Zomato in higher have a discussions to Buy Uber Eats’ India Business statement

Uber Eat business to Zomato
By the end of this year, the online food delivery industry in India was on fire as Uber entered the advanced stages of selling India's Uber Eat business to Zomato. As per Monday's TechCrunch report, sources said, "Uber is currently a $ 400 million deal for Eats India." "Uber can invest from $ 150 million to $ 200 million in Zamato," the report said.

At an event in Delhi earlier this month, Zomato founder and CEO Deepinder Goyal said the company aims to raise up to $ 600 million in the new funding round. When contacted, Zomato said it would not "comment on rumors or sanctions." Despite coming to the Indian market in 2017, Uber Eats has not entered the online food delivery segment.

Zomato in higher have a discussions to Buy Uber Eats’ India Business statement

 enough to reach rival Zomato
Zomato is currently placing more than 1.3 million orders from 150,000 restaurants in India to over 10 orders a day. Swiggy has expanded its service to 500 cities in India, enough to reach rival Zomato in the country. Swiggy added 60,000 new restaurants in the last six months and said it would expand to 600 cities by December 2019.

Since April 2019, Swiggy has increased the number of restaurant partners to nearly 1.8 times the current 1.4 lakh restaurants. Specializing in Tier-3 and Tier-4 cities, Swiggy has entered more than 15,000 restaurants in the last six months.

Market Research Future
According to a recent study by business consultancy firm Market Research Future, the online food ordering market in India is expected to grow 16% to $ 17.02 billion by 2023.

Uber Eats started its business in India in May 2017, where the food distribution business is booming. However, it could not beat other local players. Last year, Swiggy placed 8 million orders a day, while Zomato delivered 6.5 million. Uber Eats can handle only 1.5 million to 2 million orders.

Earlier, Uber CEO Dara Khosroshahi suggested that the Indian market was likely to go out of business. Uber, unable to adequately compete with local rivals, has already diversified its business in Russia, China and Southeast Asia in recent years. In mid-October, Uber placed 350 employees on several different teams, including the Eats.

Post a Comment