Uber Eats Competitors

Uber Eats faces competition from various players in the food delivery market. Key competitors include DoorDash, Grubhub, Postmates, Deliveroo, Just Eat, Zomato, Swiggy, Glovo, Caviar, and Seamless. These platforms connect customers with local restaurants and provide on-demand food delivery services, offering a wide range of options for consumers.

 

CompetitorDescriptionKey InsightsCompetitive OverlapDifferentiation
DoorDashA food delivery platform offering delivery from various restaurants. DoorDash competes directly with Uber Eats in the on-demand food delivery market.DoorDash provides food delivery services from a wide range of restaurants, directly competing with Uber Eats in segments like on-demand delivery, targeting consumers looking for convenient meal options.Both compete in the on-demand food delivery market, offering delivery from local restaurants, with DoorDash’s focus on restaurant partnerships and a strong presence in North America.DoorDash’s extensive restaurant partnerships and North American market dominance.
GrubhubAn online food ordering and delivery platform that connects users to local restaurants. Grubhub competes with Uber Eats in the online food delivery and ordering sector.Grubhub offers online food ordering and delivery services, directly competing with Uber Eats in segments like online restaurant partnerships and meal delivery, targeting users looking for a variety of dining options.Both compete in the online food delivery and ordering market, connecting users with local restaurants, with Grubhub’s focus on an extensive restaurant network and order-ahead capabilities.Grubhub’s extensive restaurant network and order-ahead options.
PostmatesA delivery platform that offers on-demand delivery from local restaurants and stores. Postmates competes with Uber Eats in the on-demand delivery market.Postmates provides on-demand delivery services for food, groceries, and more, directly competing with Uber Eats in segments like local restaurant delivery and convenience items, targeting users seeking quick and flexible delivery options.Both compete in the on-demand delivery market, offering delivery from restaurants and stores, with Postmates’ focus on a wide range of delivery categories and flexibility.Postmates’ diverse delivery offerings and flexibility.
GrubMarketAn online marketplace for farm-fresh and locally-sourced food products, including meal kits and groceries. GrubMarket competes with Uber Eats in the food delivery and grocery delivery sector.GrubMarket offers online access to fresh food products and meal kits, directly competing with Uber Eats in segments like meal kit delivery and grocery delivery, targeting consumers interested in cooking at home with high-quality ingredients.Both compete in the food delivery and grocery delivery market, offering access to fresh food products, with GrubMarket’s focus on sourcing locally and supporting small farms.GrubMarket’s emphasis on fresh and locally-sourced ingredients.
InstacartAn online grocery delivery and pickup service that partners with various grocery stores. Instacart competes with Uber Eats in the grocery delivery and convenience sector.Instacart offers online grocery ordering and delivery from multiple grocery stores, directly competing with Uber Eats in segments like grocery and convenience item delivery, targeting users looking for a convenient way to shop for groceries online.Both compete in the grocery delivery and convenience market, offering access to grocery store products, with Instacart’s focus on partnerships with major grocery chains and diverse product offerings.Instacart’s partnerships with major grocery chains and wide product selection.
Just Eat TakeawayA global food ordering and delivery company that connects users to local restaurants. Just Eat Takeaway competes with Uber Eats in the global online food delivery market.Just Eat Takeaway provides online food ordering and delivery services in various countries, directly competing with Uber Eats in segments like global restaurant partnerships and international delivery, targeting users looking for diverse cuisine options.Both compete in the global online food delivery market, connecting users with local restaurants worldwide, with Just Eat Takeaway’s focus on international expansion and diverse restaurant offerings.Just Eat Takeaway’s international presence and diverse cuisine options.
DeliverooA food delivery platform offering restaurant delivery and food pickup services. Deliveroo competes with Uber Eats in the restaurant food delivery market.Deliveroo provides restaurant food delivery and pickup services, directly competing with Uber Eats in segments like restaurant partnerships and quick delivery, targeting users seeking restaurant-quality meals at home.Both compete in the restaurant food delivery market, offering delivery from local restaurants, with Deliveroo’s focus on partnerships with premium restaurants and fast delivery.Deliveroo’s partnerships with premium restaurants and focus on quality.
CaviarA premium food delivery service offering delivery from upscale restaurants. Caviar competes with Uber Eats in the premium restaurant delivery and gourmet food sector.Caviar provides premium food delivery from upscale restaurants, directly competing with Uber Eats in segments like gourmet cuisine and high-end restaurant delivery, targeting users looking for upscale dining experiences at home.Both compete in the premium restaurant delivery and gourmet food market, offering delivery from high-end restaurants, with Caviar’s focus on upscale dining options and curated menus.Caviar’s emphasis on upscale dining experiences and curated menus.
SeamlessAn online food ordering and delivery platform that connects users to local restaurants. Seamless competes with Uber Eats in the online food delivery and ordering sector.Seamless offers online food ordering and delivery services, directly competing with Uber Eats in segments like online restaurant partnerships and meal delivery, targeting users looking for a variety of dining options.Both compete in the online food delivery and ordering market, connecting users with local restaurants, with Seamless’ focus on a user-friendly ordering experience and wide restaurant selection.Seamless’ user-friendly interface and restaurant variety.
ZomatoAn online restaurant discovery and food delivery platform operating in multiple countries. Zomato competes with Uber Eats in the global online food delivery and restaurant discovery market.Zomato offers restaurant discovery and food delivery services in various countries, directly competing with Uber Eats in segments like global restaurant partnerships and international food delivery, targeting users seeking diverse cuisine options and restaurant recommendations.Both compete in the global online food delivery and restaurant discovery market, connecting users with local restaurants worldwide, with Zomato’s focus on restaurant reviews and recommendations.Zomato’s emphasis on restaurant discovery and recommendations.

  • DoorDash: An on-demand food delivery platform that partners with restaurants to offer delivery services.
  • Grubhub: A leading food delivery platform connecting restaurants with customers through its website and app.
  • Postmates: A versatile delivery platform that delivers food, groceries, and other goods.
  • Deliveroo: A food delivery company operating in multiple countries, connecting customers with local restaurants.
  • Just Eat: An online food delivery service facilitating orders from a wide range of restaurants.
  • Zomato: A popular restaurant search and discovery platform that also offers food delivery services.
  • Swiggy: An India-based online food ordering and delivery platform with a large network of restaurant partners.
  • Glovo: A delivery platform providing on-demand services for food, groceries, and other products.
  • Caviar: A premium food delivery service specializing in high-quality cuisine and partnering with select restaurants.
  • Seamless: An online food ordering platform serving numerous cities across the United States, known for its extensive restaurant selection.

Visual Stories Related To Uber Business Model

Who Owns Uber

who-owns-uber
Uber’s principal individual shareholders comprise Yasir Al-Rumayyan (3.64%), the Governor of the Public Investment Fund, the sovereign wealth fund of the Kingdom of Saudi Arabia, and Dara Khosrowshahi, CEO of Uber. Institutional investors comprise Morgan Stanley, with 7.32% ownership, Fidelity, with 6.34%, and The Vanguard Group, with 5.85% ownership.

Uber Business Model

uber-business-model
Uber is a two-sided marketplace, a platform business model that connects drivers and riders, with an interface with gamification elements that make it easy for two sides to connect and transact. Uber makes money by collecting fees from the platform’s gross bookings.

Uber Revenue

uber-revenue

Is Uber Profitable?

is-uber-profitable
For the first time in its history, in 2023, Uber became profitable, with nearly $1.9 billion in net profits. Indeed on net revenues of over $37 billion, Uber posted a net profit of $1.88 billion, compared with a net loss of $9.14 billion in 2022. In 2021, Uber posted a lower net loss ($496 million), primarily thanks to the business divestitures of various assets. Throughout its history, on an annual basis, Uber has never made a profit except for 2023, when it finally reached profitability, thanks to a shifted focus toward operational efficiency.

Uber Take Rates

uber-vs-uber-eats-take-rate
Uber Mobility, which is the core platform of Uber, had a 28.8% take rate in 2023, and a 19.15% take rate for the delivery platform (Uber Eats) in the same period.
In 2022, Uber mobility took 27% of each booking on the platform. At the same time, Uber Eats took 20% of each booking on the delivery platform. The take rate varies according to demand and supply but also market dynamics. In short, in periods of increased competition, the service might charge lower take rates to keep up with it. In 2022, Uber pushed on efficiency, thus raising its take rates, to move toward profitability.

Uber Platform Users

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Uber had 150 million Monthly Active Platform Consumers in 2023. In 2022, Uber had 131 million Monthly Active Platform Consumers, compared to 118 million in 2021, and 93 million in 2020.

Uber Eats

uber-eats-business-model
Uber Eats is a three-sided marketplace connecting a driver, a restaurant owner, and a customer with the Uber Eats platform at the center. The three-sided marketplace moves around three players: Restaurants pay commission on the orders to Uber Eats; Customers pay small delivery charges, and at times, cancellation fees; Drivers earn through making reliable deliveries on time.

Uber Eats Revenue

uber-eats-revenue
In 2023 Uber Eats generated $12.2 billion in revenue, compared to nearly $11 billion in 2022, $8.3 billion in revenue in 2021, and $3.9 billion in revenue in 2020.

Is Uber Eats Profitable?

is-uber-eats-profitable
If we look at EBITDA, Uber Eats was a profitable segment, generating $1.5 billion in EBITDA in 2023. For the first time since its inception, Uber Eats’ EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) – which measures a company’s operational efficiency – turned positive for $551 million in 2022, compared to negative $348 million in 2021; negative $870 million in negative EBIDTA in 2020; and over $1.3 billion negative EBIDTA in 2019.

Uber Freight

uber-freight-business-model
Uber Freight is a platform that connects carriers with shippers, which generated $5.24 billion in revenue in 2023, slowing down from $6.95 billion in revenue in 2022, and it’s now one of the three core segments (Mobility, Delivery, and Freight) within the Uber Business Model.

Uber Revenue Breakdown

uber-revenues-breakdown
In 2023, Uber generated nearly $20 billion from its core platform (mobility), followed by delivery (Uber Eats) with $12.2 billion and freight, with $5.24 billion in revenue.

Uber Advertising

uber-advertising
In 2022 Uber launched its advertising segment, which comprises revenue from sponsored listing fees paid by merchants and brands in exchange for advertising on the platform. By the end of the year, Uber advertising had generated $500 million in revenue from 315K merchants. By 2023, the advertising business of Uber generated a billion dollars in revenue!

Uber vs. Lyft

uber-vs-lyft
Uber and Lyft are both mobility ride-sharing apps. Uber generated $37.28 billion in revenue in 2023, compared with Lyft, which generated $4.4B billion in the same year. A key difference is that while Lyft has primarily stayed in the mobility industry, Uber’s business model today spans various categories beyond mobility, such as delivery (Uber Eats) and freight. 

Food Delivery Business Models

food-delivery-business-model
In the food delivery business model companies leverage technology to build platforms that enable users to have the food delivered at home. This business model usually is set up as a platform and multi-sided marketplace, where the food delivery company makes money by charging commissions to the restaurant and to the customer.

DoorDash

how-does-doordash-make-money
DoorDash is a platform business model that enables restaurants to set up no-cost delivery operations. At the same time, customers get their food at home, and dashers (delivery people) earn some extra money. DoorDash makes money by markup prices through delivery fees, memberships, and advertising for restaurants on the marketplace.

Glovo

glovo-business-model
Glovo is a Spanish on-demand courier service that purchases and delivers products ordered through a mobile app. Founded in 2015 by Oscar Pierre and Sacha Michaud as a way to “uberize” local services. Glovo makes money via delivery fees, mini-supermarkets (fulfillment centers that Glovo operates in partnership with grocery store chains), and dark kitchens (enabling restaurants to increase their capacity).

Instacart Business Model

how-does-instacart-make-money
Instacart’s business model relies on enabling an easy set up for grocery stores, the comfort for customers to get their shopping delivered at home, and an additional income stream for personal shoppers. Instacart makes money by charging service fees, via memberships, and by running performance advertising on its platform.

Grubhub Business Model

grubhub-business-model
Grubhub is an online and mobile platform for restaurant pick-up and delivery orders. In 2018 the company connected 95,000 takeout restaurants in over 1,700 U.S. cities and London. The Grubhub portfolio of brands like Seamless, LevelUp, Eat24, AllMenus, MenuPages, andTapingo. The company makes money primarily by charging restaurants a pre-order commission and it generates revenues when diners place an order on its platform. Also, it charges restaurants that use Grubhub delivery services and when diners pay for those services. 

Shipt Business Model

how-does-shipt-make-money
Shipt is a North American integrated delivery service for groceries, home products, and electronics initially funded by Bill Smith, a highly experienced entrepreneur with a history of creating successful start-ups; in 2014, Smith used $3 million of his own money to create the first iteration of Shipt, the company was acquired by Target in 2017 in a cash deal worth $550 million. Membership fees predominantly drive Shipt revenue generation.
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