Zomato set to acquire UberEats India business

  • Thread starter Thread starter Bapun
  • Start date Start date
  • Replies Replies: Replies 1
  • Views Views: Views 1,100
Status
Not open for further replies.

Bapun

Staff member
Community Manager
Joined
3 Nov 2010
Messages
27,006
Solutions
7
Reaction score
36,748
Uber is in advanced stages of talks to sell its food delivery service UberEats’ India business to local rival Zomato as the American ride-hailing giant looks to cut its global spending.

The deal currently values UberEats’ India business at around $400 million, one of the sources said. As part of the deal, Uber may invest between $150 to $200 million in Zomato and get a sizable stake in the 11-year-old Indian firm, people said.

Uber all set to sell UberEats’ India business to Zomato – TechCrunch
 
Status
Not open for further replies.
Back
Top Bottom