Zomato orders Uber Eats: Zomato acquires Uber Eats in an all-stock transaction


Online food delivery and restaurant discovery platform Zomato has acquired the Indian operations of Uber Eats, the food delivery business run by Uber, for around $350 million (Rs 2,485 crore), two people in the know of the deal said.

The all-stock transaction will give the US-based ride-hailing company about 10% shareholding in Gurgaon-based Zomato. Uber Eats will cease to exist as a separate brand locally and users on its platform will be redirected to Zomato’s app, said one of the people privy to the details. Zomato will not absorb Uber Eats’ team in India. This means around 100 executives will either be reallocated to Uber’s other verticals here or laid off.

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