With Zomato acquiring UberEats, the Gurgaon-headquartered company will finally have a decent presence down south, a market dominated by Bengaluru-based Swiggy. Zomato on 21 January announced it had acquired UberEats in an all-stock deal, where Uber gets 9.99 percent stake in the Indian startup.
“The deal creates a duopoly in the market and the competition will be between Zomato and Swiggy, especially now, with Zomato making inroads into the South,” said Sanchit Vir Gogia, chief analyst and founder of Greyhound Research.
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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