SiMER Pulse-The SIMER Newsletter Feb 2020
INDUSTRIALIZATION A Step towards consolidation: Zomato acquires UberEATS Zomato acquired Uber Eats, the Indian food delivery division of Uber .This is the big win for zomato as the San Francisco-based ride-hailing giant decided to sell the entity off to Zomato as the India food business did not contribute significantly to its global business.This move was one of Uber’s steps towards cutting its losses, but it marked the first big step towards a consolidation for the Indian foodtech market. For despite the fact that the two big players, Zomato and Swiggy, dominate the space,…continue reading →