Uber Eats sells itself to Zomato

Uber Eats sells itself to Zomato
Uber Eats, the online food delivery player, is now with Zomato.  The deal was made public on Tuesday.  Uber enjoys a 9.99% ownership in Zomato. The $350 million deal has come to be seen as a major development in the food delivery segment.  

"We entered food delivery in India in 2017 and today is when our journey takes a different route. Zomato has acquired Uber Eats in India and we'll no longer be available here with immediate effect. We wish all our users more good times with great food on the road ahead," Uber Eats declared.

Zomato sees it as "a big day for us and an even bigger one for Uber Eats India – all of us at Zomato want to thank everyone who has contributed to making Uber Eats India what it is today and especially you, the foodies. We look forward to this new beginning and exciting times, together."