Uber Acquires 85% Stake In Trendyol Go For $700 Million In Turkey's Food Delivery Market

Uber, led by CEO Dara Khosrowshahi, is entering Turkey’s food delivery market through the $700 million acquisition of an 85% stake in Istanbul-based Trendyol Go, the delivery arm of Alibaba-backed Trendyol Group. The deal gives Uber Eats instant scale in Turkey, adding over 90,000 restaurants and 19,000 couriers to its network, following Trendyol Go’s $2 billion in 2024 gross bookings. This move marks Uber’s latest push for international growth amid rising competition from DoorDash and its withdrawal from a $950 million Foodpanda bid in Taiwan. The acquisition is expected to close in the second half of 2025. SALE PRICE: $700,000,000 Uber HQ: #SanFrancisco #California Trendyol Go HQ: #Istanbul #VentureCapital #Uber #DaraKhosrowshahi #TrendyolGo #TradedVC