Zomato bought Uber eats India for $206 million
Nabanita Dutta
News Editor
Image Credit: shortpedia
According to the regulatory filings by Uber, it has been revealed that Uber Eats India was sold to Zomato for $206 million. Zomato’s valuation stood at over $3 billion in January. However, it seems that it’s been discounted during its buyout of Uber Eats India. The Uber deal was done at a lower valuation as it didn’t have any rights that a primary investor usually gets, including liquidation preference, RTI acts, etc.
