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Uber ties-up with Flipkart, BigBasket to supply essentials in India

THERE is good news for people in India. Uber has partnered with Flipkart to deliver everyday essentials in Delhi, Mumbai, and Bangalore.

Uber has also tied-up with online grocer BigBasket and Kolkata-based Spencer’s Retail.


Prabhjeet Singh, director of operations and head of cities for Uber India and South Asia, said the partnerships will allow Uber to help companies reach the last-mile destinations.

“The partnership helps keep the economy running and enables Indians to stay at home in line with government guidelines for containing Covid-19, as well as creates earning opportunities for driver,” he added.

Uber said it will not charge any commission on these transactions and drivers, who typically have to let go as much as 25% of their earnings to the ride-hailing firm, will keep 100% of the billed amounts.

Last week, Uber announced it had partnered with grocery firms and stores in Spain, France, and Brazil to deliver grocery products.

BigBasket will use Uber’s service to serve customers in Bengaluru, Hyderabad, Chandigarh and Noida, it said late last week.

The move will help both Flipkart and BigBasket that have more than half a million inventories stuck at their warehouses because of shortage of delivery workers.

Uber and Ola, suspended their operations in India last month ahead of the lockdown enforced by the government to contain the spread of COVID-19.

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Veeraswamy acquisition

Veeraswamy has been based in Victory House off Piccadilly Circus since 1926 and has served high-profile guests

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Canada's Fairfax Financial acquires owner of UK's oldest Indian restaurant Veeraswamy

Highlights

  • MW Eat sold to Fairfax Financial Holdings for undisclosed sum.
  • Veeraswamy, opened in 1926, currently locked in court battle with Crown Estate.
  • Founders to continue working with new owners for seamless transition.
The owner of Britain's oldest Indian restaurant has been acquired by a Canadian private equity house as it seeks to expand internationally, amid an ongoing legal battle over the historic venue's future.

MW Eat, which operates the Michelin-starred Veeraswamy alongside restaurant chains including Chutney Mary, Amaya and Masala Zone, has been bought by Toronto-based Fairfax Financial Holdings for an undisclosed sum.

Veeraswamy has been based in Victory House off Piccadilly Circus since 1926 and has served high-profile guests including Charlie Chaplin and Mahatma Gandhi over the years. However, the restaurant faces potential closure as the Crown Estate wants to reclaim the building to extend the ground floor reception area serving offices on the upper floors.

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