Zomato acquired Uber Eats India for $206 mn in all-stock deal, reveal filings

Zomato had paid $206 million in stock to acquire Uber's food delivery business in India, regulatory filings have revealed. This is almost $150 million less than the estimate of $350 million made by media reports in January this year. Following this acquisition, Uber will get a 9.99% stake in Gurugram-based Zomato.