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

By Sibel Morrow and Mucahithan Avcioglu

ISTANBUL (AA) - 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 conclude 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 have been incredibly impressed by what the Trendyol GO team has built and are excited to extend that momentum across Türkiye,” he said, adding that the company’s goal is to deliver more value to consumers, couriers, and especially small and family-run businesses.

“This deal reflects our long-term commitment to Türkiye, 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 added.

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

"This agreement is a testament to the strength of Türkiye’s technology and e-commerce sectors and the resilience of our economy," he added.

Trendyol aims to provide uninterrupted services to consumers, support the growth of small businesses and producers, and contribute to the country’s economic development, Cetin said, adding: “As always, we remain committed to investing in Türkiye and will continue to explore new growth opportunities.”

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

The platform hosts roughly 90,000 restaurants and 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.