Uber Eats India acquisition - discuss

Jan 20, 2020 6 Comments

Zomato, one of the largest food apps in India, announced today that it has acquired Uber’s food delivery business in India in an all-stock transaction, which gives Uber 9.99% ownership in Zomato.

what is zomato’s latest valuation like ?

P.S. 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.

I am wondering what sort of acquisition is this where zomato has no access to the tech stack of Uber india. #Uber #M&A

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