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.
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.
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.
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.
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.
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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