Uber to buy controlling stake in Turkey’s Trendyol GO food delivery business for $700 million

Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business. The stake purchase from Turkish e-commerce firm Trendyol Group gives Uber control of a platform that serves customers nationwide, delivering groceries and meals from over 90,000 restaurants and markets through 19,000 couriers.

In 2024, Trendyol Go delivered more than 200 million orders and racked up about $2…