When it comes to food-delivery apps, the first two names that pop in our mind are Uber Eats and Zomato. While UberEats is owned by the ride-hailing giant Uber, Zomato’s roots come from India.
There is a lot of content on the internet that compares the two of them to find out which one is best. But, what if we say that competition is now over? Yes, at least in India.
Now, when UberEats users in India open the app, this is what they get:
As per the recent reports, food delivery and restaurant finder app Zomato has purchased the operations of UberEats in India, the food delivery app founded and maintained by Uber, for around Rs 2,485 crores. Here are some important announcements of the deal:
- In their official blog post, Zomato said the deal gives Uber a 9.99% ownership in Zomato.
- Zomato will whole-heartedly welcome the Users and Delivery Personnel of UberEats in India.
Neither company revealed the financial details of the deal. But, as per the researchers, the amount that Zomato paid to acquire UberEats is $350 million and with it, Zomato became the undisputed market leader in the food-delivery business. Let’s see how this will impact the food-delivery industry in India.
