Uber has finalized a €13 billion deal to acquire Delivery Hero, the parent company of food delivery platform Glovo, just one day after shutting down its ride-hailing operations in Nigeria after 12 years.
The acquisition, announced on September 3, 2026, positions Glovo as a core part of Uber’s delivery strategy, with Nigeria playing a starring role.
Glovo’s Nigerian operations delivered over 38 million items in the past year, making it the company’s fastest-growing market globally.
On September 2, Uber officially ended its ride-hailing services in Nigeria, where it had operated since launching in Lagos in 2014.
The company also exited Uganda as part of a global restructuring that saw about 3,300 jobs cut worldwide, roughly 10% of its workforce.
In an email to customers, Uber cited intense competition from rivals like Bolt, rising fuel costs, currency volatility, and regulatory challenges as reasons for the pullout.
Despite Uber’s exit from ride-hailing, the company will retain a strong presence in Nigeria through Glovo, which continues to operate its delivery services across the country.
The €13 billion deal is expected to close in early 2027, pending regulatory approvals. Bolt and InDrive remain the leading ride-hailing options in Nigeria following Uber’s departure.
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