Uber Reportedly Discussing Acquisition With Deliveroo

Uber already runs a food delivery service of its own called Uber Eats and it may be looking to acquire a food delivery firm to further bolster this effort. According to a new report, Uber is in talks to acquire a food delivery company called Deliveroo. It’s unclear how much Uber is willing to pay for the company but it would understandably have to be above Deliveroo’s latest valuation.

Deliveroo may not be the only company that Uber is thinking of buying. A recent report revealed that Uber is in talks with Careem for an acquisition as well. Careem is the company’s biggest rival in the Middle East and its acquisition would put Uber in a dominant position in the Middle East.

Deliveroo’s valuation last year was over $2 billion after the company raised $98 million from private investors. The London-based company and its investors are reportedly not that interested in giving up their independence so it’s possible that this acquisition talks with Uber may fall through if they feel that the price isn’t right.

The food delivery service was launched in London back in 2013. It has since expanded it service to 11 countries across the globe and is due to launch in new markets down the road. Both Uber and Deliveroo have not commented on the report about their talks.

Adnan Farooqui
Categories: Transportation
Tags: Uber