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Uber sells food delivery business in India

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Uber sold its food delivery business, Uber Eats, in India to Zomato, its local rival.

Through the deal, Uber gains a 10% stake in Zomato. The purchase values Uber Eats' India business at $160 million to $200 million, sources familiar with the matter said.

Uber Eats entered India in 2017.

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