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    Zomato acquires UberEats India in all-stock deal, first big consolidation in food delivery space

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    Zomato on Tuesday announced that it has acquired Uber's Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform. According to sources close to the deal, it is in the range of over $350 million or nearly Rs 2,500 crore. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.

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