Saturday, November 23, 2024
HomeNews ReportsZomato acquires Uber Eats for Rs 2,485 crore, aims to crack Swiggy's stronghold

Zomato acquires Uber Eats for Rs 2,485 crore, aims to crack Swiggy’s stronghold

While Swiggy is ahead of Zomato in market space, Zomato along with Uber Eats aims at cracking Swiggy's stronghold in the market.

The Indian restaurant aggregator Zomato on 21 January, announced it’s acquisition of Uber Eats, the food delivery app of Uber, the US-based ride-hailing giant. The all-stock transaction gives Uber 9.99% stake in Zomato. Zomato will not absorb Uber Eat employees, which means they will either be absorbed in Uber’s other verticals or could face lay-off, reports Business Today.

The entire deal cost Zomato Rs 2,485 crore. While Swiggy is ahead of Zomato in market space, Zomato along with Uber Eats aims at cracking Swiggy’s stronghold in the market. Uber Eats India tweeted a goodbye note stating that it will be taking a different route after its acquisition by Zomato and will not be longer available with immediate effect.


Zomato founder Deepinder Goyal has stated that Uber Eats users would now become Zomato users and that the user experience won’t be compromised.

The Indian restaurant aggregator Zomato has earlier been in news several times for all the wrong reasons. Last year in an effort to grandstand it had tweeted that ‘food has no religion’ after a Twitter user called Amit Shukla had announced that he did not want a ‘non-Hindu’ deliveryman since it was the month of Shravan and it went against his faith. It had created a quite a storm, and Uber Eats, the food delivery arm of Uber, had further fuelled the controversy by expressing its support for Zomato.

Moreover, after facing severe backlash for delivering ‘moral science’ lectures to social media users instead of food, food aggregator Zomato was caught in a losing battle against its customers and partners.

Join OpIndia's official WhatsApp channel

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staff
OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Swara Bhaskar and her husband Fahad Ahmad go on a rant against EVMs after poll loss, echo already-debunked ‘99% battery’ rhetoric

Fahad Ahmad raised questions about the authenticity of the EVM machines and vowed to write to the Election Commission for a recount. He said, "I hope the results will not be announced for the seat before the recounting is done." However, Election Commission has already debunked the '99% battery' rhetoric.

12 Bangladeshi infiltrators caught at Tripura railway station, had planned to enter other states

GRP and BSF have arrested 12 Bangladeshi infiltrators in a joint operation at Teliamura railway station located in Khowai district of Tripura.
- Advertisement -