Tuesday, March 3, 2020

Uber sold Uber Eats in India to Zomato for $206M, instead of $350M as previously reported, in return for a 9.99% stake, lowering Zomato's ~$3B valuation (Aditi Shrivastava/The Economic Times)

Aditi Shrivastava / The Economic Times:
Uber sold Uber Eats in India to Zomato for $206M, instead of $350M as previously reported, in return for a 9.99% stake, lowering Zomato's ~$3B valuation  —  Ride-hailing major Uber Inc sold its India food delivery business to larger rival Zomato for $206 million in return for a 9.99% stake, regulatory filings by the US-based firm show.



at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AI has led some employers like L'Oréal to return to in-person assessments during recruiting, as senior HR leaders see a steep rise in AI-generated applications (Bethan Staton/Financial Times)

Bethan Staton / Financial Times : AI has led some employers like L'Oréal to return to in-person assessments during recruiting, as sen...