Zomato buys UberEats in all-stock deal in India for Rs 2,500 crore

Zomato on Tuesday announced it has acquired the Indian business of Uber Eats in an all-stock deal and Uber will give Uber 9.99 per cent stake in Deepinder Goyal-led Indian food delivery and restaurant discovery platform.​ Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective Tuesday.

from IndiaTV Business: Google News Feed https://ift.tt/2NM4ji7
via Today’s News Headlines