According to Venture Beat, Uber announced plans to acquire a majority stake in Cornershop in October 2019. Although the deal was supposed to clear all regulatory hurdles in early 2020 this has yet to happen. Therefore, Uber focused on an ‘integration’ of the platform.
Moreover, Uber has been expanding its business recently, due to the surge of grocery deliveries powered by the pandemic. Consequently, the company unveiled a new service called Uber Connect – which repositions its platform as a courier service that allows people to transport just about any item – and announced it is also buying Postmates for USD 2.65 billion.
Overall, Uber has announced similar deals with grocery outlets in France, Spain, Brazil, and others, during the past months through Uber Eats. Besides, the company included more than 9,500 merchants across 30 countries, with a reported 176% increase in grocery orders since February 2020.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.