As per a report by Techcrunch, American online food ordering and delivery platform, Uber Eats has entered advanced stages of talks to sell its India business to rival Zomato. As part of the deal, “Uber may invest between $150 to $200 million in Zomato”.
This comes after Uber Eat’s failed to make its presence felt in the Indian market against the likes of home-nurtured Zomato and Swiggy. Zomato is currently delivering 1.3 million orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Earlier reports of a merger between Zomato and Swiggy also surfaced on the web.
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