Uber
- Uber believes its Uber Eats app addresses a $795 billion market.
- So far, it believes it has only penetrated 1% of that market considering Gross Bookings for Uber Eats have reached $7.9 billion in 2018.
- The company says it views Uber Eats as being the largest meal delivery platform in the world outside of China.
Uber believes the food delivery program it launched more than three years ago addresses a $795 billion market, the company revealed in the S-1 documents it filed on Thursday as part of its initial public offering.
Revenue from Uber Eats has also grown significantly, according to the filing. Uber Eats revenue was $1.5 billion in 2018, representing an increase of 149% from the $0.6 billion in revenue the food delivery service generated in 2017.
See the rest of the story at Business Insider
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from Business Insider http://bit.ly/2GioKQz
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