Uber Technologies, Inc. (NYSE: UBER) and ezCater, Inc. announced on October 6, 2026 that Uber will acquire ezCater, a leading U.S. platform for catering and workplace meals, in an all-cash transaction valued at US$2.3 billion. The move brings catering into the Uber Eats ecosystem, expanding beyond individual meal delivery to group and workplace orders. With this acquisition, Uber aims to create a complete food ordering experience for businesses, events, and social gatherings while opening a revenue channel for restaurant partners.
Strategic Rationale for the Acquisition
The deal combines ezCater's proven catering and business-to-business expertise with Uber Eats' global reach among consumers and restaurants. It also leverages Uber for Business relationships with organizations of all sizes, which can simplify group food ordering for corporate clients. Restaurants are expected to benefit from larger orders and new diners, while couriers gain additional opportunities to earn.
A Growing Market Opportunity
The U.S. catering and workplace meals market represents a substantial growth area as companies increasingly provide food for employees and events. ezCater has established itself as the number one foodtech platform for workplaces in the U.S., according to company materials. By integrating this capability, Uber can address demand for recurring corporate catering and large group orders that extend beyond traditional meal delivery.
ezCater's Financial Profile
ezCater generated over US$2.5 billion in Gross Bookings over the trailing twelve months, growing at a high-teens rate year over year. The business is profitable on a Non-GAAP Operating Income basis and is expected to be margin accretive to Uber. Its average order values exceed US$400, highlighting the high-value nature of catering transactions.
Leadership Perspectives
Uber Chief Executive Officer Dara Khosrowshahi said catering is a big business and can be a huge revenue stream for restaurants, praising the platform built by ezCater's team. ezCater Chief Executive Officer Nihad Rahman expressed enthusiasm about joining forces with Uber and bringing catering expertise to a larger global ecosystem. Both leaders emphasized the potential to help restaurants win more valuable orders and serve millions more customers.
Platform and Customer Impact
ezCater makes it easy for any business to manage food needs and order from more than 140,000 restaurants nationwide. The platform supports meetings, events, and recurring enterprise catering needs with tools for ordering, food spend management, and 24/7 customer support. Customers will be able to find and order food for a group more simply and reliably, from workplace meals to social gatherings.
Operational Benefits for Restaurants and Couriers
For restaurant partners, the acquisition creates a pathway to high-value orders that complement everyday delivery volume and expand revenue potential. Uber Eats couriers may see attractive new earning opportunities tied to larger and more predictable catering deliveries. The combined platform is designed to unlock sustained growth for merchants through new diners and expanded order sizes.
Transaction Details and Advisors
The transaction is expected to close in the coming months, subject to regulatory approvals and other customary closing conditions. J.P. Morgan Securities LLC is serving as financial advisor to Uber, while Covington & Burling LLP and Freshfields US LLP are serving as legal counsel. Evercore is serving as financial advisor to ezCater, and Davis Polk & Wardwell LLP is serving as legal counsel to ezCater.
Uber's acquisition of ezCater represents a strategic expansion into catering and workplace meals, a category with larger order values and recurring demand. The transaction positions Uber to offer a more complete food platform for individual, group, and enterprise customers while giving restaurants access to valuable new revenue streams. Subject to regulatory approvals, the combined business is expected to strengthen Uber Eats' competitive position and create new opportunities for merchants, couriers, and customers.