Uber Sells Food Delivery Business In India To Zomato

Manish Singh, TechCrunch
Mon, 01/20/2020 - 7:51pm

Uber said on Tuesday it has sold its food delivery business, Uber Eats, in India to local rival Zomato as the American ride-hailing giant races to shed lossmaking operations to become profitable by next year. As part of the deal, Uber would own 9.99% of Zomato and its Eats users would become part of the Indian company, the two loss-making firms said.

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