Uber strikes deal for grocery delivery platform Cornershop

Ben Heathcote

In App Deals. October 17, 2019

Ride-hailing giant Uber has agreed to acquire majority ownership of on-demand grocery delivery service Cornershop. The undisclosed deal is expected to complete in early 2020 if it is granted regulatory approval.

Headquartered in Chile, Cornershop was founded by friends Oskar Hjertonsson, Daniel Undurraga and Juan Pablo Cuevas in 2015. The startup is backed by Accel, ALLVP, Creandum and JSV.

“Whether it’s getting a ride, ordering food from your favorite restaurant, or soon, getting groceries delivered, we want Uber to be the operating system for your everyday life,” said Uber’s chief executive Dara Khosrowshahi.

“We’re excited to partner with the team at Cornershop to scale their vision, and look forward to working with them to bring grocery delivery to millions of consumers on the Uber platform.”

Cornershop will continue to operate under its current leadership, reporting to a board with majority Uber representation.

Oskar Hjertonsson, founder and CEO of Cornershop, added:

“In 2015 we started Cornershop with primarily the Latin American market in mind and we couldn’t be more excited to work with Uber to help us take that mission much further.

“Uber is the perfect partner as we embark on our quest to bring our unique flavor of on-demand groceries from incredible retail partners to many more countries around the world.”