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Zomato Acquires UberEats in India in an all-stock Deal

The deal comes in the wake of merger talks between Zomato and Swiggy, whoch both the companies have denied to date

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Zomato NRAI
Zomato in a smartphone device. Pixabay

Zomato on Tuesday announced that it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform.

According to sources close to the deal, it is in the range of over $350 million or nearly Rs 2,500 crore.

Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.

“We are proud to have pioneered restaurant discovery and to have created a leading food delivery business across more than 500 cities in India. This acquisition significantly strengthens our position in the category,” said Goyal, Founder and CEO, Zomato.

According to company sources, for the first three quarters of 2019, “our Uber Eats business comprised 3 per cent of our global Eats gross bookings, but was more than 25 per cent of our global Eats Segment Adjusted EBITDA losses”.

Uber started its food delivery service in India around mid-2017, but has not been able to scale up in the face of big players like Zomato and Swiggy.

It currently has nearly 26,000 restuarants listed on its platform from over 40 cities.

Zomato, Dining, Gold
Home-grown restaurant search and delivery platform Zomato on Friday introduced the “Infinity Dining” plan for its “Gold” subscribers that allows them to have unlimited buffet at partner restaurants. Pixabay

The market is piping hot as according to a recent study by business consultancy firm Market Research Future, the online food ordering market in India is likely to grow at over 16 per cent annually to touch $17.02 billion by 2023.

Uber CEO Dara Khosrowshahi said that the Uber Eats team in India has achieved an incredible amount over the last two years.

“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,” said Khosrowshahi.

“We have been very impressed by Zomato’s ability to grow rapidly in a capital-efficient manner and we wish them continued success,” he added.

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On January 10, Zomato had announced that it has secured $150 million in fresh funding from Ant Financial, a subsidiary of China-based giant Alibaba.

The latest round of funding in Zomato, which currently value the company at $3 billion, is part of $600 million funding round announced by Zomato CEO Goyal at a Delhi event last December.

The deal comes in the wake of merger talks between Zomato and Swiggy, whoch both the companies have denied to date. (IANS)

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Monitoring Method May Help To Conserve Lions in India

In the new study, Keshab Gogoi and his colleagues have demonstrated an alternative method for monitoring Asiatic lions

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Lions
Conserving this sub-specie of lions with the use of best scientific methods is a global priority and responsibility, according to authors of the study from the Wildlife Institute of India (WII). Pixabay

An alternative method of monitoring endangered lions in India can help improve estimates of their numbers and also in making informed conservation policy and management decisions.

New conservation practices have helped increase the number of Asiatic lions from 50 to 500 in the Gir Forests of Gujarat.

Accurate estimates are needed for better conservation efforts, according to a study published in the journal PLOS ONE.

The existing methods, particularly a technique known as total counts, can miss some and double-count others. Also, they provide limited information on the spatial density.

Conserving this sub-specie of lions with the use of best scientific methods is a global priority and responsibility, according to authors of the study from the Wildlife Institute of India (WII).

In the new study, Keshab Gogoi and his colleagues have demonstrated an alternative method for monitoring Asiatic lions.

“Our research addresses this priority by developing a robust approach to their population assessment and monitoring, which can be used for all lion populations across the world,” said an author.

Gogoi and colleagues used whisker patterns and permanent body marks to identify lions using a computer programme, and analysed the data with a mathematical modelling method known as ‘spatially explicit capture recapture’ to estimate the lion density.

They also assessed the prey density and other factors that could influence the lion density.

Lion, Predator, Dangerous, Mane, Big Cat, Male, Zoo
An alternative method of monitoring endangered lions in India can help improve estimates of their numbers and also in making informed conservation policy and management decisions. Pixabay

The researchers identified 67 lions of the 368 sightings within the 725 sq km study area in the Gir Forests, estimating an overall density of 8.53 lions per 100 sq km. They found the prey density didn’t appear to influence the lion density variations in the study area.

The lion density was higher in the flat valley habitats (as opposed to rugged or elevated areas) and near sites where food had been placed to attract lions for tourists to see them.

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The study suggests that baiting lions for tourism affects their natural density patterns, in line with other researches that baiting disrupts lion behaviour and social dynamics.

The authors said the alternative monitoring method could be used to assess lions across their range (in India and Africa) and better conservation efforts. (IANS)