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Uber to Buy US Catering Platform ezCater for $2.3 Billion
The all-cash deal would add ezCater’s corporate ordering network to Uber Eats and Uber for Business, while helping restaurants win larger meals orders.
- On Tuesday, Uber announced it will acquire US catering platform ezCater in an all-cash deal for $2.3 billion, expanding its food-delivery and workplace meals business.
- Boston-Based ezCater connects businesses with more than 140,000 restaurants for corporate events and meetings, generating more than $2.5 billion in gross bookings over the past 12 months.
- "Catering is a big business, and can be a huge revenue stream for restaurants," said Uber CEO Dara Khosrowshahi. ezCater chief executive Nihad Rahman added they are energized to bring their B2B expertise to Uber.
- The purchase helps Uber compete with rival DoorDash, which launched workplace catering in April; DoorDash reported large team orders growing 30% faster than regular orders.
- Subject to regulatory approval, the deal is expected to close in the coming months, following Uber's ongoing $15 billion purchase of Delivery Hero and other strategic expansions.
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19 Articles
Uber bought ezCater, a catering platform and business meals, in a fully cash transaction valued at $2.3 billion. Exclusive material for subscribers. To have full access, access the link of the material and register.
·Rio de Janeiro, Brazil
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Coverage Details
Total News Sources19
Leaning Left2Leaning Right2Center8Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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