Uber Buys Latin American Delivery Service
Uber Technologies Inc. is acquiring majority ownership in Cornershop, a startup grocery delivery service based in Santiago, Chile.
Uber Technologies Inc. is acquiring majority ownership in Cornershop, a startup grocery delivery service based in Santiago, Chile.
Financial details about the sale, which is expected to be completed early next year, were not disclosed
Last year Walmart Inc. offered to buy Cornershop for $225 million and resell it to its subsidiary in Mexico. But regulators rejected the deal on antitrust grounds.
Four-year-old Cornershop operates in Chile, Mexico, Peru and Toronto. The company’s smartphone app enables users to chose goods from their favorite store. A Cornershop shopper then picks up the items and delivers the order within the hour or at a scheduled later time.
Fees vary by store, and there are delivery charges for trips longer than 6 km (4 miles).
RELATED CONTENT
-
Operator of Uber Self-Driving Car Wasn't Watching Before Fatal Crash
In-car video shows that the backup pilot of an Uber Technologies self-driving car was not watching the road just before the vehicle struck and killed a pedestrian last Sunday night.
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
-
Kroger Tests Self-Driving Grocery Delivery Service
The Kroger Co. and Silicon Valley startup Nuro launched a pilot program for autonomous grocery delivery this week in Scottsdale, Ariz.