In the near future, both Zomato and Swiggy want to cook a lot of food themselves. It puts them in a strange predicament, and that’s just the start of their many challenges.
Earlier last week Zomato, one of India’s oldest restaurant app companies, acquired Uber Eats, Uber’s food delivery business in India. The merger of the two businesses created what is in theory India’s largest food delivery company by market share. A spot that till now was held by Zomato’s much younger, Bengaluru-based rival Swiggy.
Zomato Media Pvt. Ltd has acquired the Indian business of Uber Eats, the food delivery business of the ride-sharing giant, in an all-stock deal, adding a powerful new investor to its shareholder roster in its battle against arch-rival Swiggy for supremacy in India. Uber will get a …
Ashish is the editor-in-chief of The Morning Context. One of the best-known business feature writers in India, he was selected for Germany’s Robert Bosch Stiftung Fellowship in 2012 and received the Mumbai Press Club RedInk certificate of recognition in 2015 for his story “Inside the Network 18 takeover”. Before joining The Morning Context, Ashish co-founded The Ken, where he was managing editor. His previous writing stints include Mint, Forbes India and The Economic Times.
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