Uber to Acquire 85% Stake in Turkey’s Trendyol GO for $700 Mn

Uber is set to deepen its presence in the Turkish market with a $700 million cash acquisition of an 85% stake in Trendyol GO, a leading local food and grocery delivery platform. As per news reports, the deal is expected to close in the second half of 2025, pending regulatory approvals. 

Strategic Push into Türkiye’s On-Demand Delivery Market 

The acquisition is part of Uber’s broader strategy to expand its global delivery operations, particularly in high-growth regions. Uber noted that the transaction will support its long-term expansion goals and is expected to be accretive to growth once finalised. 

Trendyol GO’s Strong Market Position 

Trendyol GO operates under Turkey’s e-commerce giant Trendyol, which is majority-owned by China’s Alibaba Group. The platform currently partners with 90,000 restaurants and 19,000 couriers, making it a major player in Türkiye’s delivery landscape. 

In 2024, the company handled over 200 million deliveries and recorded $2 billion in gross bookings, marking a 50% year-over-year increase, according to Uber’s filing. 

Uber Highlights Commitment to Türkiye 

Uber CEO Dara Khosrowshahi emphasised the company’s commitment to supporting local businesses, couriers, and retailers, particularly small and family-run operations. He praised Trendyol GO’s growth and innovation, expressing optimism about the collaboration’s future impact on the sector. 

Also Read: Swiggy in Focus as Zomato (Eternal) Exits 10-Minute Delivery; Bolt Expands to 500 Cities.   

Financial Outlook and Upcoming Earnings Report 

The acquisition news arrives just ahead of Uber’s Q1 earnings report, scheduled for release before market open on Wednesday.  

Conclusion  

Uber’s acquisition of a majority stake in Trendyol GO signals a significant step toward strengthening its global delivery portfolio. As the deal moves toward completion, Uber is positioning itself to tap into one of Europe’s fastest-growing delivery markets while reinforcing its commitment to innovation and regional partnerships. 

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