Скачать или смотреть Uber sells food delivery business in India to local rival Zomato

Uber Technologies is selling Uber Eats in India to local rival Zomato, in a deal reported to be worth about $172 million. The sale underscores the ride-hailing giant's effort to cut back on loss-making operations. Industry experts said the sale does not come as a surprise. Uber Eats was making losses since it began operations in India in 2017. After the sale is completed, all of Uber Eats' customers will automatically become Zomato customers. Zomato, which recently secured $150 million in funding, is now worth a whopping $3 billion.

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