Similar Stories to Uber Sells Food Delivery Business In India To Zomato on Bing News

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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BING NEWS:
  • Sari shops and street food stalls: How e-payments have taken over India
    Here’s how digital payments, made through systems like the Unified Payments Interface (UPI), have transformed life in India.
    04/29/2024 - 9:45 am | View Link
  • Blinkit more valuable than Zomato’s food delivery business, says Goldman Sachs
    The firm forecasts Blinkit’s gross order value will rise at a compounded annual growth rate (CAGR) of 53% between FY24-FY27, driving Zomato’s overall adjusted revenue CAGR of 32%, while the gross ...
    04/26/2024 - 2:00 pm | View Link
  • Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
    while Zomato’s food delivery business is valued at Rs 98 per share. Goldman previously pegged Blinkit’s valuation at $2 billion in March 2023. Blinkit’s valuation surge is driven by its strong growth ...
    04/26/2024 - 10:08 am | View Link
  • Blinkit now more valuable than Zomato food delivery business: Goldman Sachs
    Goldman Sachs has valued Blinkit at Rs 119 per share, which is higher than Zomato's core food delivery business valued at Rs 98 per share.
    04/25/2024 - 9:21 pm | View Link
  • Ola pulling out of New Zealand: What does it mean for passenger fares and will Uber raise prices?
    Uber still faces competition in its New Zealand food delivery business from the likes of DoorDash and DeliverEasy. Paridhi Bakshi is one of 12 cadets in the Te Rito journalism programme ...
    04/24/2024 - 6:03 am | View Link
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