Sign In
Uber's food-delivery bet on Zomato starts paying off
Aditi Shrivastava
Aditi Shrivastava
India joins a list of markets including China and Southeast Asia where Uber is likely to go in the black on an investment after selling a local biz
March 02, 2021
4 MINS READUber exited its meal delivery business Uber Eats in India in January 2020 by selling it to Zomato for a 9.99% stake in the company. This stake, Uber had said at the time, was valued at $171 million. For share-swap purposes, Zomato’s valuation was pegged at $1.7 billion.
Now, Zomato is valued at $5.4 billion. And although Uber’s stake in Zomato has been diluted to about 8%, it will be worth over $400 million now, show back-of-the-envelope calculations by The CapTable.
Read this article for free
Sign in using
Or
Sign in using your email
Don't have an account?
Sign Up
Forgot Password?
By signing up for The CapTable you agree to the
Smart Information, Better Decisions
We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.
Inside View with Org Charts
Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.
Seasoned Team
Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.
Inside View
We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.
LatestStories
Food Delivery
the-crux
How Zomato’s stellar stock performance in FY24 drove Nifty 500 gains
By Sohini Mitter
Funding winter
Premium Reads
The unicorn report card: A snapshot of how India’s top startups fared over the past 5 years
By Nikhil Patwardhan
E-commerce
Premium Reads
Zomato's next frontier: Blinkit's expansion signals quick commerce takeover
By Pranav Balakrishnan
For subscribers only
Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.
9 Min Read
The unicorn report card: A snapshot of how India’s top startups fared over the past 5 years
By Nikhil Patwardhan
9 Min Read
Zomato's next frontier: Blinkit's expansion signals quick commerce takeover
By Pranav Balakrishnan
16 Min Read
Umang Bedi on Dailyhunt's rise and why he’s bullish about subscriptions and local short-video platforms
By Nikhil Patwardhan
11 Min Read
CEO exit highlights Ola’s mounting ride-hailing struggles
By Pranav Balakrishnan
9 Min Read
How Pocket FM won over Middle America to hit $160 Mn in ARR
By Sohini Mitter
8 Min Read
The case for New Umbrella Entities to counter UPI’s foreign-owned duopoly
By Dr Srinath Sridharan