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Uber Eats goes to Zomato for $350 million

Tuesday, January 21, 2020, 4:49 PM

Online food delivery and restaurant discovery platform Zomato has acquired the Indian operations of Uber Eats, the food delivery business run by Uber, for around $350 million (Rs 2,485 crore), two people in the know of the deal said. The all-stock transaction will give the US-based ride-hailing company about 10% shareholding in Gurgaon-based Zomato, they told media.
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Reliance setting up small stores for last-mile delivery

Tuesday, January 21, 2020, 4:05 PM

Reliance Retail is aggressively ramping up a new network of grocery stores that will also be used for last-mile delivery of food and grocery as part of the Mumbai conglomerates ambitious omnichannel venture. Reliance plans to open thousands of small outlets called Reliance Smart Points in various cities in neighborhoods as part of its omni-channel play, according to two people familiar with the development.
 
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Hindustan Coca-Cola appoints Melvin Tan as CFO

Monday, January 20, 2020, 4:28 PM

Hindustan Coca-Cola Beverages on Monday appointed Melvin Tan as its new chief financial officer, who will also be part of its senior leadership team reporting to chief executive Christina Ruggiero. Tan, a graduate from the University of Sheffield in England, with an honours degree in accounting and financial management, joined the Coca-Cola system in 2010 after spending a decade with KPMG and Honeywell.

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