Gurgaon-based Food delivery startup and restaurant aggregator “Zomato” has announced the acquisition of Uber Eats business in India. Uber Eats is an Uber Technologies Inc’s food delivery business in India. The acquisition was done in an all-stock deal. The deals provides Uber with the 9.99% ownership in Zomato after the acquisition. The deal is estimated to be pegged at $300-350 million. Uber Eats, having about 26,000 restaurant partners entered the food delivery business in 2017 in India.
Important takeaways for all competitive exams:
India achieved the major milestone in defense innovation as AI powered combat aircraft 'Kaal Bhairava'…
Lieutenant Governor of the Ladakh Mr. Vinai Kumar Saxena inaugurated the high altitude irrigation canal…
Sahdev Yadav has been elected as the President of the South Asian Weightlifting Federation (SAWF).…
The European Union (EU) has included the India in its updated list of countries who…
India assumes the Chair of the Common Criteria Development Board (CCDB) for the 2026-28 term…
The Election Commission of India (ECI) has launched the Phase III of Special Intensive Revision…