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Transportation — Investing

Uber To Acquire ezCater For $2.3 Billion In All-Cash Deal

Boston-based ezCater connects businesses with more than 140,000 restaurants and recorded more than $2.5 billion in gross bookings over the past 12 months.

,   and  TIPP Staff
2 min read
Uber to buy U.S. catering platform ezCater for US$2.3B. Pic via(@business)

Uber announced Tuesday that it will acquire US corporate catering platform ezCater for $2.3 billion in an all-cash deal, expanding its food-delivery operations into workplace meals and business catering.

Boston-based ezCater connects businesses with more than 140,000 restaurants and recorded more than $2.5 billion in gross bookings over the past 12 months. Uber CEO Dara Khosrowshahi said catering represents a significant opportunity for restaurants and the company.

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The acquisition will also strengthen Uber’s position against DoorDash, which launched a workplace catering service in April. DoorDash has reported that large team orders are growing faster than regular orders.

ezCater CEO Nihad Rahman said the company is looking forward to bringing its business-to-business expertise to Uber. The transaction remains subject to regulatory approval and is expected to close in the coming months.

The deal follows Uber’s broader expansion strategy, including its planned $15 billion acquisition of Delivery Hero’s foodpanda business.

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tippinsightsTIPP Staff

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