Uber is reportedly close to making a tactical exit from India's food delivery industry

Uber has said adamantly that it won't exit India (or any more markets) following a hat-trick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business? If media reports are right, Uber is on the cusp of a tactical exit from India's food delivery industry. India's Economic Times is reporting that Uber is in the final stages of a deal that would see Swiggy, the food delivery service that recently raised $1 billion and expanded to general deliveries, eat up Uber Eats in India in exchange for giving the U.S. ride-hailing firm a 10 percent share of its business.