Trendyol Group and Uber agree to transfer majority shares of food delivery service Trendyol GO

Turkish e-commerce platform Trendyol Group announced Tuesday that an agreement has been reached with Uber Technologies for the transfer of a majority of shares in food delivery service Trendyol GO.

A total of 85% of the shares in Trendyol GO will be bought by Uber for $700 million in cash, Uber said in a securities filing.

The transaction is expected to be concluded in the second part of this year, pending regulatory approval. Uber said that after the deal is finalized, it anticipates it will fuel company growth.

Uber, which operates the Uber Eats platform globally, also plans to introduce some of its prominent food delivery features to Turkish users in the days ahead.

Uber CEO Dara Khosrowshahi said the deal reflects Uber's long-term commitment to Türkiye and its ambition to expand the country's delivery ecosystem.

“We're incredibly impressed with what the Trendyol GO team has built, and we're excited to continue that strong momentum across the country,” he said, adding that the company's goal is to deliver more value to consumers, couriers, and especially small and family-run businesses.

Caglayan Cetin, president of the Trendyol Group, said: "We firmly believe that with its new structure, Trendyol GO will continue to grow and strengthen."

"This acquisition of Trendyol GO reflects the strength of the Turkish technology and e-commerce sectors and the broader economy of Türkiye," he added.

As a player in the global e-commerce arena, Trendyol is committed to offering our customers a seamless e-commerce experience, supporting local businesses and producers to grow, and contributing to the overall economic development of our country, Cetin said.

He added: “Trendyol Group will continue to invest in our country and we will keep evaluating additional growth opportunities in the future."

Trendyol GO is managed by the e-commerce platform Trendyol, which was founded in 2010.

The platform serves roughly 90,000 restaurants with 19,000 couriers across the country.

According to Uber's securities filing, Trendyol GO delivered over 200 million orders and brought in $2 billion in gross bookings in 2024 – up 50% over the previous year.