USD/MDL - 17.82 ▲ 0
EUR/MDL - 20.04 ▲ 0
VMS_91 - 3.03%
VMS_364 - 9.54%
BONDS_2Y - 7.40%
SP500 - 779.09 ▲ 0.55%
GOLD - 4,136.01 ▼ 0.32%
SILVER - 60.94 ▲ 0.15%
EURUSD - 1.12 ▲ 0%
BRENT - 91.08 ▲ 8.74%
GAS - 2.78 ▼ 3.81%

Uber is acquiring ezCater for $2.3 billion in cash

Uber has agreed to acquire the US corporate catering platform ezCater for $2.3 billion in cash. The deal will enable Uber to expand its Uber Eats business by incorporating corporate catering orders.
Arina Codreanu Arina Codreanu Reading time: 3 minutes
Text size
Link copied
Uber

Photo by Jakub Porzycki/NurPhoto via Getty Images

ezCater, founded in 2007, connects a network of more than 140,000 restaurants across the US. Over the past 12 months, orders totalling more than $2.5 billion have been placed via the platform. Order volume is growing by approximately 15–19 per cent per year, and the company itself is operating at a profit.

According to Investor, the average value of an ezCater order exceeds $400. The platform also provides companies with tools to manage orders and food expenditure, as well as round-the-clock customer support.

Following the deal, ezCater’s catering business will be merged with Uber Eats and the corporate service Uber for Business.

“Catering is a major business that can be a huge source of revenue for restaurants. Thanks to Uber’s scale, we will be able to offer this experience to millions of new customers and help restaurants secure more of these valuable orders,” said Uber’s CEO, Dara Khosrowshahi.

The deal is expected to be finalised in the coming months, subject to obtaining the necessary regulatory approvals and fulfilling other standard conditions. Uber expects the acquisition to have a positive impact on its margins.

It is worth noting that the company’s shares rose by approximately 0.9 per cent in pre-market trading following the announcement of the deal.

Uber is an American technology company founded in 2009 and best known for its ride-hailing service via a mobile app. Uber also operates the food delivery service Uber Eats and the corporate platform Uber for Business. The company operates in more than 70 countries and 15,000 cities. By the end of 2025, more than 200 million people were using the service every month, and orders and journeys totalling $193 billion were processed via the platform over the course of the year.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.


How did this story make you feel?

Comments

0

No comments yet. You can start the conversation.

Comments are open to readers with a Logos Press account.

Sign in to comment

Related*
More from author*

We always appreciate your feedback!

Latest news
Popular now*
Must Read*