India performance eats into Uber’s food delivery margins

The interior of the office of ride-hailing service Uber is seen in this picture in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 19, 2016. REUTERS/Anindito Mukherjee/File photo

Heated competition and increased incentives in the Indian market weighed heavily on Uber Eats’ take rate in the first quarter of this year, the company revealed last week.

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