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Uber plans to stop operating Dosley.
The move, first reported by Axios, comes nearly three years after the ride-hailing giant first moved to acquire the alcohol delivery platform and turn it into a subsidiary. The deal was valued at approximately $1.1 billion in stock and cash.
Uber told FOX Business in a statement that it will close DryZly soon.
“After three years of operating independently within the Uber family, Drizly is closing its doors and giving consumers access to nearly everything from food to groceries to alcohol in one app. “We decided to focus on our core Uber Eats strategy,” said Pierre Dimitri Gore-Coty, Uber's senior vice president of delivery. “We are grateful to his Drizly team for their significant contributions to the growth of the BevAlc distribution category as pioneers in their own industry.”
The Drizly logo on a smartphone placed in Hastings-on-Hudson, New York, USA, on Wednesday, February 3, 2021. Uber Technologies Inc. has agreed to acquire Drizly, a developer of on-demand alcohol delivery apps.$1.1 billion more than at least twice (Tiffany Hagler-Geard/Bloomberg via Getty Images/Getty Images)
The alcohol delivery platform, which was subject to an FTC order in 2022 related to previous data breaches, also confirmed the move by social media platform X.
Uber picks up your prepaid item and delivers it to you
Drizly told X: “We are gradually closing the store. We are accepting orders until the end of March. We will definitely notify you of the last call.''
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| Uber | Uber Technologies Co., Ltd. | 63.65 | +0.45 | +0.71% |
The company's closure marks the end of more than a decade of operations for Drizly in North America. Ahead of the closure, the alcohol delivery platform announced it would be sending users “exclusive” Uber Eats perks.
The number of restaurants actively partnering with Uber Eats has increased by more than 75% year over year to over 600,000 restaurants. (license/image)
Uber currently offers adult customers the option to have alcohol delivered on its Uber Eats platform in 35 states and more than 25 other countries. The company says it hopes to use what it learns from Drizly to further strengthen its offerings in fast-growing categories.
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Uber's overall delivery division generated more than $2.93 billion, accounting for nearly a third of the $9.92 billion in total revenue it generated in the third quarter. The other sectors, mobility and cargo, brought in nearly $5.07 billion and $1.29 billion, respectively.
Last month, the company became a member of the S&P 500.
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