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Zomato acquires UberEats India for ₹2,500 crore

Jan 21, 2020 12:51 IST

The online food delivery platform, Zomato on Tuesday announced that it has acquired Uber's food-delivery business in India in an all-stock deal. As per the deal, Uber will have 9.99% stake in the Deepinder Goyal-led food delivery platform. According to the reports, the deal is in the range of over $350 million or nearly ₹2,500 crore. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.

Global Business