Uber to Buy ezCater for $2.3 Billion to Expand Corporate Catering
Uber Technologies announced it will acquire US corporate catering platform ezCater for $2.3 billion in cash. The deal aims to boost Uber's fastest-growing delivery segment by expanding its presence in the corporate food market. Founded in 2007, ezCater facilitates large food orders for office meetings and events, generating over $2.5 billion in bookings recently. The average order value exceeds $400, offering Uber larger corporate orders than typical individual deliveries.
HT World·



