How is Uber Eats turning into a billion dollar business?

Uber Eats obviously arrived at a time when people would like to have their food delivered right at their very own doorstep. There are various companies that have already started this type of service even before Uber, but since Uber is a known brand, people will have the tendency to choose them over all the other companies that are available.

GrubHub maybe its main competitor, but there are some people who are choosing Uber Eats over GrubHub probably because of the restaurant and food options that are available. According to experts, Uber Eats will have the chance to make more than a billion dollars if they would continue their winning streak against their rivals.

Uber Eats is a fast-growing food order and delivery service. The business that started in August 2014 has grown into a Billion – Dollar Business. Uber Eats charges a delivery fee generally between $2 and $8, depending on your location. It also charges up to 30% of the restaurant’s bill. This is the breakdown of how Uber Eats makes its money. In 2018, 4 of every 1o user of Uber Eats were new to Uber, and they didn’t use the ride-hailing service before then. This also gives the company access to a new customer who might eventually use the car service at some point. Since the year 2016, were UberEats was at 5% of the U.S. food delivery markets, it has now grown to over 25%, and it is expected to grow even bigger.