Uber is close to selling the India-based arm of its UberEats food delivery service to Zomato, a local competitor in the crowded space, reports TechCrunch’s Manish Singh. According to the outlet’s sources, Uber is advanced stages of talks to close the deal; UberEats is said to be valued at roughly $400 million, and its parent company will invest between $150 million and $200 million for a stake in Zomato. The move is likely a measure for Uber to cut losses, as it has been bleeding billions of dollars each quarter this year, and aims to become profitable by 2021. UberEats…
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