● Covered by 1 source · 1 reportMedium impact1 neutral
Uber acquires catering company ezCater for $2.3 billion to expand Uber Eats services
Key points
- Uber is buying ezCater for $2.3 billion cash.
- ezCater is a platform for catering and workplace meals.
- The acquisition expands Uber Eats into corporate catering.
- ezCater generated over $2.5 billion in gross bookings.
Uber Expands into Corporate Catering
Uber has announced the acquisition of ezCater, a company specializing in catering and workplace meals, for $2.3 billion. This all-cash transaction marks Uber's latest effort to diversify and grow its Uber Eats division by entering the corporate catering market.
About ezCater
Founded in 2007, ezCater operates as a marketplace connecting businesses with catering services. The company reported over $2.5 billion in gross bookings during the last 12 months. This acquisition represents a significant exit for ezCater, which was bootstrapped for seven years before securing its first funding round in 2014.
Strategic Rationale
Uber CEO Dara Khosrowshahi stated that the acquisition will enable restaurants to reach new, larger customers. He emphasized that catering is a substantial business and a significant revenue stream for restaurants, and Uber's reach will help expand this experience to more customers and valuable orders.
Broader Food Delivery Strategy
This acquisition is part of Uber's ongoing strategy to expand its food delivery business. Other recent moves include the pending acquisition of Delivery Hero for $15 billion and investments in drone delivery companies like Zipline and Flytrex.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Uber is acquiring ezCater, a catering and workplace meals platform, for $2.3 billion in an all-cash transaction. This acquisition expands Uber Eats' service offerings into the corporate catering market, providing restaurants with access to larger business customers.