CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Company has acquired the Indian operations of Uber Eats?
A
Zomato
B
Swiggy
C
Foodpanda
D
McDonald
Explanation: 

Detailed explanation-1: -Zomato has acquired the Indian operations of Uber Eats, the food delivery biz run by Uber, for around $350 million.

Detailed explanation-2: -Zomato has acquired the Indian operations of Uber Eats, the food delivery business run by Uber, for around $350 million (Rs 2, 485 crore).

Detailed explanation-3: -On January 21 Zomatoo acquired UberEats in the all-stock acquisition, with UberEats gaining 9.99 per cent stake in Zomato. Zomato is an Indian restaurant and food delivery startup founded in the year 2008 by Deepinder Goyal. Zomato offers its services in 24 countries and in 10, 000 cities.

Detailed explanation-4: -On 29 June 2021, the firm acquired a 9.3% stake in Grofers for nearly US$120 million. On 24 June 2022, Zomato acquired Blinkit (formerly Grofers) for US$568 million in an all-stock deal.

Detailed explanation-5: -Uber Technologies Inc. sold its minority stake in Indian food-delivery company Zomato Ltd.

There is 1 question to complete.