Uber to buy ezCater for $2.3bn to bring workplace catering to Uber Eats
Uber has agreed to buy ezCater, a US platform for workplace catering, for $2.3bn in cash. Uber and ezCater announced the deal in a joint statement on Tuesday. The purchase brings ezCater’s catering orders to Uber Eats and to Uber for Business, Uber’s service for company accounts.
Boston-based ezCater lets businesses order food for meetings, events and recurring staff meals from more than 140,000 US restaurants. It generated more than $2.5bn in gross bookings over the past 12 months, with growth in the high teens year on year, the companies said. Its average order is worth more than $400. The business is profitable on a non-GAAP operating income basis.
“Catering is a big business, and can be a huge revenue stream for restaurants,” said Dara Khosrowshahi, Uber’s chief executive.
“With Uber’s reach, we can bring that experience to millions more customers and help restaurants win more of these valuable orders,”...
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