// startup autopsy
Cornershop (Pre-Uber Era)
Chile's grocery delivery pioneer, absorbed by Uber and stripped of independence.
acquisition gone wrongAcqui-hire
Fatal mistake: Governance
// the model, blind
Evaluating only Cornershop (Pre-Uber Era)’s profile at its peak — without knowing the outcome — the model ranked Unit economics as the #1 likely cause. Documented cause: Acquisition gone wrong.
Key Events Timeline
FOUNDING
Cornershop founded in Chile by Oskar Hahn, Melina Furman, and Juan Pablo Yáñez to provide same-day grocery delivery in Latin America.
FUNDING
Cornershop raised Series A funding to expand operations across Mexico, Colombia, and Argentina beyond Chile.
PRODUCT LAUNCH
Cornershop expanded its grocery delivery service to over 350 cities across Latin America, achieving regional market leadership.
ACQUISITION ATTEMPT
Walmart approached Cornershop for acquisition but negotiations collapsed after failing to reach acceptable terms.
ACQUISITION ATTEMPT
Uber acquired Cornershop for $1.4 billion and integrated its technology into Uber Eats, ceasing independent operations.
SHUTDOWN
Cornershop brand was fully deprecated as Uber transitioned Latin American grocery delivery users to the Uber Eats platform.