Australia's quick commerce market is projected to grow at a 6.6% CAGR from 2025 to 2029, reaching approximately US$3.63 billion by 2029, up from US$2.62 billion in 2024. The market has shifted from start-up dominance to being led by major retailers like Woolworths and Coles, and delivery platforms such as Uber Eats and DoorDash. Growth will focus on geographic expansion, integrated service offerings, and sustainable delivery economics amid rising price sensitivity. Rapid delivery services spanning groceries, alcohol, and essentials are becoming core, supported by subscription programs and shared logistics networks.
Uber Technologies reported a 21% year-over-year increase in gross bookings and a 42% rise in non-GAAP operating income for Q1 2026, alongside $2.28 billion in free cash flow. The company now has over 50 million Uber One members and projects 18-22% gr...
Uber's chief product officer Sachin Kansal shared the company's vision to grow beyond ride-hailing into travel planning, hotels, AI-powered shopping, and autonomous vehicles. Uber aims to create a hybrid network combining human drivers and robotaxis,...
Zipline, a drone delivery startup, is rapidly expanding its U.S. operations by hiring former Tesla, Uber Eats, and Waymo executives to scale its business. The company now completes one drone delivery every 20 seconds and has surpassed 2.5 million com...
Uber Technologies is reportedly in advanced talks to acquire Delivery Hero, a major German food-delivery company, aiming to finalize the deal soon. Uber already owns about 25% of Delivery Hero's shares and holds additional derivatives, giving it near...
Uber is broadening its services beyond ride-hailing and food delivery to include hotel bookings, boat rentals, and shopping features, aiming to become a travel-focused platform. It is also developing financial products for drivers and merchants, such...
