Zomato acquired Uber Eats India in an all-stock deal for USD350 Million

Indian food delivery market is quite diverse and has an ample number of food delivery applications with Swiggy and Zomato occupying a lion’s share in the market. In order to increase its market share, Zomato has acquired Uber Eats, which is an online food ordering & delivery platform owned by Uber, in an all-stock deal worth USD350 million. This recent conjunction of Zomato and Uber Eats is expected to enhance the customer base for Zomato as this new combination will allow the company
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