Uber enters grocery shipments with Cornershop acquisition

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Uber’s acquisition of Cornershop is still pending regulative approval.


Angela Lang/CNET

Uber is broadening its shipment horizons. The ride-hailing business revealed Friday that it’s obtaining bulk ownership in the grocery shipment start-up Cornershop. The financial investment, which is still based on regulative approval, is slated to close in early 2020.

“Whether it’s getting a ride, ordering food from your favorite restaurant, or soon, getting groceries delivered, we want Uber to be the operating system for your everyday life,” Uber CEO Dara Khosrowshahi stated in a declaration. 

Originally established as a black automobile service in 2009, Uber has changed into a multi-service platform providing whatever from Uber Eats dining establishment shipment to scooter and bike leasings. Uber likewise try out other kinds of on-demand shipment alternatives in the past through a service called Uber Rush. That service shuttered in 2015, nevertheless.

Uber has actually experienced a rough roadway given that ending up being a public business in May. It’s seen dropping share costs, layoffs and an exodus of top-level executives and board members. With its acquisition of Cornershop, the business might be attempting to take advantage of among its much better revenue-growing services: Uber Eats.

Still, on-demand shipment is a competitive area. Caviar, Grubhub, Seamless and DoorDash likewise do dining establishment shipments. And Instacart, Postmates and Amazon Fresh all provide grocery shipments. In an effort to keep ahead of the pack, Uber has actually lost millions on supporting and broadening Uber Eats.

Cornershop isn’t yet in the United States. Mainly Latin America-based, the start-up is presently in Chile, Mexico, Peru and Toronto, Canada. Both Khosrowshahi and Cornershop CEO Oskar Hjertonsson stated, nevertheless, that they’re preparing to bring the grocery shipment service to millions more customers through Uber’s app.

“In 2015 we started Cornershop with primarily the Latin American market in mind and we couldn’t be more excited to work with Uber to help us take that mission much further,” Hjertonsson stated in a declaration. “Uber is the perfect partner as we embark on our quest to bring our unique flavor of on-demand groceries from incredible retail partners to many more countries around the world.”


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