- July 24, 2021
- Posted by: Stratford Team
- Category: Business
Uber (NYSE:UBER) is pushing down the gas pedal on its new grocery delivery business. It announced its first major expansion of the service after signing a partnership with Albertsons (NYSE:ACI) grocery chains to serve its 1,200 stores. Uber’s grocery delivery service is now available in 400 cities across the United States.
Despite entering many markets after rivals Instacart and DoorDash (NYSE:DASH), Uber has the advantage of millions of users already using its app. That should allow it to make quick progress as it expands nationwide.
Image source: Getty Images.
Growing the groceries business
Uber says it already has almost 3 million customers ordering groceries through its app every month. That compares well with the well-established Instacart, which has an estimated 9.6 million monthly users. DoorDash, meanwhile, says less than 10% of its estimated 20 million users ordered delivery from a nonrestaurant during…
