Has Zomato Acquires Uber Eats?

GURGAON, India--(BUSINESS WIRE)--Zomato, one of the largest food apps in India, announced today that it has acquired Uber's food delivery business in India in an all-stock transaction, which gives Uber 9.99% ownership in Zomato.

Is Uber Eats acquired by Zomato?

In January, Uber announced that it had sold the India business of Uber Eats to Zomato for a 9.99% stake in the loss-making Indian food delivery startup. ... TechCrunch had reported that Uber Eats' India business — and a 9.99% stake in Zomato — was valued at about $180 million.

In which year Zomato acquires Uber Eats?

Zomato acquired stocks of UberEats for a deal value of 350 million dollars on 21st January 2020.