Uber to make a joint collaboration with Swiggy in Indian food delivery chain.They had already made talks to sell its Uber Eats operations in the country to rival Swiggy, according to a person familiar with the negotiations.
According to the reports the talks between Uber and Bangalore-based Bundl Technologies Pvt, which owns the Swiggy brand, are progressing.
Swiggy spokesman said by email that Swiggy doesn’t comment on “market rumours or speculation,” while Uber didn’t immediately respond to email and WhatsApp messages seeking comment on Sunday.
Uber Eats operates in more than 37 Indian cities, the company said last year. Swiggy, founded in 2014, delivers from about 60,000 restaurants in at least 80 cities, while the other leading player, New Delhi-based Zomato, transports orders from 80,000 restaurants in 150 Indian cities.
There are already speculations that Uber and Swiggy is planning to elaborate their business in India and abroad.The new move will increase the competition in the market as Zomato had already left their Saudi Arabia business to expand the India market.