Uber selling its stake in India’s Zomato

Uber Technologies has reportedly sold its minority stake in Indian food-delivery firm Zomato.

According to reports published by the Wall Street Journal, Bloomberg and Reuters, Uber sold its 7.8% stake for about $390 million.

Uber became a shareholder in Zomato in January 2020, when it sold its Uber Eats business in India to the then-private company.

Zomato went public in July 2021 and, according to the Wall Street Journal, its shares have lost more than half their market value over the past year.

The Wall Street Journal and analysts pointed out the sale of Zomato share will brings Uber an infusion of cash at a time when some of its equity investments have taken a hit – and the company yesterday (2 August) posted a net loss of $2.6 billion for the second quarter.

Relevant Directory Listings

Listing image


Focus on the user experience SwipBox is focused on creating the world’s best user experience for delivering and picking up parcels using parcel lockers. Through a combination of intuitive network management software and hassle-free, app-operated parcel lockers, SwipBox delivers maximum convenience to logistics providers, retailers […]

Find out more

Other Directory Listings




P&P Poll


What’s the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!

MER Magazine

The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.


News Archive

Pin It on Pinterest

Share This