Zomato has confirmed the purchase in India of Uber’s food supply business, Uber Eats. This indicates that the Uber Eats service in India will no longer work and has been merged with Zomato.
On its Twitter handle, the organization publicly announced this order. The tweet reads that “In 2017 and today our journey takes another direction, I joined the food supply chain in India. Zomato in India purchased Uber Eats so we won’t be immediately available here. With great food on the road ahead, we wish all our consumers more good times.
It ensures that Uber will own 9.99% of Zomato. According to a report, the acquisition is estimated at or about $350 million. Rs 2,492 crore. Rs 2,492 crore. In 2017, Uber Eats launched the food supply venture, Uber Eats. Yet Swiggy, which dominated the market for food supplies in the region, was not able to cope.
Uber Eats will stop operating the Zomato platform today with direct restaurants, delivery partners and users of Uber Eats apps. Zomato also announced that supplier partners that were previously associated with Uber Eats India will be on its website. The company revealed that the user’s account is being transferred to Zomato. For the next three orders and three months exclusive to the Zomato Gold membership, Customers who have switched from Uber Eats will get 50 discounts.
Dara Khosrowshahi, CEO Uber, posted on the purchase, “Our Uber Eats team in India has been incredible in last two years and I have not been able to be more proud of her creativity and commitment.” India continues to be an exceptionally important market for Uber and our local touring company, which nowadays is obviously the leading segment, will continue to grow. The potential of Zomato to quickly expand in a capital-efficient way inspired us very much, and we wish them success continued.