Article taken from: finance.yahoo.com
TOKYO, JAPAN – 2019/12/24: American online food ordering and delivery platform launched by Uber, Uber Eats, worker seen riding his bicycle in Tokyo, Japan. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) More 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 Eat…
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