Uber Eats may sell Indian biz to Swiggy by March, keep 10% stake: Report


Uber Eats, the food delivery arm of ride-hailing app Uber Technologies Inc, is close to a deal to sell its Indian business to Bengaluru-based Swiggy, the Economic Times reported on Friday. The share-swap deal is expected to close by next month and will give Uber a 10 percent stake in food delivery service Swiggy, the paper said, citing people privy to the development.

Separately, the Times of India reported that Uber was considering the sale of its food delivery arm in India and has been in talks with Swiggy and Gurugram-based Zomato. Swiggy.

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