The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell UberEat’s India business to rival Zomato by the end of this year.
According to a TechCrunch report on Monday citing sources, the deal “currently values UberEats’ India business at around $400 million”.
As part of the deal, “Uber may invest between $150 to $200 million in Zomato”, the report claimed, citing sources.
As an event in Delhi earlier this month, Zomato Founder and CEO Deepinder Goyal said the company is aiming to raise up to $600 million in a new funding round.
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