Zomato acquires Uber Eats for Rs 2485 crore

Zomato acquires Uber Eats for Rs 2485 crore

Zomato acquires Uber Eats for Rs 2485 crore

Gurgaon-based online food delivery and restaurant discovery platform Zomato has acquired the Indian operations of Uber Eats.

Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform.

Uber Eats, having about 26,000 restaurant partners entered the food delivery business in 2017 in India.

The deal provides Uber with the 9.99% ownership in Zomato after the acquisition. the deal is in the range of nearly $350 million or Rs 2,500 crore.

Uber CEO – Dara Khosrowshahi

Zomato CEO – Deepinder Goyal

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