Uber takes stake in online grocery group Cornershop

Illustration by Alex Castro / The Verge Uber is making moves into the highly competitive world of online grocery deliveries with the acquisition of a startup called Cornershop. The deal, for an undisclosed sum, will bolster the company’s efforts to expand into businesses outside its core ride-hailing service. Cornershop, founded in 2015, is currently active in Chile, Peru, Mexico, and Canada, and is headquartered in Santiago. In a statement, Uber CEO Dara Khosrowshahi said it would seek to “scale their vision, and look forward to working with them to bring grocery delivery to millions of consumers on the Uber platform.” That will mean eventually launching the service in the US, though the deal is still subject to regulatory approval. Uber is entering a crowded field But Uber... Continue reading…

Uber takes stake in online grocery group Cornershop

Uber said Friday it agreed to take a majority stake in Cornershop, an online grocery provider in Chile, Mexico, and which recently expanded to Peru and Canada.

Fri 11 Oct 19 from TechXplore

Uber gets into grocery deliveries with Cornershop acquisition - CNET

After Uber Rush folded last year, the ride-hailing company looks to give on-demand delivery another try.

Fri 11 Oct 19 from CNET Cutting Edge

Walmart's Loss Is Uber's Gain

Uber is the likely to become majority shareholder of Cornershop, a grocery delivery company you’ve likely never heard of because it almost exclusively serves Mexico and parts of South America. ...

Fri 11 Oct 19 from Gizmodo

Uber moves into on-demand grocery delivery with acquisition of Cornershop

Illustration by Alex Castro / The Verge Uber is making moves into the highly competitive world of online grocery deliveries with the acquisition of a startup called Cornershop. ...

Fri 11 Oct 19 from The Verge

Uber to acquire grocery delivery startup Cornershop

Uber will acquire Cornershop, a grocery delivery startup that began life serving the Latin American market and recently shifted to offer service in Toronto, its first North American city. Uber ...

Fri 11 Oct 19 from TechCrunch

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