Uber Eats generated $1.5 billion in revenue globally in the first quarter of 2018, ET cited US-based technology news portal, The Information.

Another factor that has led Uber Eats to give in to the dying demand is that in order to compete with Swiggy and Zomato, Uber Eats has to offer heavy discounts, leading to huge cash burns for the company.

Uber Eats India racked up a cash burn of around $25 million on an average 9 million orders a month, The Economic Times report said.

Uber's cab-hailing rival Ola also, in December 2017 acquired Food Panda, in order to penetrate the food-delivery sector of the country.