- Joined
- 3 Nov 2010
- Messages
- 29,095
- Solutions
- 16
- Reaction score
- 41,623
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
