Zomato acquires UberEats India in all-stock deal, first big consolidation in food delivery space
Zomato on Tuesday announced that it has acqu...
Zomato acquires Uber Eats in an all-stock transaction
Zomato has acquired the Indian operations of Uber Eats, the food delivery biz run by Ub...
Watch: Info Edge India's Sanjeev Bikhchandani on Zomato-UberEats $350 mn deal
Zomato on Tuesday announced that it has acquired Uber's Food De...
Info Edge shares rise over 3% after Zomato-Uber Eats deal
Zomato on Tuesday said it has acquired the Indian business of Uber Eats in an all-stock deal.
Worried over stressed assets in Axis Bank balance sheet: Yogesh Mehta
On the NII front, I am projecting 14-15% growth for Axis Bank.
We are long-term, patient capital; in no hurry to exit Zomato: Sanjeev Bikhchandani
Zomato is stable, sound and solid. We are happy to hold on to a good company forever. It also has a lower cost of customer acquisition which gives it the flexibility to cut burn and still not drop in volumes. It can go public overseas but if it has to go public in India, it has to make profit first .
Food aggregators aren’t restaurants’ enemies: Merrill Pereyra, MD Pizza Hut India
Merrill Pereyra, who has come from global franchise chain QSR Brands in Malaysia, is the first outsider head of Pizza Hut India. All his predecessors have been elevations from within Yum! Brands that operates Pizza Hut, KFC and Taco Bell restaurant chains in the country.
Cloud kitchens on boil as DPIIT checks FDI compliance
Govt is set to make clear if cloud kitchens, started by food-ordering platforms, violate FDI rules.
Swiggy seeks higher commissions from restaurants in certain regions
The food delivery firm is looking to get restaurants to fund a larger chunk of promotions.
Zomato frontrunner to acquire UberEats
Talks for the acquisition come even as Zomato is in the midst of raising capital where it has already got a commitment from existing backer Ant Financial for $200 million. The funding round will value Zomato over $3 billion, and a potential share-swap may also happen using that benchmark.
Zomato-UberEats deal: Cab company may invest up to $200 million
If the merger goes through, Zomato and UberEats may emerge as the biggest by number of orders and size ahead of Swiggy in a hotly contested and cash-intensive online food delivery market.
Travis Kalanick is exiting his Uber holdings very quickly
A new California law is giving gig-economy workers the right to a minimum wage. Uber also faces problems related to sexual assault and a fatal roadside incident involving a self-driving car in Arizona.
Uber Eats focuses on aggressive expansion in India
The company said it has added thousands of restaurant partners across the 44 cities it operates in here. "We are aggressively looking at expanding our presence in the country,” Uber Eats Head of Operations India and South Asia Bansi Kotecha told.
UberEats India devours firm's global numbers
Uber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the company said in a statement.
Zomato, Swiggy, UberEats reduce discounts as food delivery market grows cold
Across the sector, monthly growth fell to 1-2% between Aug and Oct, hurt by a slowdown in consumer spending, cut in discounts and promotions.
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