SAO PAULO, Jan 6 (Reuters) - Uber said on Thursday
it will end its Uber Eats restaurant delivery service in Brazil
from March 7 and focus instead on deliveries by its online
groceries provider Cornershop and on Uber Direct, a delivery
service for stores.
Brazil Journal, citing sources close to the matter, said the
move is part of a global repositioning strategy under which Uber
is looking to close unprofitable operations. Uber did not give a
reason for closing Uber Eats Brazil in its statement.
Uber's move comes amid fierce competition in food deliveries
in Brazil, where other providers include Rappi, which is backed
by SoftBank Group Corp, and iFood, part of Movile, a
technology group backed by Prosus.
Both Movile and Rappi, which has considered an initial
public offering, raised million of dollars last year to fund
operations in Latin America.
(Reporting by Carolina Mandl; Editing by Frank Jack Daniel,
Christian Plumb, Lisa Shumaker and Alexander Smith)