Uber has announced a $2.3 billion investment in ezCater, aiming to narrow the market gap with its competitor, DoorDash. According to recent data, Uber's delivery segment contributed approximately 37% of the company's total revenue during the second quarter.
Economy
Uber invests $2.3 billion in ezCater to challenge DoorDash
Uber is investing $2.3 billion into ezCater as part of a strategy to compete more effectively with DoorDash.
Source: The Business Standard