Tag: Uber Eats

The two companies announced that Uber has decided o sell its Indian food delivery business to Zomato by diluting a 99.9% stake. The deal is finalized around $350 million leaving food delivery business a battle between two naming players, Zomato and Swiggy.

Zomato is raising $150 million from investor Ant Financial, an Alibaba associate, at a cost of $3 billion for the food delivery start-up. The latest funding from enduring investor Ant Financial values Zomato at $3 billion, Info Edge, the origin of Zomato, stated in a statement to stock markets.