Uber had announced in January that it was bringing its food delivery service to India, its fastest-growing market in the world. UberEATS has rolled out in Mumbai and will soon be taken to five other Indian cities. India becomes UberEATS' fourth Asian market, after it launched in Singapore last May, followed by Tokyo (Japan) and Bangkok (Thailand). Interestingly, Uber's local rival Ola had started a similar service, Ola Cafe, in 2015 and shut it down a year later after reportedly failing to expand its network of restaurants. UberEATS presently delivers to a handful of zip codes, primarily in western Mumbai (see map). Most of the city is yet to be serviced.
Uber is bringing its on-demand food delivery service, UberEATS, to India three years after it piloted in Los Angeles. The taxi-aggregator is in talks with local restaurants and delivery partners before taking the service live. SEE ALSO: Ola thinks it has the perfect trick to compete in Uber's fastest growing market UberEATS is a standalone app and is accessible in 58 locations globally, including a host of Asian cities such as Bangkok, Singapore, Tokyo and Taipei. "I am incredibly excited about bringing UberEATS to India. This is a significant investment, it spans multiple cities and regions, and it has the potential to change the food industry -- with the push of a button -- in one of the most vibrant food cultures in the world," Allen Penn, Asia Pacific's Head of UberEATS, said in a statement.
Following on from Singapore's Grain raising $10 million, so Malaysia-based Dahmakan today announced a $5 million financing round of its own. The money takes the startup to $10 million raised to date -- its last round as $2.6 million last year -- and it comes via new investors U.S-based Partech Partners and China's UpHonest Capital and existing backers Y-Combinator, Atami Capital and the former CEO of Nestlé who was an angel investor. The round was closed earlier this year but is now being announced alongside this expansion play. It's been a busy couple of years for the company, which was founded in 2015 by former execs from Rocket Internet's FoodPanda service. Dahmakan -- which means "Have you eaten?" in Malay -- graduated Y Combinator in 2017 and it expanded to Thailand last year through an acquisition, so what's on the menu for 2019?
Can cloud kitchens take off in India? Swiggy, one of the country's largest food delivery startups, is betting on it. The Prosus Ventures-backed startup said on Wednesday it has established 1,000 cloud kitchens for its restaurant partners in the country -- more than any of its local rivals. The Bangalore-headquartered firm said it has invested in over a million square feet of real estate space across 14 cities in the country over the last two years to help restaurant partners of all sizes expand to more locations both within their city and across new cities through cloud kitchens. Swiggy said it has already invested about $24.5 million in its cloud kitchens business that it calls Swiggy Access, and plans to pump another $10.5 million into it by March next year.
Bengaluru-based cab aggregator unicorn Ola has acquired Bengaluru-based artificial intelligence platform Pickup.ai. As part of the deal, the co-founders and employees of Pikup.ai will join the Ola team. When it comes to technology, Ola has been leveraging a lot and has been scaling volumes of success and growth. Its Electric Vehicle arm Ola Electric Mobility became one of the fastest unicorns in India last month. The company too highlighted its commitment and intent of investing in technology especially AI and ML to build futuristic mobility solutions for India and the world.