Uber has sold its food delivery service in India to local rival Zomato in hopes of cutting losses amid stiff competition for the South Asian market. Uber will now own 9.99 percent of Zomato, while users of the Uber Eats apps and delivery partners will be redirected to Zomato’s platform, the companies announced on Tuesday. Local media, citing sources, says the deal is valued from $300 to 350 million. The San Francisco-based company launched its food delivery service in India in 2017 but has been making losses in stiff competition with Zomato and its rival Swiggy. Uber Eats India is now Zomato. Here's to better food for more
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