Uber Eats comes to Turkey via $700M Trendyol Go acquisition

Uber is Expanded its presence With its latest acquisition in Turkey.

The ride-hell and delivery giants have acquired 85% controlling portion of Istanbul-based online food and grocery distribution business trendial geo in exchange for nearly $ 700 million cash. The agreement shares the Uber instant market for Uber Its, where Uber currently operates only a ride-hall service.

The announcement of Uber’s acquisition comes a day before the company’s first quarter’s income report. And due to President Trump’s tariff, consumer expenditure is likely to be reduced in 2025, investors will assure Uber that Uber is still ready for growth, even the company has recently pulled out $ 950 million for the delivery hero foodpanda business in Taiwan.

Uber is also forms the basis for expansion in other courtyards. It seems like every few weeks, Uber announces a new autonomous vehicle partnership throughout his ride-hell, distribution and freight vertical.

Trendial Go is the Parent Organization Trendiol Group’s Food Distribution Force, a fashion and retail e-commerce platform, owned by the majority of Alibaba. The company says in a filing that it has provided more than 200 million orders in 2021, which has produced $ 2 billion in gross booking, which was 50% higher than the previous year. Its marketplace has more than 90,000 restaurants and 19,000 courier.

The acquisition is expected to be closed in the second half of 2021. When this happens, users will be able to continue using the trendial Go app and will introduce the original powers in the Uber “Uber Ets to introduce the original powers,” the company said.

TechCrunch asked Uber for more information.

The latest acquisition of Uber comes when fighting for market share in the United States due to competition from Dordash. In February, Uber has filed a lawsuit against DordashComplaints of anticipative behavior. Dordash has requested the court Dismissed the caseThe

Before today, Dordash declared Two principal acquisition To extend its presence in Europe: UK delivery is $ 3.86 billion and $ 1.2 billion in Satroom.