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Wednesday, 30 January 2019

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / Zomato in talks to sell UAE biz to German co for $200m

Zomato in talks to sell UAE biz to German co for $200m

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The company is exploring a divestment as Zomato co-founder and CEO Deepinder Goyal is not keen on ceding a lot more stake to Ant Financial, which already owns 28% of the company, said these sources. 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

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2FZECZ8
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