Ride-share giant Uber has sold its meal delivery business in India to Zomato, one of its local competitors, as it steps up efforts to achieve profitability.

India is one of Uber’s biggest markets for rides, but its UberEats meal delivery service has struggled to keep up with the two largest online food-delivery players Zomato and Swiggy.

In exchange for the network of restaurants, delivery drivers and customers that UberEats has developed in India since 2017, Uber will receive 9.99 percent of Zomato’s capital, according to a press release issued Monday evening.

The statement did not specify the value of the Indian start-up.

UberEats users will be redirected to Zomato starting Tuesday.

“India remains an except...
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