65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service.
Uber Chief Executive Dara Khosrowshahi on Monday told analysts the tie-up would allow Uber Eats to distinguish itself by delivering not only restaurant food, but everything from groceries to personal care and fashion items. Uber's original plan to acquire U.S. food delivery rival GrubHub, which commands a 23 percent market share, faltered over regulatory and other concerns. GrubHub was snatched up by Takeaway.com NV on June 11.
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