Zomato Acquires Uber Eats, to Become India’s No.1 Food Delivery Portal!

Zomato has acquired local rival Uber Eats, for a 9.99% stake in the startup backed by China`s Ant Financial. And this all-stock deal might fuel in making Zomato the king of the Indian food delivery market, in future. In fact, it can surpass Swiggy, which is at present India’s largest and most valuable food delivery app.

 

The deal was sealed at $350million.

#Zomato buys #UberEats India for $350M. pic.twitter.com/2HtXbSOMzB

— Balaji Duraisamy (@balajidtweets) January 21, 2020

 

Uber Eats made it official on its Twitter handle, with the below statement:

 

However, for all those having queries regarding their existing account in Uber Eats or alike, the portal shared a help link, “We’ll be shutting down our page down now. If you have any queries, please feel free to reach out to our customer service. We are still available through http://help.uber.com/ubereats – thanks for being with us and making our journey worthwhile”.

 

Dara Khosrowshahi, Uber`s chief executive officer has said, “India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business,”.

 

This deal, which is said to be by far the largest acquisition in the Indian online food delivery domain, is creating ripples in the international market as well. 

 

Uber Eats that pulled out of South Korea now will be closing its operations in India, however, will stay active in Bangladesh and Sri Lanka.

 

As soon as the news came to light, people started sharing their opinions, and a large section of them are clearly unhappy with this takeover:

 

#UberEats acquired by #Zomato I don’t like zomato ☹️ & had uninstalled Zomato coz of poor service. Besides they dont have Cash on delivery option. How stupid!! Every app- Swiggy etc has it @ZomatoIN & BTW what happened to the credits that I had in my Uber account?? @UberEats_IND pic.twitter.com/imD7tUkNIz

— Rosy (@rose_k01) January 21, 2020

NOOO! #Zomato is great to check restaurant reviews, photos & menu but food ordering SUCKS! The delivery charge and "taxes" is always the same price as the food ordered it takes forever to feliver. I will miss #UberEats You were great as single, sucks when in relationship 😝 pic.twitter.com/ZIOwM3daZ5

— Aly (@imspidermonkey) January 21, 2020

#Zomato that was quick..you shut the UE app as well !! Well what can one say, UE was way cheaper n service was also better !! All the best, hope you keep up to the expectations pic.twitter.com/ZDps8O8YSp

— Sunil Shenoy (@sunil_shenoy) January 21, 2020

as soon as I hear the news I did the same with #UberEats what I did to #Zomato 😣 pic.twitter.com/1C9VvsvdP4

— Ballllllmma (@balma143) January 21, 2020

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