Uber Acquires Catering Platform ezCater for $2.3 Billion
Uber is acquiring catering platform ezCater for $2.3 billion in an all-cash deal, aiming to expand its Uber Eats food delivery service into the catering market. EzCater operates as a marketplace connecting businesses with caterers and has generated over $2.5 billion in gross bookings in the past 12 months. The acquisition marks another strategic move by Uber to diversify and grow its food services business. Uber CEO Dara Khosrowshahi emphasized that catering represents a significant revenue opportunity for restaurants, which can now access new customer segments through the platform’s integration with Uber Eats. This deal follows other major investments in delivery expansion, including a $15 billion acquisition of Delivery Hero and partnerships with drone delivery companies like Zipline and Flytrex. The purchase highlights Uber's ongoing efforts to strengthen its position in food services by leveraging technology platforms that scale demand for restaurant offerings.
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Topics: ezCater Transportation Uber Uber Eats