Swiggy-Uber Eats merger deal faces challenges

timesofindia.indiatimes.com

Uber is said to need to restructure its food delivery business, including the way it reports revenue to an entity in Europe, for a deal to progress. While there is also reportedly a difference in terms of valuations. Still, it seems Uber is keen to divest the business. As noted in last week's newsletter, Uber has said it plans to invest in India but it has stayed quiet on the uncertainty around Uber eat's future in the country.

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