Current:Home > InvestUber shutting down alcohol delivery app Drizly after buying it for $1.1 billion -Horizon Finance School
Uber shutting down alcohol delivery app Drizly after buying it for $1.1 billion
View
Date:2025-04-15 07:05:36
Uber is shutting down the alcohol delivery service Drizly just three years after it was acquired for $1.1 billion, the company has announced.
Drizly, which was acquired by Uber in 2021, announced on social media Monday that its services will be shutting down, with orders for alcohol delivery taken through the end of March.
The company boasted a large selection of beer, wine and liquor, which could be ordered from local retailers through the app and delivered to homes in states and cities where alcohol delivery was legal.
Drizly operated as a standalone app, but it will be integrated into its parent company's food delivery app, Uber Eats, which also offers alcohol, food from restaurants and grocery deliveries.
In a statement to Axios, which first reported on Drizly's closure, Pierre-Dimitri Gore-Coty, Uber's SVP of delivery, said it was time to "focus on our core Uber Eats strategy of helping consumers get almost anything − from food to groceries to alcohol − all on a single app."
"We're grateful to the Drizly team for their many contributions to the growth of the BevAlc delivery category as the original industry pioneer," Gore-Coty added in the statement.
Drizly is not the only delivery brand that Uber acquired. It launched its own food delivery competitor Uber Eats in 2015, then acquired Postmates in 2020, which also delivers food, alcohol and groceries.
veryGood! (94117)
Related
- The Best Stocking Stuffers Under $25
- Thousands of Israelis return home to answer call for military reserve duty
- Darren Aronofsky says new film at Sphere allows viewers to see nature in a way they've never experienced before
- State Department announces plan to fly Americans out of Israel
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- US says it found health and safety violations at a GM joint venture battery plant in Ohio
- South Korea says it expressed concern to China for sending North Korean escapees back home
- How Birkenstock went from ugly hippie sandal to billion-dollar brand
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Horoscopes Today, October 12, 2023
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Kaiser Permanente reaches a tentative deal with health care worker unions after a recent strike
- Nearly 500,000 Little Sleepies baby bibs and blankets recalled due to potential choking hazard
- I mean, it's called 'Dicks: The Musical.' What did you expect?
- Skins Game to make return to Thanksgiving week with a modern look
- African leaders react as Israel declares war on Hamas
- US says it found health and safety violations at a GM joint venture battery plant in Ohio
- Jacob Wetterling's mom speaks out on son's case, advocacy work ahead of new book
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
17 Florida sheriff's office employees charged with COVID relief fraud: Feds
As Israel battles Hamas, all eyes are on Hezbollah, the wild card on its northern border
Deputies recapture Georgia prisoner after parents jailed for helping him flee hospital
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Nearly 500,000 Little Sleepies baby bibs and blankets recalled due to potential choking hazard
What is Friday the 13th? Why people may be superstitious about the day
Ex-Indiana officer gets 1 year in federal prison for repeatedly punching handcuffed man