In a deal worth about $350 million or Rs samsung hoesjes 2,485 crore, the all stock transition will grant Uber about 10 percent shareholding in Zomato, reports ETTech. After the cover samsung 7 edge amazon deal, Uber cover samsung f Eats as a standalone app will cease to exist. Further, it's users will be redirected to Zomato's app, the report reveals. coque iphone Also Read Zomato all set to launch original shows on September 16
However, despite the deal, Zomato will reportedly not be absorbing custodia cover samsung s9 plus the team working at Uber Eats. coque huawei Hence, about a cover samsung galaxy advance hundred executives will be relocated within other Uber verticals or be custodia samsung s9+ laid off. Also Read Zomato suspends Dining programme cover samsung galaxy j5 tinta unita amidst ongoing battle with cover samsung galaxy note 5 restaurants
The Zomato Uber Eats deal cover samsung custodia cover huawei p30 prezzi wasn a sudden move
The deal between Zomato and Uber Eats was reportedly in the works for cover samsung grand neo plus vans over a year. The execution of the move marks cover samsung ace 3 s7275 a big step in the big food delivery industry in the country, currently led by Zomato and competitor Swiggy. In a somewhat similar move, cab service Ola bought Foodpanda from its German parent company Delivery Hero. However, Ola hasn't really impacted the industry with the deal since.
The Uber Eats cover samsung tab s2 10.1 buyout was reportedly helped amazon cover samsung j 3 by Zomato's custodia cover iphone 11 latest fundraising which was led cover samsung j5 2017 versione europea by Ant Financial. The Alibaba affiliate boosted Zomato with $150 million at a $3 billion valuation. coque iphone On the other hand, Uber wasn't doing very well with the food aliexpress cover samsung s5 delivery business. The company had projected an operating loss of Rs 2,197 crore in its food delivery business for five months through December. Uber had also mentioned in its quarterly results announcement that the food delivery business had been a drag for the company.
Now, with Zomato acquiring Uber Eats, the market share of food delivery is likely to tilt in Zomato's favor. Also getting the customer base of both apps now, Zomato could enjoy a 50 55 percent market share in the industry post the cover samsung s4 gt i9505 deal.