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Uber Eats goes to Zomato for $350 million

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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