Uber is acquiring ezCater, a catering and workplace meals marketplace founded in 2007, in an all-cash deal worth $2.3 billion. The purchase expands Uber Eats beyond individual orders into large-group catering.
ezCater generated more than $2.5 billion in gross bookings over the last 12 months. CEO Dara Khosrowshahi said catering "is a big business, and can be a huge revenue stream for restaurants."
The deal comes as Uber broadens its food delivery push, including a pending $15 billion acquisition of Delivery Hero and partnerships with drone delivery firms Zipline and Flytrex.