Mexican Media Brands
Uber Buys Latin American Delivery Service
Uber Technologies Inc. is acquiring majority ownership in Cornershop, a startup grocery delivery service based in Santiago, Chile.
Share
Uber Technologies Inc. is acquiring majority ownership in Cornershop, a startup grocery delivery service based in Santiago, Chile.
Financial details about the sale, which is expected to be completed early next year, were not disclosed
Last year Walmart Inc. offered to buy Cornershop for $225 million and resell it to its subsidiary in Mexico. But regulators rejected the deal on antitrust grounds.
Four-year-old Cornershop operates in Chile, Mexico, Peru and Toronto. The company’s smartphone app enables users to chose goods from their favorite store. A Cornershop shopper then picks up the items and delivers the order within the hour or at a scheduled later time.
Fees vary by store, and there are delivery charges for trips longer than 6 km (4 miles).
RELATED CONTENT
-
On Zeekr, the Price of EVs, and Lighting Design
About Zeekr, failure, the price of EVs, lighting design, and the exceedingly attractive Karma
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
