Uber buys Postmates

Uber Buys Postmates

Last month, Grubhub was bought for $7.3 billion by European delivery service Just Eat Takeaway.

  • Uber, whose bid for Grubhub was in the race to buy Grubhub but they got held up with regulatory scrutiny.

The competition: In February, Morgan Stanley estimated the size of the U.S. food delivery market at $350 billion. 

Here's how it breaks down by market share based on May sales, per Second Measure:

  1. DoorDash: 44%
  2. Grubhub: 23%
  3. Uber Eats: 23%
  4. Postmates: 8%
  5. Other: 2%

Only 12% of Uber Eats customers also used Postmates in Q1, which means Uber could capture customers it was previously missing out on.

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