Uber Technologies Inc. plans for the purpose of growing the company’s food delivery business in the country of Germany to around 70 cities in the country by the end of 2022 from the current 14 cities in the largest economy of Europe.
Eve Henrikson, regional general manager of Uber for delivery in Europe, along with the Middle East and Africa said that, the investment had been the result of a lots of demand, and that is also giving the confidence for the purpose of expanding and pushing the business.
The food delivery market of Germany has been dominated by the Just Eat Takeaway.com till 2021, and the companies including DoorDash and Uber Inc., has now broadened the market, when they have started the local operations during the novel corona virus pandemic as the Delivery Hero SE based in berlin has been announced in the month of December it had been exiting Germany.
Eve Henrikson also said, the Uber Eats is having the advantage of being able for the purpose of offering the restaurants a network of the couriers, whether they already had a fleet and the Just Eat has also been relying on a premises by having its own riders, and the food delivery stocks have been reduced in the recent months as the investors are now shifting their focus to the profit rather the continuous and fast growing technology companies.
The delivery business of Uber have been better than the others and they are also recorded the adjusted profits for the first in the previous quarter.