- Uber Technologies will acquire ezCater for $2.3 billion in cash, expanding Uber Eats into workplace catering and combining ezCater's corporate customer base with Uber's restaurant and delivery network.
Uber Technologies Inc. (NYSE: UBER) has agreed to acquire ezCater for $2.3 billion in an all-cash transaction, expanding the ride-hailing and delivery company's presence in workplace meals and business catering. Reuters reported Oct. 6 that the transaction is expected to close in the coming months, subject to regulatory approval.
Founded in 2007, ezCater operates a US platform that allows companies to arrange catering for meetings, corporate events and workplace meals. The acquisition will combine ezCater's catering operation with Uber Eats' restaurant network and Uber for Business' corporate customer base.
The deal gives Uber exposure to a different segment of food delivery. Individual restaurant orders are generally smaller and more frequent, while workplace catering involves larger group orders placed by businesses.
Uber CEO Dara Khosrowshahi said catering represents a significant revenue opportunity for restaurants, according to Reuters.
Why Uber Is Expanding Into Workplace Catering
The acquisition comes as ezCater has expanded beyond its original catering marketplace into a broader workplace food platform. In April, ezCater said it had developed enterprise features including invoicing, custom reporting, automatic tax-exempt ordering and integrations with procurement and authentication systems. The company also expanded beyond traditional offices to serve distribution centers, hospitals, universities and professional sports organizations.
The company reported sustained double-digit bookings growth through 2025 as it expanded its enterprise offering. ezCater's platform serves more than 125,000 restaurant partners, according to company data released in May. Its research found that 96% of workplaces surveyed had tried a new restaurant in 2025, while 62% of employees who first tried a restaurant through workplace catering later ordered from the same restaurant personally.
Those figures illustrate why corporate catering can be valuable to restaurants beyond the initial order. The platform connects businesses placing group orders with restaurants that can potentially gain additional consumer customers.
The transaction also fits into Uber's broader effort to increase activity across its mobility and delivery businesses. Uber reported $53.7 billion in first-quarter 2026 Gross Bookings, up 25% year over year, while revenue increased 14% to $13.2 billion.
Uber's platform strategy has increasingly focused on getting customers to use multiple services rather than relying on a single product. The company said Uber One members were generating half of Gross Bookings across Mobility and Delivery in the first quarter.
The ezCater acquisition adds another corporate-facing use case to that ecosystem. The move comes during a period of significant consolidation across delivery and restaurant technology. Uber agreed in July to acquire Delivery Hero's food-delivery operations in a transaction that valued the target at $14.8 billion, while the combined businesses were expected to operate across 99 markets with $236 billion of 2025 pro forma Gross Bookings.
The ezCater transaction is much smaller, but it targets a different category: US workplace catering rather than international consumer food delivery.
Uber Eats Gets a Larger Corporate Catering Business
The acquisition could give Uber a dedicated platform for handling large business food orders while allowing ezCater to access Uber's broader restaurant and delivery infrastructure. That matters as restaurants continue shifting more sales toward off-premises channels. ezCater estimates that nearly 75% of restaurant traffic now occurs off-premises and puts US catering sales at $77.18 billion in 2025.
The broader restaurant industry is also dealing with changing consumer demand and operating costs. Recent pressure on restaurant operators can be seen in the bankruptcy filing involving a large Wendy's franchisee, while major chains are investing in technology and restaurant upgrades to improve operations.
For delivery companies, the opportunity extends beyond simply adding more individual orders. Catering can connect platforms with corporate spending, recurring workplace meal programs, and larger restaurant transactions.
Uber will also be entering a market where competitors already have significant delivery networks. DoorDash Inc. (NASDAQ: DASH) remains a major US food-delivery competitor, although its business has faced regulatory pressure over delivery-worker compensation, including a $131.5 million New York settlement announced in September.
The competitive environment makes the integration of ezCater particularly important. Uber will need to combine the catering platform's corporate relationships and ordering infrastructure with Uber Eats' restaurants and delivery capabilities after the transaction closes.
The acquisition is still subject to regulatory approval, and Reuters said the companies expect the deal to close in the coming months.
For investors watching Uber stock, the $2.3 billion acquisition adds another business line to a company already expanding through delivery, mobility and larger strategic transactions. Uber reported $2.3 billion in free cash flow during the first quarter, providing internal cash generation alongside its broader capital-allocation plans.
The immediate financial contribution from ezCater has not been disclosed. The more measurable development is strategic: Uber Eats is moving further into business catering while ezCater gains access to Uber's broader restaurant and delivery ecosystem.