Uber To Buy Chile’s Cornershop In Bid To Deliver Groceries

Uber said on Friday it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market.

The app provides delivery of “groceries to your front door in one hour” from retailers including Costco Wholesale Corp , Walmart Inc and Mexico’s Chedraui. It charges retail chains and customers a commission for its services.

Cornershop has rapidly gained popularity in local markets, including Chile, where its shoppers are a common sight scrambling down the aisles of grocery stores as they hunt down orders for customers.

ESM