Uber buys Postmates food delivery service

Uber wants to be more than just a broker for driving services. Now the company is buying a food delivery company founded by a German.

An Uber Eats driver on the street in Lausanne

Dhe world’s largest travel agent, Uber, is taking over the American food delivery service Postmates for $ 2.65 billion. Both companies announced this on Monday. It is a pure share deal. This accelerates the selection process in the food delivery service industry, whose service is particularly in demand worldwide in the Corona crisis due to closed restaurants and exit restrictions.

Just Eat Takeaway.com from the Netherlands recently snatched Uber’s competitor Grubhub for more than seven billion dollars, making it number one around the globe. The best-known providers worldwide, including Delivery Hero from Berlin, have been relying on growth for some time – also through acquisitions – and are accepting sustained losses in return.

The German Bastian Lehmann founded Postmates in 2011 in San Francisco. In the last round of funding in September, the company, which operates in 4,200 cities across the United States, was valued at $ 2.4 billion. Lehmann has now said that the deal will enable further growth. Uber has been investing a lot of money in its food delivery business, Uber Eats, for years.