Uber To Acquire 85% Stake In Turkish E-Commerce Platform Trendyol GO For $700M

Uber Technologies said Tuesday it will acquire an 85% stake in Turkish food delivery service Trendyol GO for approximately $700 million in cash, expanding its international footprint and signaling long-term investment in Turkey’s delivery market.

Trendyol GO, part of Turkish e-commerce firm Trendyol Group, delivered over 200 million orders in 2024, generating $2 billion in gross bookings — an increase of more than 50% from the previous year. 

Uber expects the deal to contribute to growth following integration, pending regulatory approval. The company said the transaction is expected to close in the second half of 2025.

Trendyol GO currently works with over 90,000 restaurants and markets nationwide and employs a courier network of 19,000. Uber said the acquisition would expand services for local merchants and customers, particularly small and family-owned businesses.

The agreement was announced alongside a separate partnership with autonomous vehicle company Pony AI. Pony AI’s robotaxis will be deployed across Uber’s markets of operation, starting with the Middle East later this year. 

Uber said the autonomous fleet would be introduced in additional international markets over time, marking its latest move into self-driving mobility.

The company has been building up autonomous vehicle partnerships over the past year. On Friday, it announced a partnership with Chinese self-driving company Momenta, with plans to deploy robotaxis in Europe by early 2026. 

Last week, Uber also added Ann Arbor to its list of AV collaborators. Others include Volkswagen, Waymo, Wayve, and WeRide.

Despite the announcements, Uber shares edged lower as markets opened on Tuesday, weighed down by broader market weakness ahead of the Federal Reserve’s two-day meeting on monetary policy.

Uber stock is up nearly 38% year-to-date and has gained about 20% over the past 12 months.

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