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Uber sells food delivery business in India to Zomato

Mimi Sabreena 12:37:00 PM Business

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Uber said on Tuesday it has sold its food delivery business, Uber Eats, in India to local rival Zomato as the American ride-hailing giant races to shed lossmaking operations to become profitable by next year. As part of the deal, Uber would own 9.99% of Zomato and its Eats users would become part of the …

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