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Uber is thought to be selling its Uber Eats business in India for $400 million - Business Insider

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Uber is thought to be selling its Uber Eats business in India for $400 million

Uber Eats will reportedly sell its Indian business to a local rival, Zomato, for $400 million.

Zomato, which also aggregates restaurants and operates in many countries around the world, is thought to be close to finalizing a $600 million funding round.Uber will reportedly sell its Indian Uber Eats business to local rival Zomato for $400 million., which claims negotiations are at "advanced stages." Reports of Zomato's possible acquisition of Uber Eats' Indian business first emerged last month.

 

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Smart move...India very high tech very easy to duplicate Uber eats and Indians loyal to local tech/brands...technically isnt even a 'sale'..Zomato on top kudos

Herh my money be $399 million. Dem go take? Please Im waiting for feedback

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