Zomato, the largest company in the food delivery market, has acquired the Indian business of Uber Eats. Under this, Uber Eats will now get 9.99 percent stake from Zomato's business and Uber Eats will cease operations in India.
All hotels, restaurants and related food supply partners related to Uber Eats will now be connected to zomato. This deal has been done by Zomato after raising $ 150 million from investor Ant Financial. Now zomato's share will remain 55 percent.
Deepinder Goyal, CEO of zomato, says that we are proud of the online food delivery business in more than 500 cities and towns in India. Our market position will be further strengthened in the acquisition of Uber Eats.
Uber Eats has about 26 thousand restaurants in 41 cities of India. Uber Eats started its business in 2017. Since the acquisition of Uber Eats, a message is being seen on the app of Uber Eats, which states that he can use Uber Eats outside India.
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