Food Delivery App Zomato Acquires Uber Eats for Rs. 2,485 Crore
GUWAHATI: Zomato has acquired Uber Eats for around Rs 2,485 crore ($350 million) in an all-stock deal.
With this deal the ride-hailing app- Uber Eats gets a 10 percent stake in Zomato.
Uber Eats will seize to exist as a separate Uber brand in India now and all its customers will be automatically redirected to Zomato's app.
It is to be mentioned that if a customer now opens the Uber Eats App, it says, "Uber Eats in India is now Zomato."
Uber Eats coming onboard with Zomato will surely give more firepower to take on rival food delivery App- Swiggy.
Zomato has operations across 24 countries and serves more than 70 million users every month.
Screen grab from the Uber Eats App