Uber to sell UberEats India to Zomato
Image Credit: shortpedia
Uber is all set to sell its UberEats India business to Zomato in order to cut its global spending. According to the sources Uber Eats's India business values at around $400 million and as a part of the Deal Uber might invest $150-$200 million in Zomato to get a sizable stake in it. Both the companies are still negotiating the terms and if all things go well the deal could be finalized before the end of the year.