Zomato completed the acquisition of food delivery business in India of Uber for £270m.

Zomato, an Indain food delivery app, agreed to acquire food delivery business in India of Uber for £270m. “Our Uber Eats team in India has achieved an incredible amount over the last two years, and I couldn’t be prouder of their ingenuity and dedication. India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader. We have been very impressed by Zomato’s ability to grow rapidly in a capital-efficient manner and we wish them continued success,” Dara Khosrowshahi, Uber CEO.