Ant Financial-backed Zomato buys Uber's Indian food delivery arm
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(Reuters) - Indian online food delivery startup Zomato said it bought Uber's food delivery business in the country in an all-stock deal that gives the ride-hailing app a 10% stake in Zomato, which is backed by Alibaba's Ant Financial.Uber Technologies Inc's food delivery business struggled to take off in India after launching in 2017, as Zomato and other local rival Swiggy dominated the market. Uber Eats also pulled out of South Korea earlier this year.The deal is worth around $350 million,..