Uber Acquires Glovo and Talabat's African Operations in $16.9bn Delivery Hero Deal
Uber is set to acquire the African operations of Glovo and Talabat as part of a $16.9 billion takeover of Delivery Hero, reshaping the food delivery landscape across Egypt, Kenya, and Nigeria. The deal hands Prosus a €2.1 billion exit on its Delivery Hero position.
Uber's Africa Play: the locals are already here
Uber is paying $16.9 billion partly to enter food delivery markets in Nigeria, Kenya and Egypt — countries where it already runs cars but never launched its Eats product.
That gap is telling. While Uber sat out, Chowdeck, Heyfood and FoodCourt built real positions in Lagos. Local startups learned the roads, the merchants and the payment habits Uber will now have to compete with.
Inheriting Glovo's network gives Uber a running start. Whether that's enough against founders who've spent years solving Nigeria's last-mile problem from the inside — that's the actual contest worth watching.
3 sources
- Uber’s $14.8bn Delivery Hero Deal Puts Nigeria’s Glovo Business in Spotlight · techeconomy.ng · T2
- Uber to Acquire Glovo and Talabat’s African Operations Under Delivery Hero’s $16.9bn Takeover · launchbaseafrica.com · T1
- Uber’s mega-deal hands Prosus a R40-billion exit · techcentral.co.za · T2