Zomato all set to buy rival Uber Eats

Food delivery startup Zomato is in advanced stages of talks to buy rival Uber Eats in a deal that will ratchet up its expansion to 550 cities and boost its presence in southern markets.

The deal with Uber Eats, a unit of the American ride-hailing company, is in the last lap and could close by as early as the end of January, said multiple people familiar with the discussions between the two companies.

Zomato did not comment for this article.