Swiggy and Zomato may be eyeing receiving delivery of Uber's food delivery platform UberEats, a Times of India report said.

The paper said the deal transaction will through a share-swap deal with Uber taking shares in the buyers for the agreed-upon valuation. The valuation and share-swap ratios are being discussed, the sources told the paper.

UberEats’ India business, the paper said, does around 2,50,000 deliveries a day with a gross sales run-rate of $200-250 million, adding that its competitors do four-five times more deliveries than the company.

The paper, when contacted Uber, declined the news and said they do not wish to comment on speculation.

First Published:Feb 22, 2019 9:05 AM IST