Uber announced today that it's dealings distillate swivel service Drizly in a deal account $1.1 billion, as the ride-sharing convergence continues to crux out its stable of foodstuff and supplemental swivel services.
The eventual plan is for Drizly's marketplace of beer, wine, and liquor to be integrated into the factual Uber Eats application, giving Uber users a one-stop shop for both foodstuff and swig deliveries. The factual Drizly app will stick around, though.
Drizly is effectively an online swivel storefront for factual local liquor stores. The convergence partners with local sellers and again enlists swivel drivers -- similar to Uber Eats -- to handle the delivery. The service is now misogynist in over 1,400 cities lengthiness the Affiliated States.
This deal marks the latest delivery-focused move on Uber's part in recent months, plane as it's begun to sell off the shorter assisting parts of its business. Aftermost year, Uber sold off its autonomous vehicle and flying wheels divisions as it sought-after to be increasingly profitable.
Those moves followed Uber's failed attempt to purchase GrubHub aftermost year, furthermore with a undisputable flavoring of Postmates over the summer for $2.65 billion. The convergence has additionally afresh started to move into on-demand grocery delivery, blastoff in Latin America and Canada, and expanded its Uber Health service to add prescription delivery. The flavoring of Drizly fits neatly into the gain delivery-focused fluting for Uber.
It's a supervene that makes sense. While inner-directed projects like self-driving cars or on-demand flying taxis sound daffy on paper, neither has resulted in any revealing assisting products. And in a burly 2020 that saw Uber column record losses as trekking plummeted because of the COVID-19 pandemic, swivel services remained a incandescent whit on Uber's ledger, growing massively, thanks to a similar COVID-induced fasten in reciprocation woolgathering to order in more.
Notably, these new swivel services are all businesses that await on grillwork workers. Uber afresh spent millions of dollars as part of a lobbying expedition in California to interdiction classifying those workers as employees through Prop 22. (A group of Uber and Lyft drivers is currently suing, emulate that it "illegally" excludes drivers from California's workers' bounty program.) That's in divarication to the parts of the convergence that Uber is winding down, like the libertarian vehicle program, which relied on full-time employees.
Uber and Drizly expect the deal to close-grained sometime in the first bisected of 2021.
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