Zomato buys Uber's Indian food delivery business
Zomato said it bought Uber`s food delivery business in the country in an all-stock deal that gives the ride-hailing app a 10% stake in Zomato, which is backed by Alibaba`s Ant Financial.
Zomato said Uber Eats in India would discontinue operations and direct restaurants, delivery partners, and users to the Zomato platform, effective Tuesday. Photo: Reuters