Swiggy, UberEats can’t tally numbers for a deal

Bengaluru: Swiggy and UberEats India have stalled their merger talks after months of negotiations as the two food delivery companies could not agree on the financial terms and taxation clauses of the proposed deal, three people aware of the matter said. 

Aside of the deal terms not being agreeable for both sides, sources said SoftBank, an existing investor in Uber, had proposed to infuse primary capital at a reduced valuation in Swiggy, which also derailed the discussions.

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