Home
Apps
Apps News
Uber Eats Shuts Down in Eight Smaller Markets

Uber Eats Shuts Down in Eight Smaller Markets

The markets include Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, UAE, Ukraine, and Uruguay.

By Reuters | Updated: 4 May 2020 16:48 IST

Uber Eats Shuts Down in Eight Smaller Markets

Click Here to Add Gadgets360 As A Trusted Source

Highlights

Uber Eats is shutting shop in several markets
Operations will cease by June 4 in the markets
Uber rides business will be unaffected in all of the markets

Uber said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a clear route to becoming the number one or number two online food delivery operator, its stated aim for its Eats business.

"We have made the decision to discontinue Uber Eats in Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Ukraine, and Uruguay, and to wind down the Eats app and transition operations to Careem in UAE," a Uber spokesman said.

"This continues our strategy of focusing our energy and resources on our top Eats markets around the world."

Uber Sets Up Uber Money Team in India to Develop Financial Solutions

Uber said its core rides business was unaffected in all of the markets.

Operations will cease by June 4 in the markets, apart from UAE, where they will transition to Careem, its wholly-owned subsidiary operating primarily in the Middle East. About 50 full-time roles would be affected, it said.

Uber said the discontinued and transferred markets represented 1 percent of Eats gross bookings and 4 percent of Eats adjusted core earnings losses in Q1 2020.

© Thomson Reuters 2020

In 2020, will WhatsApp get the killer feature that every Indian is waiting for? Samsung Galaxy S20 in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts or RSS, download the episode, or just hit the play button below.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.