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What is Zomato Acquires Uber Eats in India about?

Uber Eats was launched in 2014 by Uber Technologies as a food delivery service. By 2019, it was operating in several countries but was underperforming in the competitive Indian market, with estimated monthly losses of $20 million. Zomato saw the acquisition of Uber Eats as an opportunity to gain a competitive advantage over Swiggy and increase its market share. Uber agreed to sell Uber Eats

Author

Achal Jain

Language

EN