Hydrockers Posted January 21, 2020 Report Posted January 21, 2020 Ippudu swiggy vadi position enti Quote
Assam_Bhayya Posted January 21, 2020 Report Posted January 21, 2020 Uber vaadu etla ammadu, enduku ammadu, uber vadey manage cheyalekha poyana or not felt profitable anymore ? Quote
tacobell fan Posted January 21, 2020 Report Posted January 21, 2020 The deal is closed about a month ago I guess, no? Quote
Jambhalheart Posted January 21, 2020 Report Posted January 21, 2020 zomato is indian company which bought UBER eats (US company) which means its pretty good yaa Quote
Hydrockers Posted January 21, 2020 Author Report Posted January 21, 2020 4 minutes ago, Jambhalheart said: zomato is indian company which bought UBER eats (US company) which means its pretty good yaa Only india operations anukunta baa Quote
Assam_Bhayya Posted January 21, 2020 Report Posted January 21, 2020 Uber Eats to discontinue operations in India Food delivery platform Zomato on Tuesday has said that it has acquired Uber’s food delivery business -- Uber Eats -- in India in an all-stock transaction. With this, Uber Eats will discontinue operations in India. It will direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from 7 am on Tuesday. However, the deal gives Uber 9.99 per cent ownership in Zomato. “We are proud to have pioneered restaurant discovery and to have created a leading food delivery business across more than 500 cities in India. This acquisition significantly strengthens our position in the category," Deepinder Goyal, Chief Executive Officer (CEO) of Zomato said. Sources familiar with the deal told BusinessLine that Uber Eats was not doing well in India and was not meeting the company's target of being number one or two in the business. It was losing business by around 20 per cent of the company's EBIDTA margins and therefore decided to sell the business to Zomato. Quote
r2d2 Posted January 21, 2020 Report Posted January 21, 2020 9 minutes ago, Hydrockers said: Only india operations anukunta baa Correct..”Online food delivery and restaurant discovery platform Zomato has acquired the Indian operations of Uber Eats, the food delivery business run by Uber, for around $350 million (Rs 2,485 crore), two people in the know of the deal said.” Quote
Kool_SRG Posted January 21, 2020 Report Posted January 21, 2020 1 hour ago, Hydrockers said: Ippudu swiggy vadi position enti Oh Swiggy & Zomato were in talks of merger some time back now a new twist... Quote
Kool_SRG Posted January 21, 2020 Report Posted January 21, 2020 19 minutes ago, Assam_Bhayya said: Uber Eats to discontinue operations in India If I am right amazon had bit of share in Uber Eats... Quote
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