Uber Looking for New Revenue Source; Plans to Start Meal-Delivery Service in Ten Cities in the United States
Uber Technologies Inc. aims to spread its business in other directions, this time looking for a new source of revenue in food delivery service. The highly competitive market is already filling up with new venture funded start-ups that offer home delivery of stationary to grocery.
Uber plans to start a service that will deliver full-scale meal in ten of the U. S. cities including New York, Chicago, Los Angeles and Austin. This expansion in business will test Uber's ability to move goods using its network of drivers.
Using the new UberEats app, consumers in the predecided cities will be able to order menus from dozens of local restaurants in the coming weeks. These orders will be delivered by an Uber driver said a spokeswoman from the company.
Uber's is not the first one to try out this service, its rival ride-hailing business, Sidecar Technologies Inc., also experimented with a food and packages service n the past year but the company closed down last month and sold its assets to General Motors Co.
Sunil Paul, the co-founder and Chief Executive of Sidecar said in a blog post on Wednesday, his company "out-innovated Uber but still failed to win the market. because Uber is willing to win at any cost and they have practically limitless capital to do it."
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