Payments News

Deals

Uber Acquires Cornershop, a Grocery Delivery Start-Up

“Uber has acquired a majority stake in the grocery delivery start-up Cornershop for an undisclosed sum, the company announced on Friday, as it seeks to build its food delivery business. The company has looked to expand beyond ride-hailing, particularly since its troubled debut on the public markets in May. Although the growth of its core business has slowed, Uber is building its food and freight delivery businesses, as well as expanding into bicycle and scooter rentals.”