Uber is buying a majority stake in online grocery provider Cornershop as the ride-hailing giant looks to expand its fast-growing delivery service
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Uber is buying a majority stake in Cornershop, an online grocery provider currently operating in Mexico, Chile, Canada, and Peru.
Mexican antitrust officials earlier this year blocked a $225 million bid by Walmart to buy Cornershop, citing concerns the retail giant could not guarantee a level playing field for rival retailers.SANTIAGO, Oct 11 - Uber said on Friday it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market.
The app provides delivery of "groceries to your front door in one hour" from retailers including Costco, Walmart, and Mexico's Chedraui. It charges retail chains and customers a commission for its services.
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