 13 to 40% of revenue.
Who then is the Owner of Uber Eats?
It started out as Uber and became a brand on its own in 2014, and this was the idea of two brilliant minds, Garrett Camp and Travis Kalanic.
There also was the help and initiative of another, Oscar Salazar, one of Uber’s top shareholders.
Garrett Camp and Travis Kalanick are equal co-founders of Uber, the ride-hailing startup launched in 2009, running operations and expansion in the ride-sharing service.
Does Uber Eats Have a New CEO?
Yes. Over time, Garrett and Travis moved Uber Eat’s steering to Dara Khosrowshahi, who is today Uber’s Chief Executive Officer.
He has managed the company’s operations in over 70 countries since 2017, and he also founded Expedia, one of the world’s largest online travel companies.
After taking over as Uber CEO in August 2017, following co-founder and billionaire Travis Kalanick, he was once seen as a “dark horse” possibility if the early frontrunners, General Electric’s Jeff Immelt and Hewlett Packard Enterprise’s Meg Whitman, pulled right through.
When Immelt flubbed his presentation, Immelt’s original supporters put their weight behind Khosrowshahi. Then, in May 2019, Khosrowshahi oversaw Uber’s initial public offering, which he discussed with staff in a company-wide letter.
Uber Technologies Inc announced in 2023 that Khosrowshahi’s overall compensation increased by 22% last year to $24.3 million.
Leaving him on the list of “Prominent Iranian-Americans” released by the United States Virtual Embassy in Iran. The net worth of the Iranian-American businessman today is at least $170 million, aside from assets and investments.
Is Uber Eats a Separate Company from Uber?
Yes, Uber Eats provides different services than Uber, and this is because the food delivery service was birthed from Uber, and yet, both focus on different lines of business.
Uber is a technology that helps to establish and maintain multisided platforms that connect consumers looking for rides and independent ride providers with other modes of transportation, such as public transportation, bikes, and scooters.
On the other hand, Uber Eats is a meal delivery web platform launched by Uber in 2014 to handle food ordering and delivery only. The food service is linked to thousands of restaurants and delivery partners worldwide.
Both services share one thing in common, though, delivering properly, but then Uber Eats focuses on meal deliveries with bikes, automobiles, and scooters, operating in over 6,000 locations across 45 countries.
The Uber drivers handle the meal delivery procedure, which often takes only a few minutes per trip.
Does Uber Eats Have ShareHolders?
Absolutely! They are Morgan Stanley, Fmr Llc, Vanguard Group Inc, BlackRock Inc., JPMorgan Chase & Co, Public Investment Fund, and VTSMX – Vanguard Total Stock Market Index Fund Investor Shares.
There’s also Wellington Management Group Llp, AGTHX – GROWTH FUND OF AMERICA Class A, and State Street Corp, which are the company’s largest shareholders.
Uber charges a 30% commission on orders delivered by Uber drivers, 16% when restaurant workers deliver orders and 6% for pick-up services.
Lastly, it is Uber Eats’ principal source of revenue because the food business is required to pay a fee for each order received through the app.
Bottom Line
Uber Eats is an online food ordering and delivery service that Uber launched in 2014, offering services via autos, scooters, bikes, and walking. It serves about 6,000 cities in 45 countries.
The aim is to offer nothing short of excellence when it comes to delivery services, as they partner with restaurants each day to provide meals to its customers in the locations where it operates.