Uber is acquiring ezCater, a leading U.S. catering platform, for $2.3 billion in cash to expand its Uber Eats offerings into large-scale catering and workplace meals. ezCater, founded in 2007, has generated over $2.5 billion in gross bookings in the past year, serving businesses needing large meal orders. Uber CEO Dara Khosrowshahi sees this as a way to help restaurants access bigger customers and increase revenue streams. This move complements Uber's broader strategy to grow its food delivery business, including its pending $15 billion acquisition of Delivery Hero and investments in drone delivery companies.
Uber Technologies Inc holds a market cap of $141.92 billion as of Oct 06, 2026 21:13 WIB, with a daily trading volume of nearly 17 million shares on Pluang. Despite the news of its $2.3 billion acquisition of ezCater, Uber's stock price shows a slight decline of 0.20% at $69.34. Pluang's order activity indicates a balanced investor interest with 59% buying and 41% selling, reflecting cautious optimism in the market.
Uber Technologies is acquiring ezCater, a platform specializing in catering and workplace meals, for $2.3 billion. This acquisition expands Uber Eats' reach into the U.S. workplace food delivery market, leveraging ezCater's network of over 140,000 re...
Uber Technologies is rated a Strong Buy due to strong institutional buying, even though its stock price has dropped about 30% over the past year. The stock is considered undervalued with potential for growth as electric vehicles, ride-hailing, and ro...
