Zomato acquires Uber Eats
January 21, 2020
Online delivery food platform Zomato has acquired the Indian operation base of Uber Eats.
Uber Eats is another food delivery platform run by Uber, who has sold Uber Eats India at $350 million dollars i.e. Rs 2,485 crore.
This is an all-stock transaction that means it will give a 10% shareholding in Zomato.
According to ET, Uber was to almost sell the business to Swiggy but the deal didn’t happen.