Zomato acquires Uber Eats in an all-stock transaction
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Zomato, the online food delivery and restaurant aggregator platform, on Wednesday announced that it has acquired Uber Eats’ business in India in an all-stock deal that will see the ride hailing company’s food delivery business being directed to Zomato starting today.

In a blogpost on Wednesday, Zomato said the deal gives Uber a 9.99% ownership in Zomato. 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.

The move is aimed at cutting losses at the ride hailing company’s food delivery business in India that has been a drag on the company’s earnings.

Zomato acquires Uber Eats in an all-stock transaction

Zomato acquires Uber Eats business in India to consolidate position

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform

Zomato acquires Uber Eats business in India in an all-stock deal



Zomato acquires Uber Eats in all-stock transaction

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