A report suggests that the deal value is estimated at around $350 million.
While there had been talks for the audition for quite sometime the announcement comes today.
Uber Eats had not been able to gain momentum in the country right from its launch in 2017 where Zomato was already an established player in the food ordering and delivery business. Other local competitor Swiggy made this difficult for Uber to aquire a market share.
Zomato said Uber Eats in India would discontinue operations and direct restaurants, delivery partners, and users to the Zomato platform, effective immediately .
Statement released by Uber Eats reads-
"We have announced today that Zomato has acquired Uber Eats in India. As such, you will no longer be able to order from Uber Eats in India, but you will be able to enjoy your favourite meals with exciting offers tailored for you on Zomato.
You can still get rides via the Uber app, which remains active and available. And you can still use Uber Eats if you're traveling outside India. Until then, we hope you will enjoy many more tasty moments and discover great restaurants around you on Zomato."
You can still get rides via the Uber app, which remains active and available. And you can still use Uber Eats if you're traveling outside India. Until then, we hope you will enjoy many more tasty moments and discover great restaurants around you on Zomato."
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