Uber to make an entry in India's online food market
Uber to make an entry in India's online food market
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BENGALURU: Now preparing to change India's online food market, it is Travis Kalanick, co-founder of the US-based company Uber, which provides app-based cab service. He quickly got involved in preparing the Indian team for his new company, City Storage Systems. This company will make the kitchen network in the name of Cloud Kitchen only for online food order supply across the country. That is, no one will be served food in the cloud kitchen. Only delivery from here.

The company's functioning in Mumbai is going to start soon. Those are dealing in the financial capital of the country Restront having talks with chains and real estate developers. Also, the business model framework is being drawn with food delivery companies like Swiggy, UberEats and Zomato. Apart from Mumbai, the company is also in the process of preparing its team in other metros and cities of India.

A source familiar with the company's activities in India has said that "Mumbai will start and then move to Bengaluru, Delhi and Hyderabad." He said, 'Work is taking place for the kitchen.' The Wall Street Journal reported last week that Cloud Kitchen received $ 400 million funding from Saudi Arabia's Sovereign Wealth Fund. In addition, the market value of Kalanic's startup has reached $ 5 billion. According to sources, the company is looking towards India as well as the Middle East.

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