Uber cuts losses from Eats business in India with sale to Zomato
BENGALURU – Uber (UBER.N) has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial. Zomato, valued at around $3 billion after raising money from Ant this month, will take over Uber […]
