Uber to Acquire Postmates and Enter Grocery Delivery Business in the Americas

By Jonathan Spira on 7 July 2020
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A street in São Paulo, Brazil

Ride-hailing service Uber announced it will acquire Postmates and also begin to offer grocery delivery in certain countries in the Americas.

Postmates is a U.S. company that offers local delivery of restaurant-prepared meals and other goods.

The $2.65 billion, all-stock acquisition of Postmates calls for Uber to run the business alongside its own food delivery business, Uber Eats.  Uber said it would maintain the Postmates app separate while merging some aspects of the operation, such as having its drivers deliver orders for both businesses as well as some IT and development functions.

In Canada and Latin America, Uber will partner with Cornershop, a company it is in the process of acquiring a majority stake in, to offer grocery deliveries through the Uber and Uber Eats app.  Cornershop is based in Santiago, Chile.

“We couldn’t be more excited to work with Uber to take our mission to millions,” said Oskar Hjertonsson, Cornershop’s CEO.

The new service will be available in select cities in Brazil, Chile, Colombia, Peru, and Canada

Uber said it has seen a 176% increase in grocery deliveries worldwide since February and the start of the coronavirus pandemic.

(Photo: Accura Media Group)

Accura News

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