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Race-spec Lamborghini Urus ST-X revealed

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Lamborghini has finally revealed the final race-ready version of the Urus ST-X concept that was showcased last year. Set to make its racing debut next year, the Italian marque says that the new Lamborghini Urus ST-X will be the first Super SUV in the world of racing.

The first race is scheduled during the 2020 World Finals in Misano Adriatico. Lamborghini said the winners of the four classes of the 2020 Super Trofeo will get to challenge a handful of professional racing drivers in a race comprised of only Urus ST-X SUVs. It will be held on a “special track,” Lamborghini said, suggesting that it might be something akin to a rallycross race where dirt sections and jumps are common.

Techanically, the Urus ST-X is powered by the existing 4.0-litre V8 engine from the existing model that generates 650bhp of power and massive 850Nm of peak torque. There are reports that the company might retune the V8 performance figures to deliver a higher power output. As seen in images, the race-spec model gets green (Verde Mantis) from the Lamborghini Squadra Corse along with the motorsport livery. The SUV also features sporty red detailing on the bumper and rides on large 21-inch aluminium wheels.

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Zomato acquires UberEats India for nearly Rs 2,500 crore

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New Delhi: Zomato on Tuesday announced that it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform.

According to sources close to the deal, it is in the range of over $350 million or nearly Rs 2,500 crore.

Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.

“We are proud to have pioneered restaurant discovery and to have created a leading food delivery business across more than 500 cities in India. This acquisition significantly strengthens our position in the category,” said Goyal, Founder and CEO, Zomato.

According to company sources, for the first three quarters of 2019, “our Uber Eats business comprised 3 per cent of our global Eats gross bookings, but was more than 25 per cent of our global Eats Segment Adjusted EBITDA losses”.

Uber started its food delivery service in India around mid-2017, but has not been able to scale up in the face of big players like Zomato and Swiggy.

It currently has nearly 26,000 restuarants listed on its platform from over 40 cities.

The market is piping hot as according to a recent study by business consultancy firm Market Research Future, the online food ordering market in India is likely to grow at over 16 per cent annually to touch $17.02 billion by 2023.

Uber CEO Dara Khosrowshahi said that the Uber Eats team in India has achieved an incredible amount over the last two years.

“India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader,” said Khosrowshahi.

“We have been very impressed by Zomato’s ability to grow rapidly in a capital-efficient manner and we wish them continued success,” he added.

On January 10, Zomato had announced that it has secured $150 million in fresh funding from Ant Financial, a subsidiary of China-based giant Alibaba.

The latest round of funding in Zomato, which currently value the company at $3 billion, is part of $600 million funding round announced by Zomato CEO Goyal at a Delhi event last December.

The deal comes in the wake of merger talks between Zomato and Swiggy, whoch both the companies have denied to date.

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