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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
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
