Who Owns Uber Eats?
Though, one would be eager to know, who is Uber Eats owned by? It is interesting to say power has changed hands at the food delivery service, and this is because there’s an aim to do not just the usual but also nothing short of the best. The new owner is, well, you would have to find out.
Who is Uber Eats owned by? Well, first, it’s worth noting that every day, Uber works with various restaurants to offer the best soothing rides and help, at times, deliver sumptuous cuisines to people who order them, and this is where Uber Eats comes in.
It all started with the duo of Garrett Camp and Travis Kalanick, who created Uber, the parent business of Uber Eats, in 2009. With the launch in August 2014 via different locations like California and Santa Monica where, the start of the company into food delivery all began.
The growth became rapid with the use of couriers to deliver meals by automobile, scooter, bicycle, or on foot. Now, it operates in over 6,000 cities across 45 countries, providing nothing short of fast food, casual dining, and gourmet cuisine.
Regarding the new owner of the food delivery service, well, the change of steering hands has greatly influenced developments, bringing so much change from introducing an app to making things more accessible, as well as designated drivers, which also expands over time.
Stick to this guide as we dig deeper to really find out who the new steering hand is to Uber Eats and his massive ideas to do exploits.
Who Founded Uber Eats?
The birth of Uber Eats revolves around Garret Camp and Travis Kalanick, who also created Uber, the company Uber Eats came from back in 2009.
It all started shortly after they met at the LeWeb conference in Paris in 2008, and at that time, both parties were already successful in entrepreneurship. This was not too long after Travis sold his file-sharing company, Red Swoosh, to Akamai Technologies for about $19 million.
Garrett, on the other hand, was the co-founder of a web-discovery platform known as StumbleUpon before they both started the UberFRESH service in August 2009 in both California and Santa Monica. This led to the birth of Uber Eats, renamed in Toronto, in 2015.
Operations started swiftly in 2016 in London and Paris; then, the food service altered its flat $4.99 delivery cost to a distance-based rate with a price range of about $2 and $8.
Has there Been Any Development Since the Start of Uber Eats?
Of course! There have been ups and downs, which is expected in any business. Still, Uber Eats has pulled through starting from its first space delivery in December 2021, partnering with Japanese businessman Yusaku Maezawa.
This was to transport meals to the International Space Station, which began charging a fuel premium for delivery in the United States and Canada on March 11, 2022. During the COVID-19 outbreak, Uber Eats faced criticism for charging fast-food outlets a 30% to 35% commission.
But, it bounced back by teaming with Tesco, the UK’s largest retailer, in April 2022 to launch in 20 locations and guarantee one-hour delivery of orders. In December 2022, Uber Eats collaborated with Cartken, a self-driving 6-wheeled sidewalk bot in Miami, and this is a real technological innovation one can say.
The delivery system originated in Oakland, California, and will transport food and goods to Miami households; then, customers will be notified When their food arrives and proceed to receive it.
Who is the Current CEO of Uber Eats?
This has to be Dara Khosrowshahi, an Iranian-American business executive who was born on May 28, 1969. He used to be the CEO of Expedia Group, which controls multiple travel fare aggregators.
But now, he is the CEO of Uber and has overseen the company’s operations in over 70 countries since 2017. His tenure as the CEO of Expedia can be termed successful as he turned it into one of the world’s largest online travel companies.
Uber Eats said that it would cut its cost from 35% to 30% of the order value since it took control of the power ship as part of its development into international markets.
Recently, the food delivery service has announced plans to create virtual eateries in the UK. It is sometimes termed cloud restaurants or cloud kitchens, and these are restaurant kitchens staffed to produce and deliver food, something not one eatery has tried out!
Has Any Partnership or Acquisition Deal Pulled on Uber Eats?
Yes, and this brings us to Zomato. This is an Indian meal delivery company that bought Uber Eats in India in January 2020 as part of its expansion strategy in the nation.
The intention of this plan was to expand Zomato’s market share and strengthen its position against its primary competitors, which will also be beneficial to Uber Eats.
By acquiring Uber Eats, Zomato acquired access to a massive customer base and a vast network of restaurant partners, allowing it to provide clients with a broader selection of meal alternatives.
An Ending Note
Every day, Uber partners with many eateries to serve meals to passengers, which is where Uber Eats comes in. It all started when Garrett Camp and Travis Kalanick founded Uber, the parent company of Uber Eats, in 2009.
At that time, The UberFRESH service was the first service set up in August 2014 in Santa Monica, California, which brought about the company’s foray into food delivery. This continued until Uber Eats made its first space delivery in December 2021, teaming up with Japanese businessman Yusaku Maezawa to carry meals to the International Space Station, a huge landmark for development.
Most of this came into place when Dara came into the limelight as the new CEO of Uber Eats, which is a good sign of success.