Home Business Zomato acquired Uber Eats in India in an All-Stock Deal

Zomato acquired Uber Eats in India in an All-Stock Deal

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Uber eats Zomato: Online food delivery and restaurant discovery platform Zomato acquired 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 ET. Uber Eats will cease to exist as a separate brand locally and users on its platform will be redirected to Zomato’s app, said.

Through this deal, Uber Eats India users now become Zomato users. I want to assure Uber Eats India users that their user experience won’t be compromised in any way – if at all, the scale gives us higher density to make our deliveries faster. With Zomato, you’ll realise that we share a common love for great food. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective today.

Zomato acquired Uber Eats in India

About Zomato: Zomato is a restaurant review, restaurant discovery, food delivery and dining out transactions platform providing in-depth information for over 1.5 million restaurants across 24 countries and serves more than 70 million users every month.

About Uber: Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

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