Zomato sells UAE business to Delivery Hero Group for $172 million

Zomato sells UAE business to Delivery Hero Group for $172 million

  • Zomato sells UAE business to Delivery Hero Group for $172 million Delivery Hero will participate in Zomato's latest funding round by investing $50 million in Zomato's global business Last Updated at March 4, 2019 21:17 IST
  • To spit or to swallow - that is the question Before fundraising, Zomato looks to bolster its senior management Zomato to launch own digital wallet, aims to boost predictability of orders Zomato acquires food-at-work startup TongueStun for undisclosed amount With eye on aerial deliveries, Zomato acqui-hires drone startup TechEagle Online food technology giant Zomato has sold its food delivery business in the United Arab Emirates (UAE) to the Delivery Hero Group for around $172 million, it is learnt.
  • In a statement, the Berlin-based food delivery firm announced on Monday it has entered into an agreement with Zomato Media to buy its business via Delivery Hero’s fully owned subsidiary Talabat Middle East Internet Services Company LLC.


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