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Zomato Buys Uber's Food Delivery Business In India

Zomato, Indian restaurant aggregator and food delivery start up, said that it has acquired Uber's food delivery business in India in an all-stock deal. The deal gives Uber 9.99% ownership in Zomato.

Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective today.

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