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Uber sells food delivery service in India

RIDE-SHARE giant Uber has sold its meal delivery business in India to Zomato, one of its local competitors, as it steps up efforts to achieve profitability.

India is one of Uber's biggest markets for rides, but its UberEats meal delivery service has struggled to keep up with the two largest online food-delivery players Zomato and Swiggy.


In exchange for the network of restaurants, delivery drivers and customers that UberEats has developed in India since 2017, Uber will receive 9.99 per cent of Zomato's capital, according to a release issued Monday (20).

The statement did not specify the value of the Indian start-up.

UberEats users will be redirected to Zomato starting Tuesday (21).

Uber CEO Dara Khosrowshahi said: "India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader”.

Uber, whose share price has tumbled since its public offering in May, is due to release its annual results on February 6.

The group, which promised investors profitability by the end of 2021, has already cut expenses and shed more than 1,000 employees in 2019.

Its Uber Eats service is growing fast but faces intense competition in many countries.

Zomato's CEO Deepinder Goyal said in the statement that "this acquisition significantly strengthens our position in this category."

The app, which offers restaurant reviews and trial offers in addition to meal deliveries, boasts more than 70 million users per month.

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Major Food Group to launch Major’s Grill at London’s Cambridge House

The Grade I-listed Palladian mansion has hosted royalty and political figures since 1756.

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Major Food Group to launch Major’s Grill at London’s Cambridge House

Highlights

  • Major Food Group, the hospitality powerhouse behind CARBONE and over 50 restaurants worldwide, is bringing Major’s Grill to London’s Cambridge House.
  • The restaurant will occupy a Georgian ballroom dating back to 1878 within the Grade I-listed Palladian mansion at 94 Piccadilly.
  • Cambridge House, Auberge Collection, opens in 2026 as a 102-suite luxury hotel with the restaurant as its culinary centrepiece.

Global expansion move

New York's Major Food Group is bringing its signature theatrical dining style to London with the launch of Major's Grill, a glamorous new restaurant set to open at Cambridge House, Auberge Collection in 2026.

The announcement, made on October (15), marks a significant expansion for the hospitality group founded by Mario Carbone, Rich Torrisi and Jeff Zalaznick. Since 2011, the group has built a global empire of over 50 restaurants, bars and private clubs spanning 15 cities worldwide, including New York, Miami, Hong Kong, Dubai and Riyadh.

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