Zomato in talks to sell UAE biz to German co

The company is exploring a divestment as it is not keen on ceding a lot more stake to Ant Financial, which already owns 28% of the company. Info Edge, an early backer which owns around 28% of the company, called the battle with Swiggy “a hugely capital-consumptive game” and said it is not likely to participate in a follow-on round.

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