Zomato Buys Uber Eats’ India Business for $206M
Uber Eats has sold its India business to food delivery giant Zomato for $206 million, according to an AsiaTechDaily article. The deal was first announced in January, though at the […]
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Uber Sells Its Eats India Business to Rival Zomato
Consolidation in the food delivery sector continues. Today, Uber said it was selling its Eats business in India to local rival service Zomato, according to an article from TechCrunch. The […]
Uber Is in Talks to Sell Its Uber Eats Business in India to Zomato
Food delivery service Zomato is in talks to buy Uber Eats’ India business, sources familiar with the matter told TechCrunch. The deal values Uber Eats’ India business at $400 million […]
Food Delivery Service Zomato Files to Go Public
Zomato, one of India’s leading and largest food delivery startups, announced today it has filed for an IPO from which it plans to raise $1.1 billion. To date, the 12-year-old […]
Report: Indian Delivery Service Zomato Raises an Additional $52M
India-based food delivery service Zomato has raised $52 million in funding from Kora Investments. The Mint was first to report the news, citing a person close to the matter who […]
Food Delivery Service Zomato Raises $62M From Temasek
Indian food delivery startup Zomato has raised a $62 million financing round from Singapore’s state investment arm Temasek Holdings. According to the Economic Times, the transaction was made from Temasek […]
Zomato Cuts 13 Percent of Its Workforce
Zomato, one of India’s largest third-party food delivery services, is cutting 13 percent of its workforce and requiring the rest of its employees to take a pay cut, according to […]
Report: Uber Wants to Buy Grubhub
Uber has made an offer to buy Grubhub, according to a report from Bloomberg. A potential deal could be reached as early as this month and would be an all-stock […]
Uber Eats Is Exiting Eight Markets
Uber Eats Is exiting the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay, and Ukraine, according to a regulatory filing from today flagged by TechCrunch. The company’s ride-hailing business will not […]
Swiggy, Zomato Expand Delivery Services to Groceries and Beyond in India
Swiggy, one of India’s biggest food delivery services, announced this week it has raised $43 million as part of its ongoing Series I round. The round was led by existing […]
Uber Eats Loses Exclusive Contract With McDonald’s in the UK
Uber Eats took another competitive hit this week when it lost its exclusive rights to deliver McDonald’s orders in the UK. Rival delivery service Just Eat announced on Tuesday it […]
What Does Travis Kalanick’s Departure from Uber Mean for the Cloud Kitchen Space?
Just before Christmas, it was announced that Travis Kalanick, the founder and former CEO of Uber, will be leaving that company’s board of directors at the end of this month. […]
