Uber Expands Food Delivery Footprint with $2.3 Billion ezCater Acquisition

Uber Technologies has agreed to acquire corporate catering marketplace ezCater in an all-cash deal valued at $2.3 billion. The move aims to significantly expand the capabilities and scope of its Uber Eats delivery division, specifically by penetrating the lucrative corporate meal segment across the United States.\n\nFounded in 2007, ezCater operates as a centralized platform connecting businesses with restaurants for large-scale office catering. According to Uber, the target company generated more than $2.5 billion in gross bookings over the past 12 months. Uber Chief Executive Officer Dara Khosrowshahi noted that catering represents a substantial growth avenue for restaurant partners, stating, "Catering is a big business, and can be a huge revenue stream for restaurants. With Uber’s reach, we can bring that experience to millions more customers and help restaurants win more of these valuable orders."\n\nThe acquisition marks a major milestone for ezCater, which operated as a bootstrapped startup for seven years before securing its initial $4 million funding round in 2014. By integrating ezCater’s established workplace client base, Uber plans to capture larger, high-margin group orders that typically yield higher average order values compared to standard individual consumer deliveries.\n\nThe multibillion-dollar purchase is the latest in a series of aggressive expansion maneuvers by Uber to consolidate its global food and logistics operations. Alongside the ezCater acquisition, Uber is finalizing a $15 billion deal for Delivery Hero and continues to deploy capital into automated delivery technologies through strategic partnerships with drone logistics firms such as Zipline and Flytrex.