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Uber Technologies Inc stated that it would acquire a majority stake in Cornershop, an online grocery provider based in Chile, founded by the Swede Oskar Hjertonsson. The ride-hailing company is in plans to buy stakes in this company as it seeks to expand its fast-growing food delivery app and includes groceries and other goods.

Founded in 2015 by Daniel Undurraga, Juan Pablo Cuevas, and Oskar Hjertonsson, Cornershop is an on-demand grocery delivery service for the Latin American market. While its headquarters is located in Santiago, Chile, Cornershop backed by Accel, ALLVP, Creandum, and JSV also operates in Mexico, Peru, and Canada, and aims to expand into many more countries around the world. As of now, the sum of the deal is undisclosed.

Why Cornershop?

Cornershop now operates in Chile, Mexico, Peru, and…

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