Zomato to sell UAE food delivery business for $172 million

(Reuters) – Zomato Media Pvt Ltd will sell its UAE food delivery business to Germany’s Delivery Hero Group for about $172 million, Zomato’s second-largest shareholder Info Edge (India) Ltd said on Monday.

Zomato and Naspers-backed Delivery Hero will then enter services agreements under which Zomato will continue to run the business on its own platform

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