Uber set to buy Delivery Hero in ₹1.4 lakh crore deal

Uber has reached an agreement to purchase the German-based food delivery business Delivery Hero for $14.8 billion, which is approximately ₹1.4 lakh crore. This acquisition is expected to establish the biggest food delivery entity outside of China, bolstering Uber's competitive standing against players like Just Eat and DoorDash. Through this move, Uber plans to grow its food delivery and taxi operations across 58 markets, a significant increase from its present footprint of 34 markets.

by shortkt.com
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Uber set to buy Delivery Hero in ₹1.4 lakh crore deal | ShortKT