Uber will acquire ezCater for $2.3 billion, adding the largest U.S. online catering marketplace to its Uber Eats platform in a deal the companies expect to close in the coming months.

Boston-based ezCater connects businesses to more than 140,000 restaurants for meetings, events, and other corporate occasions. The company generated more than $2.5 billion in gross bookings over the trailing 12 months, with year-over-year growth in the "high teens," according to a joint press release.

The average order on ezCater exceeds $400, a check size that dwarfs the typical consumer food delivery ticket and one the companies are betting will reshape restaurant revenue mix toward fewer, larger transactions.

What does Uber get from ezCater?

The acquisition brings ezCater's B2B ordering infrastructure and restaurant relationships directly into Uber Eats, alongside the 300,000 companies that already use Uber for Business to manage rides and meals.

Uber CEO Dara Khosrowshahi framed the deal as a revenue-expansion lever for operators.

"Catering is a big business, and can be a huge revenue stream for restaurants," Khosrowshahi said in a statement. "[ezCater CEO Nihad Rahman] and his incredible team have built an amazing platform. With Uber's reach, we can bring that experience to millions more customers and help restaurants win more of these valuable orders."

For restaurants, the pitch is volume at higher average tickets, with the platform handling corporate accounts that smaller operators rarely reach on their own.

How does this fit Uber's consolidation strategy?

The deal continues a year of aggressive M&A for Uber. In July, the company struck an agreement to acquire Germany-based Delivery Hero, which would roughly double its global footprint. Rivals have moved in parallel: DoorDash has acquired Wolt and Deliveroo in recent years, and the broader food delivery industry has shifted from a land-grab phase to a consolidation phase.

That consolidation changes leverage for restaurants, which now negotiate with fewer, larger platforms holding more of the off-premise order pipeline.

What's the history behind ezCater?

EzCater was founded in 2007 by Stefania Mallett and Briscoe Rodgers. The pandemic gutted its core corporate catering volume, and the company pivoted to hybrid workplaces and industries where employees remained on-site. A $100 million funding round led by SoftBank closed in late 2021, reviving IPO plans that never materialized.

Mallett stepped down as CEO in 2023 and was replaced by former Lyft executive Ashwin Raj. Raj was succeeded in May 2025 by Rahman, who had served as ezCater's CFO since 2022.

How is the catering market performing?

Catering boomed after the pandemic, with inflation-adjusted sales growth surging nearly 69% in 2021, according to Technomic data. Growth has since normalized sharply, slowing to just 0.6% last year as corporate office returns stalled and event budgets tightened.

The deal lands at a moment when category tailwinds have flattened, and where scale and corporate-account access will likely determine which platforms capture the next leg of recovery.

What do operators need to watch?

• Average ticket economics: ezCater's $400-plus orders offset thinner consumer delivery margins
• Commission and fee structure post-integration, which the release did not disclose
• Whether Uber for Business cross-sells catering to its installed base of 300,000 accounts
• Menu engineering for high-volume, predictable group orders, where operators can reduce labor per dollar sold

The close, pending regulatory review, will test whether Uber can convert a B2B catering marketplace into a meaningful second growth lane alongside consumer delivery, and whether operators see the average check climb rather than the platform fee.