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Uber’s on a fast-paced march to enter all areas of transportation and the on-demand economy. Uber CEO Dara Khosrowshahi says he now wants the ridesharing giant to expand into the grocery delivery business.
“We will move into grocery. That’s fundamental. A lot more people will be eating at home. Right now we are busy with Eats, but you can see grocery as an adjacent business. We’re thinking about Uber much more as a platform,” Khosrowshahi said at Vanity Fair’s New Establishment Summit 2018 on Tuesday.
Uber is entering a crowded field with major competitors like Instacart, Amazon Fresh and Google Express but has the advantage of having tens of millions of users already on its app.
This won’t be Uber’s first foray into delivering food — the company announced in May that it’s booked $6 billion worth of deliveries through its UberEats service that transports prepared food from restaurants to consumers around the world. UberEats is the fastest growing food delivery service, even eclipsing delivery powerhouse Grubhub.
Earlier this year Uber partnered with Walmart to launch a grocery delivery service but the trial ended after only three months for unknown reasons.
“Eating is something you do three times a day. So these are habits that go very, very deep. And someone needs to be the orchestration layer for people moving around cities, and I think that can be us. It’s an enormous opportunity. The real challenge for us is where do we focus and where do we partner,” Khosrowshahi said.
It’s also possible charges will code as “groceries” when using the platform, which would be great for American Express® Gold Card holders who earn 4x points on US supermarket purchases. At the very least, the Chase Sapphire Reserve (3x) and Chase Sapphire Preferred (2x) travel or dining categories could apply to purchases with the transportation company.
H/T: Yahoo Finance
Featured image courtesy of Uber.
With some great bonus categories, the American Express Gold Card has a lot going for it. The card offers 4x points at US restaurants, at US supermarkets (up to $25,000; then 1x), and 3x points on flights booked directly with airlines or through amextravel.com. It is currently offering a welcome bonus of 35,000 bonus points after you spend $2,000 in the first three months.
- Earn 35,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new Card within the first 3 months.
- Earn 4X Membership Rewards® points at U.S. restaurants. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
- Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
- Earn up to $10 in statement credits monthly when you pay with The Gold Card at Grubhub, Seamless, The Cheesecake Factory, Shake Shack, and Ruth's Chris Steak House. This is an annual savings of up to $120. Enrollment required.
- $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
- Choose to carry a balance with interest on eligible charges of $100 or more.
- No Foreign Transaction Fees.
- Annual Fee is $250.
- Terms apply.
- See Rates & Fees