Uber sells its India food delivery business to Zomato in all-stock deal
Uber sells its India food delivery business to Zomato in all-stock deal The deal is applicable only in India and Uber Eats will continue to operate in Bangladesh and Sri Lanka Current Affairs :Uber on Tuesday declared the offer of its nourishment conveyance business in India to Zomato in an all-stock arrangement. Uber will get a 9.9 percent stake in Zomato as a feature of the arrangement whose size has not been uncovered. The arrangement for Uber Eats, which works in 41 urban areas, was marked at 3 am, and its clients will be moved to the Zomato application from 7 am. Around 245 Uber Eats representatives will be influenced by the arrangement. In any case, sources in Uber India state they will be in the compensation moves till March 31 and that the organization is bending over backward to assimilate some of them and offer help to the rest in securing positions. The arrangement is material just in India and Uber Eats will keep on working in Bangladesh and Sri Lanka. As p...