Zomato-Uber Eats deal to up appetite of global investors - News Summed Up

Zomato-Uber Eats deal to up appetite of global investors


BENGALURU: The competitive dynamics in India’s food delivery market is expected to remain largely unchanged with Zomato ’s acquisition of Uber Eats India , restaurant partners and analysts told ET. Uber Eats will, however, continue to operate in Sri Lanka and Bangladesh. ET has a copy of the email.The National Restaurant Association of India (NRAI) said the acquisition will have little or no impact on the broader food delivery space, given that Uber Eat’s share in the overall delivery pie was minuscule. Brands that were exclusive on Uber Eats included London Bubble Co, Bohri Kitchen and Bombay Biryani. People in the know said shutting the Eats app immediately may not translate into Zomato getting more than 70% of the company’s customers.


Source: Economic Times January 22, 2020 02:57 UTC



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