What Are The Uber subsidiaries?

We live in an era of the internet where everything seems miraculously easy, whether it is ordering fresh vegetables for cooking your daily meal or paying your utility bills without even stepping out of your house. Everything seems to be done effortlessly. Here we will discuss what are the Uber subsidiaries.

 If you look back in history not long ago, there were times when people used to be waiting in long queues for buses and taxis for their daily travel. Over the years, Technology has made human lives convenient and effortless. 

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What are the Uber subsidiaries?

 A Company started in 2009, widely known as Uber Technologies, came up with a solution for people waiting in long queues for public transport and taxi for their daily travel. Uber is a ride-hailing company that matches passengers with drivers of the vehicle registered with Uber via their app and website. Uber helped millions of people around the globe and made their lives much more hassle-free. 

 Uber Technologies is an industry-leading ride-hailing company based in San Francisco. Uber operates in more than 72 countries and 10,500 cities around the globe. Uber is not just a ride-hailing company but has also diversified into food delivery, package delivery, freight transportation, grocery delivery, and much more. With more than $93 million users, Uber has a market capitalization of $42.58 billion making it the world’s 357th most valuable company.

In this article, we will look in detail at some of Uber subsidiaries.

 1-Careem 

 Careem, a ride-sharing company established in 2012, was the biggest rival of Uber in the Middle East, Africa, and Asia. Careem had 30 million registered users and was operating in 100 cities across the Middle East, Africa, and Asia at the time of its acquisition by Uber.

 Careem became the Daughter Company of Uber technologies in 2020 when Uber acquired it for $3.1 billion. Careem is now not only a ride-sharing company but also provides food delivery service via Careem Now App. Careem has also launched a digital payment platform known as Careem Pay in 2020. It can be used to pay for rides, deliveries, and packages. These are the Uber subsidiaries.

 Date of Acquisition: February 02, 2021

 2-Drizly 

 Despite the epidemic, online alcohol delivery sales increased in 2020. As social distancing rules and lockdowns were implemented globally, the value of alcohol e-commerce in the United States increased by 42 percent in 2020. As a result of the increasing demand for alcohol many on-demand alcohol delivering companies capitalized on the opportunity.

 One such company is Drizly, a Boston-based Alcohol Delivery Company founded in 2012. Drizly known as the Amazon of liquor delivers a variety of alcohol-based drinks from its 4000 retailers to its customers via mobile app or website.

 Uber acquired Drizly for $1.1 Billion. Just like uber which offers an on-demand cab service Drizzly offers an on-demand liquor delivery service. 

Date of Acquisition: February 02, 2021

 3-Postmates 

 Postmates is a California-based food delivery service company just like its sister service Uber eats. Postmates also delivers on-demand food, groceries, and liquor at your doorstep. The primary competitors of postmates are Grubhub and Doordash. Uber acquired postmates for $2.65 billion in 2020 when the food delivery business was expanding beyond leaps and bounds due to Covid 19 pandemic.

Date of Acquisition: December 01, 2020

4-Ottomotto

 Ottomotto is a self-driving technology company founded in 2016. Company Co-founder Lior Ron stated that Ottomotto would have a fleet of self-driving trucks in 2017. Ottomotto never established a fleet of self-driving Trucks.

 Uber acquired Ottomotto in August 2016. After the acquisition of the Ottomotto uber made changes in the company. In 2018 Uber completely shifted its focus from self-driving trucks to self-driving cars. Uber acquired the self-driving truck company for $680 million. Uber only paid for Ottomotto tech, not for the trucks.

 Date of Acquisition: August 18, 2016

 5-Cornershop

 Uber Technologies have invested billions of dollars outside of its core ride-hailing business. After enjoying massive success in its ride-hailing business, uber Technology acquired many other on-demand delivery businesses one such company is Cornershop.

Cornershop is an on-demand grocery delivery company. Cornershop operates across the USA, Brazil, Peru Colombia, and Canada.Uber acquired a grocery delivery company, Cornershop for $1.4 billion. This deal helped Uber strengthen its delivery operations in Latin America. Hence we discussed about the Uber subsidiaries.

 Date of Acquisition: October 2019

 Conclusion 

 Uber is a ride-hailing company that matches passengers with drivers of the vehicle which are registered with Uber via their app and website. With more than $93 million users Uber has a market capitalization of $42.58 billion, which makes it the world’s 357th most valuable company. Uber Technologies have invested billions of dollars outside of its core ride-hailing business. Uber has acquired many companies in the past and made them a big success. In this article, we have talked about some of the major acquisitions by Uber technologies. These are the Uber subsidiaries.

Frequently Asked Questions 

1-Is Jump also a subsidiary of Uber technologies?

 Uber acquired Jump bikes in 2018. Jump is an electric scooter and bicycle sharing company that operates in the USA, New Zealand, France, Canada, Mexico, United Kingdom, and Australia.

 2-Does Uber own any share in Doordash?

 Doordash is the biggest rival of Uber.Uber does not own any share in Doordash. Both companies have a cutthroat competition.

 3- Does Uber own Raiser LLC?

 Raiser LLC is a daughter company of Uber technologies that handle legal issues regarding employees and independent contractors.

What Are The Uber subsidiaries?

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