In brief: Swiggy set to acquire Uber Eats in India

The deal, which is expected to close by next month, will be Swiggy’s largest acquisition to date.

Uber is said to be cutting costs in preparation for an IPO later this year, with some estimates valuing the ride-hailing giant at US$120 billion. In recent years, it has sold regional operations – including food delivery – in China and Southeast Asia to local players Didi and Grab, respectively.

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