Though market analysts find ground reality completely opposite. Uber still sees a high loss in the Indian market. UberEats was losing about $15-20 million a month in India, said ET report quoting an investor. As per an estimate, in comparison, both Swiggy and Zomato bleed $35-45 million a month. And, they have been successful in keeping the ante high through a constant flow of investments. Last year Zomato raised $410 million from Ant Financial whereas Swiggy raked in $1.3 billion in multiple rounds. What seems apparent for Uber here is, it is looking for another safe retreat, as it did find with Grab for its transport and food business in Southeast Asia, to save itself from growing losses and have a stake in the growing business. Meanwhile, the bigger question is for Swiggy - why is it acquiring UberEats? And an even larger question asks what value proposition is driving this deal?