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Uber isexpanding its presencein Turkey with its recent acquisition .
The ride - hail and legal transfer giant has acquired an 85 % controlling post in Trendyol Go , the online meal and food market delivery business based in Istanbul , for about $ 700 million in immediate payment . The stack gives Uber instant food market share for Uber Eats in the country , where Uber presently only operates a ride - hail table service .
Uber ’s accomplishment annunciation comes a day before the company is scheduled to cover its first - quarter earnings . And with consumer outlay projected to precipitate in 2025 due to President Trump ’s tariffs , investor will want reassurance that Uber is still poise for ontogeny , even as the party recently pulled out of its $ 950 million command for Delivery Hero ’s Foodpanda business in Taiwan .
Uber has been lay the groundwork for expansion in other arenas , too . It seems like every few weeks , Uber announce a new self-reliant vehicle partnership across its ride - hail , saving , and freight upright .
Trendyol Go is the food livery arm of parent company Trendyol Group , a manner and retail tocopherol - commerce chopine , which is absolute majority have by Alibaba . The company said in a filing that it deliver more than 200 million orders in 2024 , generating $ 2 billion in gross booking , which was up 50 % from the previous year . There are more than 90,000 restaurants and 19,000 couriers on its marketplace .
The acquirement is expected to conclude in the second half of 2025 . When it does , users will be able to keep using the Trendyol Go app , and Uber will “ introduce key capabilities over the come years from Uber Eats , ” the fellowship pronounce .
TechCrunch has asked Uber for more entropy .
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Uber ’s late skill comes as it clamber for market share back home in the U.S. due to competition from DoorDash . In February , Uber file courting against DoorDash , alleging anticompetitive behaviour . DoorDash has urge on the courts todismiss the eccentric .
in the beginning today , DoorDash announcedtwo major acquisitionsto thrive its presence in Europe : The U.K. ’s Deliveroo for $ 3.86 billion and SevenRooms for $ 1.2 billion .
