Uber Exits Online Food Delivery in India With Zomato Share Sale

Uber Technologies Inc. sold its 612 million shares in India’s Zomato Ltd. at a discount, marking the ride-hailing giant’s exit from the country’s online food-delivery market following the expiry of an investor lock-up period.

Zomato fell 0.2% to close at 55.45 rupees (0.7 US cents), after dropping as much as 9.5% shortly after opening on Wednesday.