Zomato Buys Uber’s Food Delivery Business Uber Eats In India For $350 Million: Report.Uber Eats now Zomato, Uber Eats Sell India Business to Zomato. Uber Sells Food Delivery Business in India, as per latest news Zomato buys Uber’s Indian food delivery business.
- Zomato buys Uber Eats stake, shares to save 9.9%
- Uber Eats was not able to do anything good in India, so decided
- Only food delivery company acquired, cab service will continue
We have announced today that Zomato has acquired Uber Eats in India. As such, you will no longer be able to order from Uber Eats in India, but you will be able to enjoy your favourite meals with exciting offers tailored for you on Zomato.
You can still get rides via the Uber app, which remains active and available. And you can still use Uber Eats if you’re traveling outside India. Until then, we hope you will enjoy many more tasty moments and discover great restaurants around you on Zomato.
Zomato, the online food delivery company, has acquired Uber Eats India. According to information quoted by sources, Uber will now hold only 9.9 per cent shares. Let us know that Uber’s food delivery branch, which provides cab service, was not able to do anything good in India. As such, there were already reports of it being sold in the hands of its rival Jomato.
It is being told that Uber has its own company policy that if they are not first or second in the market then they leave the market. In such a situation, this decision is believed to be taken under this policy. However, company sources have clarified that the acquisition is only for Uber Eats in India. Uber Eats will continue its services in other countries of the world. The company has also clarified that the contract is only for Uber Eats and not for Uber Cabs.
Uber Cab has targeted to expand service to 50 to 200 cities in the current calendar year. In this, more focus will be placed on bike service. Uber is said to have taken this decision to focus on its cab services.