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Uber Eats Enters Catering Space With $2.3 Billion ezCater Deal

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Uber Eats Enters Catering Space With $2.3 Billion ezCater Deal

Uber is paying $2.3 billion to acquire catering and workplace meal platform ezCater, according to a Tuesday (Oct. 6) news release.

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The all-cash deal is designed to combine ezCater’s catering and B2B expertise, Uber Eats’ global reach among consumers and restaurants, and Uber for Business’s relationships with companies of all sizes, per the release.

“EzCater makes it easy for any business to manage its food needs and order from over 140,000 restaurants nationwide,” the release said. “Its platform supports everything from meetings, events and recurring enterprise catering needs, with tools to manage ordering and food spend and 24/7 customer support.”

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The acquisition will help restaurants grow through bigger orders and new customers, according to the release. Diners will be able to order food for group events more easily, while Uber Eats couriers will get new opportunities to earn.

“We’re thrilled to be joining forces with Uber, ezCater CEO Nihad Rahman said in the release. “Our team is proud of what we’ve built, the leading platform for workplace catering, and a major growth channel for our restaurant partners. We’re energized to bring our catering and B2B expertise to Uber’s global ecosystem of customers, merchants and couriers.”

5 billion in gross bookings over the last 12 months, and its average order values are over $400, per the release.


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