FIRST AIRED: September 27, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program

Business

UberEats expanding food app in 24 countries

Opening sequence

Opening sequence

Business

UberEats expanding food app in 24 countries

0:00
17:08
More Info

COMING UP:UberEats expanding food app in 24 countries

×

Transcript

00:00:01
>> The king of people delivery, now planning a coup in cuisine. Job ads heralding the scale of Uber's ambition. Already in 400 cities globally, it's now aiming to copy that expansion with food delivery service Uber Eats. Up and running in six countries and hiring. Everything from general mangers to bike couriers, sales people and marketing managers.
00:00:23
Coming soon in 24 more countries. Expect casualties amongst the competition, says Reuters tech correspondent, Eric Auchard.>> It's essentially taking the Uber platform, which is transportation and sticking food on top of it as just something extra they can do that you can already do with Uber. The economics of that are likely to be vastly improved.
00:00:48
>> 421 startups in this sector have attracted nearly $10 billion of venture capital in the last two and a half years. Established companies like Grub Hub, Foodora, and Delivery Hero getting company. Amazon announcing this month, they're joining them in London. Uber revolutionized taxi hire. How we buy food could be next.
00:01:08
>> They're experimenting with efforts to create centralized kitchens. So cooks that have an idea for a new restaurant, rather than opening a restaurant, might open just a website and connect to a deliver route to their customers, start serving meals through the deliver route. And then, perhaps down the line, if they're successful, open a restaurant.
00:01:28
So they're trying to kind of reinvent the way people eat. The big boys arrival confirms the success of food ordering apps, but may mean the chopping board for the smaller players, if they're not gobbled up.