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3w ago

Uber to Acquire 85% Stake in Turkey’s Trendyol GO for $700 Million

The acquisition, pending regulatory approval, will establish Uber Eats in Turkey and integrate key platform features over time.

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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.