Uber Might will deliver your next Deliveroo order

The world of meal delivery can consolidate.

Uber Technologies Inc. is negotiating the purchase of the Deliveroo meal delivery service, reports Bloomberg. Uber already has its own meal delivery service – Uber Eats – which competes with Deliveroo. Uber Eats expects revenue of $ 6 billion this year.

The last value of Deliveroo rose to more than $ 2 billion, while Uber sold in 2017 a stake in Softbank (sftby) that valued the entire company at $ 72 billion. , according to a court settlement in February. Uber is planning an IPO for the end of 2019.

Neither company responded to Bloomberg's request for comment on the size of the potential deal.

Deliveroo, founded in the UK in 2013, is available in more than 200 cities in Australia, Belgium, France, Germany, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, United Arab Emirates and United Kingdom. during a possible offer to the public but have not filed the relevant securities forms.

The world of meal delivery has evolved and Deliveroo announced earlier this month that it would offer customers the ability to order food from multiple restaurants in one delivery. She is already working with restaurants to build common kitchens for delivery-only services, making it easier to centralize pickups for messengers. This is on a hiring spree in London, the Financial Times reports.

Deliveroo and Uber have both been facing court cases to find out if their smugglers are legitimate employees or independent contractors. And several meal delivery services have been abandoned in recent years.

However, labor and market risks have not dampened investment in the food and meal distribution sectors, both in the technology sector and in the traditional retail sector. Earlier this year, Google joined forces with Carrefour to deliver food, for example.