UBER HYPERLOCAL DELIVERY
Logistics platform Porter logs Rs 229 crore in profit for FY26 as revenue rises
Porter’s operating revenue rose 54% to Rs 6,649 crore in FY26, marking its fifth consecutive year of over 50% growth. Net profit nearly quadrupled to Rs 229 crore, while Ebitda more than tripled to Rs 159 crore. The company, which is backed by investors such as Kedaara Capital and Wellington Management, saw its largest expense, fleet operator costs, climb 58% to Rs 5,849 crore in FY26.
Two-wheelers a key growth engine for Uber India: President Prabhjeet Singh
Uber announced entry into Indian B2B logistics space with launch of Uber Direct, powered by ONDC. Singh was speaking on the sidelines of the launch of Uber’s B2B logistics service in Bengaluru. Uber Direct will initially deliver groceries for partners like Zepto and KPN Farm Fresh and has plans to onboard restaurant partners such as KFC, Burger King, Taco Bell, and Rebel Foods, over the next few weeks.
Uber enters B2B logistics with Uber Direct on ONDC, onboards Zepto, KPN Farm fresh
Uber is broadening its B2B logistics portfolio in India with the introduction of Uber Direct, in partnership with ONDC. Kicking off with grocery deliveries for allies like Zepto, the service plans to branch out to popular food chains, including KFC and Burger King.
Uber targets 4,500 intercity cab service routes in 2026; to introduce motorhomes with toilets in Delhi-NCR
Uber also announced the launch of Uber Intercity Motorhomes -- a limited-period offering from August 7 to September 6, that can be booked for trips starting from Delhi-NCR.
Govt issues advisory allowing use of personal two-wheelers as bike taxis; states to take final call
For the first time, Centre has explicitly urged states to allow the use of motorcycles as taxis through aggregators. In the wake of a recent ban on the service by the Karnataka High Court, ride-hailing platforms cheered the development, while pointing out that timely implementation of the guidelines by the states would be crucial.
Rapido’s gross order value soars 2.5x in FY25 to $1.25 billion
Urban mobility startup Rapido more than doubled its gross order value to $1.25 billion in FY25, driven by new services. However, rising cash burn has pushed it further from profitability. Rapido is now preparing to enter food delivery, hiring from rivals and engaging with major QSR brands and cloud kitchens.
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Uber to offer logistics services through ONDC network
Uber is set to introduce B2B logistics through the ONDC network, initially focusing on food deliveries before expanding to other sectors like e-commerce and healthcare. This move follows similar initiatives by Ola and Magicpin in the food and beverage segment.
Uber partners with ONDC to offer metro ticket booking service
Uber has partnered with ONDC to integrate metro ticket booking, starting with Delhi Metro, and plans to expand to three more cities. The company is also set to launch B2B logistics through ONDC, beginning with food deliveries and extending to other sectors like e-commerce and healthcare.
WestBridge Capital-backed Rapido to ride in with services to 500 cities, up from 120 now
Rapido, backed by WestBridge Capital, plans to expand its operations from 120 to 500 cities, starting February, targeting initially Karnataka, Gujarat, Tamil Nadu, West Bengal, and Rajasthan. The startup, with 3.6 million daily rides, noted a 46% revenue increase in FY24. Eyeing quick commerce deliveries, it faces competition from Uber, Ola, and Google-backed Namma Yatri.
Uber to bring ‘Black’ back in big premiumisation push
Uber is reviving its high-end Uber Black service in India, starting with a phased rollout in Mumbai, as the company focuses on upgrading its services to cater to the premium segment. The launch is anticipated to take place within the next few weeks.
Shiprocket has big plans for offline ecommerce space
Zomato-backed Shiprocket is eyeing expansion beyond online retailers, looking to enable ecommerce transactions for the offline general trade segment. To that end, Shiprocket has launched a WhatsApp storefront bot and is also rolling out a quick shipping service for small businesses and direct sellers.
Uber gets nod to run bus service in Delhi
Uber has received a licence from the Delhi transport department to run its bus services. This is under the Delhi government's app-based premium bus aggregator scheme notified last November which aims to encourage the upper middle class to switch to public transport. Other than India, Uber operates its shuttle product in Egypt.
Uber’s India driver count tops 1 million
Ride-hailing platform Uber reported $654 million loss on global revenue of $10.13 billion for the January-March 2024 quarter. The company's mobility business saw 26% growth in gross bookings. The number of monthly active users on the platform globally rose 15% to 149 million. Uber operates mobility and delivery services globally.
Uber ups hyperlocal deliveries as quick commerce takes off
Delivers prepaid items from kirana stores; offers service in NCR, Bengaluru, Chennai, Hyderabad, Jaipur, Lucknow, Kolkata, Guwahati and Ludhiana
Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferred
Happy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech Morning Dispatch.
Zomato launches hyperlocal delivery service Xtreme to leverage 3-lakh strong delivery fleet
Xtreme, which was launched late last month, targets both small and large merchants for delivering small packages intracity on the lines of services provided by Shadowfax, Porter and Loadshare.
MTR partners with Swiggy to deliver its packaged food portfolio
With this partnership with Swiggy, MTR joins wholesaler Metro Cash & Carry India and FMCG companies such as Marico and Britannia that have tied up with delivery apps to fulfill last mile delivery of essentials, disrupted in the wake of Covid-19 lockdown.
Pandemic gives Swiggy, Grofers, Amazon's hyperlocal models a new lease of life
E-commerce companies and other delivery-based businesses are forging partnerships with physical stores to fulfil increased orders at a time when customers are buying essentials in large quantities.
Uber Eats ties up with Cafe Coffee Day to create India's largest virtual restaurant network
As part of the partnership, Uber Eats will provide CCD with data, analytics and insights around popular food and cuisines.
April Fool's Day: Tech cos pull pranks to grab attention
From bad-joke detectors to hover shoes, tech companies around the world announced fanciful product launches, in keeping with the day's tradition.
Food delivery firms will fight for a seat at the table
The swords are drawn in what has become a 5-way battle between top guns, all looking to claim the top spot, with 2018 being the year of hard choices for Zomato and Swiggy
Zomato announces Runnr acquisition in all stock deal
While both Zomato and Runnr CEO Mohit Kumar declined to comment on the financials of the acquisition, the deal values Runnr at close to $40 million.
Zomato set to buy Runnr in Swiggy fight
The transaction valued Zomato at $800 million while Runnr -which is the merged entity of Roadrunnr and TinyOwl, two of the most wellfunded startups of 2015 -had an enterprise value of $40 million, sources said.
Uber launches its food delivery service UberEATS in Mumbai
The service, which was piloted in 2014 in Los Angeles before being officially launched in 2015 globally, has been rolled out in Mumbai – its first stop in India.
Uber brings food delivery app UberEATS to India; to compete with Zomato, Swiggy
UberEATS has been launched in Mumbai with delivery service from over 200 restaurants
Food delivery space to get hotter with UberEATS set to enter India
Cab aggregator gets on the road to partner with restaurants; looking to hire staff to create network for on-demand food delivery
Paytm puts $10 million more into Jugnoo
Jugnoo, an online aggregator for autorickshaw rides and a hyperlocal delivery platform, has received fresh funding of $10 million from Paytm.
Why Avinash Gupta founded Bookmycab, scaled it up & finally sold it
Gupta rechristened AVN to Liveminds Solutions and, two years later, applied for a call-taxi licence in Mumbai and started operations.
We won't compete with Ola & Uber: Samar Singla, Jugnoo.com
Having a cut and dried business model helps in making decisions. Jugnoo decided not to compete against Ola and Uber despite acquiring BookMyCab.
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