Delivery Hero acquired Zomato's UAE food delivery business for $172m.

Delivery Hero, one of the leading global online food ordering and delivery marketplaces, acquired Zomato's UAE food delivery business for $172m. Zomato operates a restaurant search and discovery website and application providing in-depth information for restaurants in India and internationally. Moreover, Delivery Hero will participate in Zomato’s latest funding round by investing into Zomato’s global business to become a Top 10 shareholder and also enter into a material operational partnership agreement. Niklas Östberg, CEO of Delivery Hero, commented: “Zomato has built a successful food delivery business in the UAE and India on the back of its restaurant search and discovery app and website. The acquisition will allow us to further improve our service to customers in the UAE. We are also excited to become a shareholder in Zomato’s rapid food delivery growth story in India and share our learnings.“