Restaurant-listings firm Zomato is close to acquiring Bangalore-based last-mile delivery startup Runnr in an all-stock deal as it looks to strengthen its fast-growing food-ordering business, a media report said citing people familiar with the development.
The deal values Zomato at $800 million and pegs Runnr’s enterprise value at $40 million, a report in The Times of India said.
Last month, it was reported that UberEATS, the food-delivery service of cab-hailing firm Uber, was also in talks with Runnr for a potential acquisition. However, it seems the negotiations fell through. While UberEATS pegged the company’s valuation at $50 million, Zomato was willing to offer $20-30 million, the reports said.
Runnr’s $40-million valuation comprises […]