Deals
Uber in Talks to Sell India Food-Delivery Business
- U.S. ride-hailing company in discussions with Swiggy: person
- Uber seeks to exit India’s competitive food-delivery sector
An Uber Eats food delivery in New Delhi.
Photographer: Chandan Khanna/AFP via Getty Images
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Less than two years after Uber Technologies Inc. entered India’s competitive food-delivery business, it’s in talks to sell its Uber Eats operations in the country to rival Swiggy, according to a person familiar with the negotiations.
The talks between Uber and Bangalore-based Bundl Technologies Pvt, which owns the Swiggy brand, are progressing and a deal could be sealed within the coming weeks, said the person, who is privy to the discussions but asked not to be identified because the negotiations are confidential.