Who Owns Uber Eats? A Complete Overview of the Service
Then, to fill the curious space about who owns Uber Eats? The food delivery service may have different hands steered ever since it started evolving, but in this current time, who runs it? You’ll get an answer when you read on.
But before digging into more details about the meal service, who owns Uber Eats? It all started when it was founded and run by Uber Technologies Inc., a transnational transportation network corporation based in San Francisco, California.
Travis Kalanick and Garrett Camp launched Uber Technologies in 2009. The company has subsequently expanded into various services other than ride-hailing, such as food delivery, freight transportation, and electric bikes and scooters, bringing about Uber Eats in 2014.
Starting as a stand-alone meal delivery service in Los Angeles, California, it has experienced massive growth. It has now expanded to over 6,000 places globally, including major cities in North America, Europe, Asia, and Africa.
A Little Dito About Uber Eats
The service lets consumers buy meals from a range of local eateries using a smartphone app and deliver them to their door by an Uber Eats vehicle.
Being a subsidiary of Uber Technologies, Inc., the service functions as a distinct business unit with its dedicated team of personnel and leadership.
In early 2021, Dara Khosrowshahi became the CEO of Uber Technologies, while Pierre-Dimitri Gore-Coty is the CEO of Uber Eats. But that has all changed as Mr Dara has taken over the power control of the service.
Uber Eats makes money by charging a commission fee to participating restaurants for each order and a delivery fee to users.
How Does Uber Eats Run its Activities?
The commission price ranges from 15% to 30% of the entire order amount, depending on the location and type of restaurant.
Uber Eats also sells a monthly subscription service called Eats Pass, which includes unlimited free delivery and lower restaurant prices.
Overall, the food delivery service has become a popular food delivery choice for consumers around the world, contributing to the growth of the online food delivery business.
Who Owns Uber Eats Presently?
This hasn’t changed as Uber Eats is owned by Uber Technologies Inc., a multinational transportation network corporation headquartered in San Francisco, California.
It all started in 2009 as a massive idea from the brilliant minds of Travis Kalanick and Garrett Camp as Uber. Everything changed when the ball of expansion rolled in with other services like outside ride-hailing, such as food delivery and freight transportation.
Uber Technologies Inc. is a publicly traded business riding on the New York Stock Exchange (NYSE) under the “UBER.”
How Much Does Uber Eats Owner Make?
Being that Uber Eats still sits under the arms of Uber Technologies Inc., it will be difficult to certify the amount they make or even lose. There were reports about a total revenue generation of about $4.61 billion for Uber and $2.34 billion for Uber Eats.
It’s safe to say there are various reasons or circumstances responsible for those figures, as Uber Eats’ income does not translate to profit.
The company incurs large costs for food and delivery operations, marketing, and other expenses. Also, as a publicly traded company, Uber Technologies Inc. must publish its financial performance to shareholders.
Although, the precise financial information connected to Uber Eats is rarely split down individually for clarity and evidence’s sake if need be.
While it is difficult to quantify how much money Uber Eats’ owners make, it is clear that the service generates huge revenue for Uber Technologies Inc.
Who is the CEO of Uber Eats?
This clearly is no other person than Dara Khosrowshahi. He is an Iranian-American business executive who was born on May 28, 1969, and was previously the CEO of Expedia Group, which controls multiple travel fare aggregators.
It is notable that he has overseen the company’s operations in over 70 countries since 2017. These ideas were pressured into building one of the world’s largest online travel companies.
Khosrowshahi is on the “Prominent Iranian-Americans” list released by the United States Virtual Embassy in Iran, with an estimated net worth of at least $170 million as of June 26, 2023.
How Much is the Uber Guy Worth?
Well, it would interest you to know that the Iranian-American Businessman Dara Khosrowshahi’s net worth is roughly $300 million. Khosrowshahi has been Uber’s CEO since 2017, following Travis Kalanick.
Before joining Uber, Khosrowshahi was CEO of Expedia and held leadership positions at several other technology and tourism companies. He is widely recognized as a successful and renowned technology industry leader who has guided Uber through rapid expansion and transformation.
It is important to note that affluent persons’ net worth fluctuates due to changes in the value of their assets, investments, and other factors; thus, this estimate may not be current.
An Ending Note
The food delivery service, Uber Eats flies under the wings of Uber, which was founded by Travis Kalanick and Garret Camp in 2009.
When the doors of expansion opened wide with freight transportation and meal delivery, Uber Eats came in, after the name took a new turn from ‘Uber Fresh’ in 2014. As rooms for new improvement came in, it became the same with the powering hands, leaving Mr Dara Khosrowshahi as the CEO.
Uber Eats aims to represent the roots of the ride-hailing sector and also show commitment when it comes to offering the best meals and yet, timely delivery services to clients all over the world.
At the moment, there is no certified news about a new hand taking over the power steering anytime soon, so it’s safe to say we’ll be under the government of the Iranian-American business guru, Mr Dara for quite a while.