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:
- DoorDash: 44%
- Grubhub: 23%
- Uber Eats: 23%
- Postmates: 8%
- 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.