Uber announced this week that it has sold its food delivery business in India to a local rival called Zomato. Zomato is backed by Alibaba affiliate Ant Financial, who has agreed to invest up to $150 million at a pre-money valuation of $3 billion, according to official filings from Zomato-shareholder Info Edge. The sale was … Continue reading “Uber Has Sold its India Food Delivery Business to a Rival”
