Uber plans to sell 7.8% stake in Indian food delivery firm Zomato

Uber plans to sell its 7.8% holding in Indian food delivery firm Zomato as early as Wednesday, a source familiar with the matter told TechCrunch.
The ride-hailing giant, which acquired stake in the Indian firm when it sold its local Uber Eats business to Zomato in early 2021, plans to sell its stake through a block deal of over $350 million, for which it is working with Bank of America Securities, the source said, requesting anonymity as the details are private.
The U.S. firm, which reported a net loss of $2.6 billion for the second quarter, said Tuesday that it assumed an unrealized loss of $

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