Overview
- Uber announced it will acquire an 85% controlling stake in Trendyol GO, Turkey’s leading food delivery platform, for $700 million in cash.
- The deal is expected to close in the second half of 2025, pending regulatory approval, and is projected to drive accretive growth for Uber.
- Trendyol GO, a subsidiary of Alibaba-majority-owned Trendyol Group, processed over 200 million orders and generated $2 billion in gross bookings in 2024.
- The acquisition will give Uber an immediate presence in Turkey’s food delivery market, where it currently operates only a ride-hailing service.
- Uber plans to integrate Uber Eats capabilities into the Trendyol GO app gradually, enhancing the platform’s offerings for consumers, couriers, and restaurants.