Zomato Sells Its UAE Business To Delivery Hero For Rs. 1,200 Crore
Thus far, Zomato had been making news for expanding into international markets — it’s now retreated from a major one. Zomato has sold its UAE business to Delivery Hero for $172 million (Rs. 1,200 crore). Delivery Hero is a Germany-based food delivery service that operates in more than forty countries. Interestingly, one of Delivery Hero’s biggest investors is Naspers, which is also the biggest investor in Zomato’s India arch-rival Swiggy. UAE was one of Zomato’s...
Post to Tumblr