Alibaba plans to invest funds in Zomato whereas Uber allocated $200 million for UberEats

Online food delivery startups in India are gaining popularity within no time. Zomato and Swiggy are planning to invest $200 million from risk investors. On the other hand, ride-hailing service provider Uber planned to invest $200 million into its food delivery business UberEats.

According to the news obtained from sources, Zomato has taken a way to initiate their goals of capturing the large Indian market. Zomato is thus busy in talks with Alibaba, the Chinese eCommerce major which has already invested in multiple brands in India. On the other hand, Swiggy is planning for new $200 million financing round with the help of Yuri Milners DST Global, Coatue Management and Meitun –Dainping which is a Chinese food review and delivery giant.

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