Indian food delivery unicorn Zomato in talks to acquire UberEats: Report

Photo: Zomato

Silicon Valley-headquartered ride-hailing giant Uber is in advanced talks to sell UberEat’s India business to rival Zomato, signaling a big churn in the hotly contested online food delivery industry in India.

The proposed transaction pegs the valuation of UberEats‘ India business at around $400 million, per a report by TechCrunch.

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