Uber confirms blockbuster quick commerce $14.8 billion deal as it gears up to acquire Delivery Hero
After weeks of intense speculation, Uber has confirmed it will snap up Delivery Hero in a deal valuing the German food delivery company at around $14.8 billion. It’s a move that would expand the Uber Eats food delivery network in Europe, the Middle East, Asia and Latin America, but it could also bring antitrust regulators in to play due to overlap in the companies' operations.
Delivery Hero has also entered into a separate agreement with New York-based investment firm SSW Partners. SSW will acquire Delivery Hero’s businesses in a total of 14 markets, particularly where Uber Eats and Delivery Hero already overlap for approximately $1.6 billion.
"Delivery Hero’s talented team has built an extraordinary business, with beloved local brands and leading positions across many of the world's fastest growing delivery markets,” says Dara Khosrowshahi, CEO at Uber. “By bringing our platforms together, we will extend affordable, reliable delivery to many millions more people in many of the world’s most dynamic economies, while creating more opportunities for merchants and couriers. Together, we’ll nearly double the number of markets where we offer both mobility and delivery services, scaling a proven platform that we believe will create significant long-term value for our customers and shareholders.”
“We are excited about this opportunity with Uber and the possibilities it offers for our employees, shareholders, and partners. Uber's global mobility and delivery platform and our shared commitment to innovation make this the right partnership to build on Delivery Hero's strengths in local food delivery and quick commerce, and to take our Everyday App strategy further for our customers,” says Niklas Östberg, CEO at Delivery Hero. “I'm grateful to our people for building this company over 15 years, and we look forward to this great next chapter together.”
“The food delivery business is highly competitive and scale dependent. It is challenging to build from a European base, yet we have achieved an enormous amount over 15 years. Joining forces with a strong partner now is the right move for Delivery Hero to best secure its future competitiveness and ability to deliver value for all our stakeholders,” adds Kristin Skogen Lund, Chair of the Delivery Hero supervisory board. “The supervisory board has been closely involved and fully supports the proposed transaction and we appreciate Uber's shared interest in preserving and building on the Delivery Hero strengths."
2026 RTIH Innovation Awards
On demand delivery will be a key focus area at the 2026 RTIH Innovation Awards.
The awards are now open for entries and celebrate global retail technology innovation in a fast moving omnichannel world.
Our winners will be revealed at the 2026 RTIH Innovation Awards Ceremony, taking place at The HAC in Central London on Wednesday, 4th November.
Check out our 2025 winners here.
Our 2025 hall of fame entrants were revealed during a sold out event which took place at The HAC on 16th October and consisted of a drinks reception, three course meal, and awards ceremony presided over by award winning comedian, actress and writer Tiff Stevenson.
In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “This is the awards’ fifth year as a physical event. We started off with just 30 people at the South Place Hotel not far from here, then moved to London Bridge Hotel, then The Barbican, and last year RIBA’s HQ in the West End.”
“But I’m conscious of the fact that, to quote the legend that is Taylor Swift, You’re only as hot as your last hit, baby. So, this year we’ve moved to our biggest venue yet, and also pulled in our largest number of entries to date and broken attendance records.”
He added: “This year’s submissions have without doubt been our best yet. To quote one of the judges: The examples of innovative developments across both traditional and digital retail spaces were truly remarkable.”
Congratulations to our winners, and a big thank you to our sponsors, judging panel, the legend that is Tiff Stevenson, and all those who attended our 2025 gathering.
