Uber Sees Non-Takeout Deliveries Becoming $12.5 Billion Business

Uber Technologies Inc. is eyeing a significant expansion in its non-takeout delivery business, which it expects to become a $12.5 billion venture. The company's move to diversify its delivery services comes as it aims to compete with rivals like Instacart, DoorDash, and Amazon. The company's focus on grocery and retail deliveries reflects a shift in consumer behavior, with more people opting for convenient online shopping and delivery services during the pandemic. Uber believes this trend will continue, and it is positioning itself to capitalize on the growing demand. The company's efforts to expand its delivery services beyond just food takeout demonstrate its strategy to diversify its revenue streams and reduce its reliance on a single market segment. As the competition in the delivery industry intensifies, Uber's ability to adapt and offer a broader range of services could be a key factor in its future success.