Uber delivery workers will pick up bigger restaurant orders as it enters catering
Uber is acquiring catering platform ezCater for $2.3 billion to expand its delivery services into the corporate and large-order market. This move aims to increase revenue for restaurants and provide new earning opportunities for gig workers.
Why it matters
Signals a major consolidation in the food delivery industry and a shift toward high-volume corporate catering.
Uber plans to acquire ezCater, a deal that takes it into larger food deliveries. Klaudia Radecka/NurPhoto via Getty Images Uber is getting into the catering business with its latest acquisition. The company is acquiring ezCater for $2.3 billion, Uber said on Tuesday. Gig workers could see bigger orders on the platform after the deal closes. Uber is expanding into the catering business. The delivery service plans to acquire ezCater in a cash deal valued at $2.3 billion, the companies said on Tuesday. Uber expects the deal to close "in the coming months," depending on government approvals, it said. ezCater's software and platform allow users to place large orders for meetings and other business events. The company works with about 140,000 restaurants in the US. The company's Uber for Business arm already offers some food options for corporations, such as group ordering.
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