Uber launched its online food delivery service Uber Eats back in 2017. Today Zomato has announced that it has acquired Uber Eats’ India business in an all-stock transaction, which gives Uber 9.99% ownership in Zomato. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective today.
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