Google Plans New Food Delivery Service: Economic Times
By Tyler Durden
The Economic Times, India’s largest English-language newspaper, has just reported a surprising scoop: That Google-parent Alphabet Inc. is planning to enter the food delivery business, a long-anticipated move that has rivals like Uber and Grubhub very nervous.
Reports first surfaced via a video report published on one of the ET’s Twitter feeds.
— ET NOW (@ETNOWlive) July 14, 2020
The plan will include a virtual platform allowing users to place orders via their Google accounts, though deliveries will be coordinated by the restaurants.
In India, Google will partner with Dunzo, an Indian startup in which Google has invested.
The news didn’t have much of an impact on Alphabet shares, but Uber shares have tumbled. The company just announced plans to buy Postmates as it focuses on growing its ‘Uber Eats’ business.