.
MergerLinks Header Logo

New Deal


Announced

Completed

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

Financials

Edit Data
Transaction Value£270m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

India

E-commerce

Single Bidder

Majority

food delivery services

Acquisition

Private

Friendly

Private Equity

Completed

Cross Border

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US