Food fight set to heat up as Zomato buys Uber Eats in India2 min read 22 Jan 2020, 12:31 AM IST
The all-stock deal allows Zomato to add Uber as a new investor to its shareholder roster as it battles Swiggy
Uber will get a 10% stake in Zomato in a deal that values Uber Eats at $300-350 million
BENGALURU : Zomato Media Pvt. Ltd has acquired the Indian business of Uber Eats, the food delivery business of the ride-sharing giant, in an all-stock deal, adding a powerful new investor to its shareholder roster in its battle against arch-rival Swiggy for supremacy in India.
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