Uber sells its India food delivery business to Zomato

Uber sells its India food delivery business to Zomato

Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial. All Uber Eats customers in India will now be redirected to Zomato but it’s unclear if the acquisition will cause lay-offs.The deal is likely to give Zomato an edge over its rival Swiggy in a fast-growing but fiercely-contested sector.

Chris
Chris
ffcSquall
ffcSquall 3 months

Anyone else think of a zombie tomato when you hear Zomato or is it just me?

FirstCensorshipThenJail
FirstCensorshipThenJail 3 months

Wait they have food in India? /s

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