RIDE-SHARE giant Uber has sold its meal delivery business in India to Zomato, one of its local competitors, as it steps up efforts to achieve profitability.
India is one of Uber's biggest markets for rides, but its UberEats meal delivery service has struggled to keep up with the two largest online food-delivery players Zomato and Swiggy.
In exchange for the network of restaurants, delivery drivers and customers that UberEats has developed in India since 2017, Uber will receive 9.99 per cent of Zomato's capital, according to a release issued Monday (20).
The statement did not specify the value of the Indian start-up.
UberEats users will be redirected to Zomato starting Tuesday (21).
Uber CEO Dara Khosrowshahi said: "India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader”.
Uber, whose share price has tumbled since its public offering in May, is due to release its annual results on February 6.
The group, which promised investors profitability by the end of 2021, has already cut expenses and shed more than 1,000 employees in 2019.
Its Uber Eats service is growing fast but faces intense competition in many countries.
Zomato's CEO Deepinder Goyal said in the statement that "this acquisition significantly strengthens our position in this category."
The app, which offers restaurant reviews and trial offers in addition to meal deliveries, boasts more than 70 million users per month.
Major Food Group, the hospitality powerhouse behind CARBONE and over 50 restaurants worldwide, is bringing Major’s Grill to London’s Cambridge House.
The restaurant will occupy a Georgian ballroom dating back to 1878 within the Grade I-listed Palladian mansion at 94 Piccadilly.
Cambridge House, Auberge Collection, opens in 2026 as a 102-suite luxury hotel with the restaurant as its culinary centrepiece.
Global expansion move
New York's Major Food Group is bringing its signature theatrical dining style to London with the launch of Major's Grill, a glamorous new restaurant set to open at Cambridge House, Auberge Collection in 2026.
The announcement, made on October (15), marks a significant expansion for the hospitality group founded by Mario Carbone, Rich Torrisi and Jeff Zalaznick. Since 2011, the group has built a global empire of over 50 restaurants, bars and private clubs spanning 15 cities worldwide, including New York, Miami, Hong Kong, Dubai and Riyadh.
Major's Grill will be housed at 94 Piccadilly, the former Naval & Military 'In and Out' Club, as part of Reuben Brothers' £1 billion regeneration of 1.3 acres of the Piccadilly Estate. The restaurant will occupy a Georgian ballroom and courtyard dating back to 1878.
"It would be impossible to overstate what a privilege and dream come true it is for Mario, Rich, and me to have the opportunity to serve as the new culinary stewards of this storied London address," noted Jeff Zalaznick, co-founder of Major Food Group.
London luxury revival
Drawing inspiration from classic London grills and mid-century dining culture, the restaurant promises theatrical tableside service, an extensive martini programme with at least 10 variations, and a wine list featuring First Growth Bordeaux, Grand Cru Burgundy and rare cult vintages.
The Grade I-listed Palladian mansion has hosted royalty and political figures since 1756. It served as a proxy Downing Street for Prime Minister Lord Palmerston and later became home to the legendary Naval and Military Club from 1865 to 1999.
"This bold and original concept is exactly what we always envisioned for Cambridge House," said Jamie Reuben, principal at Reuben Brothers. "Together with Major Food Group and Auberge Collection, we're creating a destination inspired by The Grill, the iconic New York institution."
French designer Jean-Louis Deniot will oversee the restaurant's interior renewal. The partnership represents Auberge Collection's continued expansion into urban and European markets, with properties opening in Florence and Geneva earlier in 2025. Major Food Group operates CARBONE locations in Hong Kong, Dubai, Doha and Riyadh, reflecting its global reach beyond North America. Cambridge House will feature 102 suites alongside Major's Grill, with additional amenities including bars, lounges, a subterranean club and a double-level spa.
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