Uber sold Uber Eats, the ride-hailing company’s food delivery arm, to rival Zomato today in India. In an all-stock deal, valued anywhere between $300-$500 million, the former will gain a 9.99 percent stake in Zomato. Uber Eats arrived in India back in 2017. Due to stalled growth and increasing losses, rumors of the company selling the business to rivals picked up steam early last year.
Similar Stories to Uber Sells Its Eats Business To Zomato In India on Bing News
Ivan Mehta, The Next Web
Mon, 01/20/2020 - 10:09pm
BING NEWS:
- Uber Eats Tests TikTok-Style Video Feeds in Major Cities
Uber Eats is setting the stage for an innovative way for users to discover new dishes and for restaurants to showcase their culinary creations with the introduction of a TikTok-like video feed.
04/12/2024 - 7:47 pm | View Link - Uber Eats customer: Driver rammed into garage, delivered food, then drove off
PLAINFIELD, Ind. (WISH) — An Uber Eats food delivery could end up costing one customer thousands of dollars. Brock Hardisty tells I-Team 8 that an Uber Eats driver slammed into his garage door ...
04/12/2024 - 11:50 am | View Link - Uber Eats launching short-form-video feed to help merchants promote new dishes, company says
Uber Eats will allow the 1 million merchants on its platform to promote new dishes by following in the footsteps of TikTok, YouTube and Snapchat. A new short-form video feed was designed to help ...
04/8/2024 - 11:30 am | View Link - Uber Eats is joining the ranks of apps that want to be just like TikTok
The food delivery platform is launching a new feature that will allow app users to scroll through a feed of food videos from nearby restaurants, Uber Eats confirmed to Business Insider.
04/8/2024 - 9:17 am | View Link - Uber Eats launches a TikTok-like video feed to boost discovery
the company has revamped its Uber Eats Manager software and added personalized growth recommendations. The software is now capable of encouraging restaurants to grow their business by doing things ...
04/8/2024 - 2:00 am | View Link - More
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