Uber reportedly in talks to acquire online food delivery platform Deliveroo

21st September 2018 (Last Updated September 21st, 2018 11:59)

Uber Technologies is reportedly in ‘early talks’ to acquire British online food delivery platform Deliveroo in a deal valued at more than $2bn.

Uber reportedly in talks to acquire online food delivery platform Deliveroo
Uber in talks to buy Deliveroo. Credit: Deliveroo.

Uber Technologies is reportedly in ‘early talks’ to acquire British online food delivery platform Deliveroo in a deal valued at more than $2bn.

However, Bloomberg has stated that the deal may not materialise as the online food delivery firm and its investors plan to operate independently.

Established in 2013, Deliveroo offers food delivery services from a network of more than 35,000 restaurants.

Headquartered in London, the company currently has 30,000 riders delivering food across 200 cities in 12 countries including Australia, Italy, Singapore, Hong Kong, Germany, Ireland, the Netherlands and Belgium.

“The service connects multiple restaurant point-of-sale systems with a single customer order.”

Earlier this month, Deliveroo announced its plans to introduce a new global service called Food Market in the coming weeks, enabling customers to select dishes from different restaurants for the same order.

Powered by Deliveroo Editions, the company completed a three month trial of the service in Australia, Hong Kong and Singapore. The service connects multiple restaurant point-of-sale systems with a single customer order.

A report published by the publication in July this year reported that Uber was “in early-stage talks” about a deal with Careem.

The San Francisco-based ride hailing firm is planning an initial public offering in the second half of next year.