Uber to Purchase Grocery
Delivery Startup Cornershop.
Cornershop has had markets in Latin America
and, more recently, in Toronto, Canada.
The on-demand grocery company
is headquartered in Chile.
Uber CEO Dara Khosrowshahi has
commented in the past about the
ride-sharing company's interest
in grocery-delivery expansion.
Uber announced its plan for
the acquisition on Friday.
We’re excited to partner with the team at Cornershop to scale their vision, and look forward to working with them to bring grocery delivery to millions of consumers on the Uber platform, Uber CEO Dara Khosrowshahi, via statement.
Cornershop had been involved in a $225 million
potential acquisition deal with Walmart.
That deal fell apart when it was
blocked by Mexican anti-trust regulators. .
The potential deal between Uber
and Cornershop still faces
regulatory approval