Uber to Acquire ezCater for $2.3 Billion, Adding Catering to Uber Eats
publishers 13articles 13first reported 6 Oct, 12:45 UTCdeveloping since 6 Oct · 8 editions
Uber has agreed to acquire online catering marketplace ezCater in an all-cash transaction valued at $2.3 billion, expanding Uber Eats into catering and workplace meals.
Founded in 2007, Boston-based ezCater connects businesses seeking large meal orders with restaurants and caterers. The platform generated more than $2.5 billion in gross bookings during the past 12 months, according to figures cited by Uber.
Uber Chief Executive Dara Khosrowshahi said the acquisition would help restaurants reach larger customers and secure more catering orders. “Catering is a big business, and can be a huge revenue stream for restaurants,” he said in a statement. “With Uber’s reach, we can bring that experience to millions more customers and help restaurants win more of these valuable orders.”
The deal broadens the range of food services offered through Uber Eats and adds a business-focused ordering platform to Uber’s delivery operations. Reuters described the purchase as an effort to narrow Uber’s gap with rival DoorDash, while Uber said the transaction would bring catering directly to its food-delivery service.
The acquisition is the latest in a series of moves by Uber to expand its food-delivery business, including investments in and partnerships with drone-delivery companies such as Zipline and Flytrex.
HOW THIS STORY WAS MADE
Written from 6 articles, 1 with the publisher's own text; 6 independent newsrooms once syndicated copies count as one; this version written within the hour the record first saw the story; the editor kept it as written.
- Publishers
- 13
- Source articles
- 13
- Given to the writer
- 6, 1 with the article's own text
- Independent newsrooms
- 6
- This version written
- within the hour the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →