Uber agreed to sell its Indian food-delivery unit to a local rival, shedding a struggling business in a move that could steer the ride-hailing company toward profitability
Uber Technologies Inc. agreed to sell its Indian food-delivery unit to a local rival, shedding a struggling business in a move that could steer the ride-hailing company toward profitability.
The deal with Zomato Media Pvt. Ltd has been under negotiation since last year and it was formally unveiled on Tuesday in India. It gives Uber a 9.99% stake in Zomato.
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