Zomato's acquisition of Uber Eats India valued at $206m

Zomato's acquisition of Uber Eats India valued at $206m

Table setting at Zomato Summit. Photo: Zomato

Uber Technologies Inc sold its India food business – Uber Eats India – to rival Zomato for $206 million in cash and shares, according to the Silicon Valley-headquartered ride-hailing giant’s filing with the US Securities and Exchange Commission (SEC).