News > Uber likely to sell its 7.8% stake in Zomato for Rs 2,938 cr

Uber likely to sell its 7.8% stake in Zomato for Rs 2,938 cr

Uber is likely to sell its 7.8 per cent stake in online food delivery platform Zomato that could be worth around Rs 2,938 crore ($373 million), multiple reports said on Tuesday. The offer is expected to come with a price range of Rs 48-54 per share, equivalent to 612 million or 7.8 per cent of total outstanding shares. 

Uber received a stake in Zomato after selling off its food delivery business in India to the food aggregator in a transaction in 2020.