Uber Acquires Catering Platform ezCater for $2.3 Billion
Uber has acquired Boston-based catering platform ezCater in a deal valued at $2.3 billion, marking its entry into the corporate catering market. The acquisition is expected to bolster Uber's food delivery business, which has been growing faster than its ride-hailing operations. ezCater reported gross bookings of $2.5 billion over the past 12 months. The move aligns with Uber Eats' strategy to expand beyond individual consumer deliveries into new segments like corporate events and office catering. This acquisition is seen as a strategic step in diversifying revenue streams for Uber, particularly amid ongoing challenges in its ride-hailing sector.
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Topics: corporate catering ezCater food delivery Uber