Uber Eats no more in compition, Zomato takes it for around 2,485 crore
Zomato acquired Uber Eats for around $350 million
The year 2019 was as bad for economy and jobs, the famous app Uber Eats was too swollen by the losses. According to reports, the losses were grown to 16% than the previous year. As the market capture to reduced to 8% from 12%. Furthermore, the losses are unbearable in such a competition, thus Uber decided to sell the Uber Eats India to Zomato.
Since Zomato acquired Uber Eats, All Uber Eats customers in India will be shifted to Zomato from 7.00 am on January 21. Zomato said Uber Eats in India would discontinue operations and direct restaurants and delivery partners to the Zomato platform, effective January 21.
All You Need To Know
The Uber Eats app is no more working, when you open the app the UI is shown as
You can resolve your craving for food on Zomato.
Here are the following steps to start with Zomato :
- Go to Google Play Store, Download Zomato app
- Open app and login with your Facebook, Mail or Google Account.
- Now you are ready to give orders.
Moreover the news, the deal for Uber Eats was around $350 million ( INR 2,485 cr). The all-stock transaction will give the US-based ride-hailing company about 10% shareholding in Gurgaon-based Zomato, they told ET.
Zomato will not absorb Uber Eats’ team in India. This means around 100 executives will either be reallocated to Uber’s other verticals here or laid off. Zomato and Uber declined to comment when ET contacted them.
There will not be any hassle for the users to order food since all things will get arranged bu Zomato as soon, the great move on competition will surely be beneficial for Zomato as Uber Marketing was however done losses to Zomato.