Zomato buys Uber Eats in an all-stock deal at Rs.2,485;another 100’s of employees layoff

Online food delivery and restaurant discovery platform Zomato has acquired the Indian operations of Uber Eats, for around $350 million (Rs 2,485 crore), giving Uber about 10% shareholding in Zomato

Important fact is Zomato will not absorb Uber Eats’ team in India, this means around 100 executives will either be reallocated to Uber’s other verticals here or laid off.

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