mumbaibengaluru the domestic online fooddelivery space is likely to see another big consolidation move play out ubereats and zomato have put in a bid to acquire fooddelivery and logistics startup runnr three people familiar with the matter told toi while the ubereats offer values the bengalurubased runnr at 50 million zomato has pegged the valuation at 30 million sources saidrunnr was formed after the merger of two of the most highprofile and wellfunded startups of 2015 hyperlocal logistics roadrunnr and fooddelivery venture tinyowl they are also in the midst of discussions with financial investors for a 610 million funding round another person privy to the matter saidthere are three options on the table but a decision is yet to be made both ubereast and zomato have put in a term sheet at different valuations there may be a chance that the financing round may go through for now as the board decided not to go for a complete sale a person close to the matter said on the condition of anonymity a term sheet is a nonbinding agreement for a potential investmentrunnr started off afresh last year as a consumerfacing food delivery firm and was competing with the likes of swiggy zomato and foodpanda it recently shuttered its consumerfacing business and has gone back to being a logistics company which is now delivering for other fooddelivery players mohit kumar cofounder ceo runnr did not respond to an emailed query emails and text messages sent to a zomato spokesperson did not elicit a response while an uber spokesperson replied this is baseless speculation