Uber all set to sell UberEats' India business to Zomato

Uberis in advanced stages of talks to sell its food delivery service UberEats' India business to local rival Zomato,as the American ride-hailing giant looks to cut its spending globally, three people familiar with the matter told TechCrunch.The deal values UberEats' India business at around $400 million, one of the sources said.As part of the deal, Uber may invest between $150 to $200 million in Zomato and get a sizable stake in the 11-year-old Indian firm, people said.