Mukunda Foods raises USD 5 million from Zomato
NEW DELHI: Food robotics company Mukunda Foods has raised $5 million in a funding round led by Zomato, taking the company’s post-money valuation to $30 million. The brand has previously raised funds from Ncubate Capital, Singapore Angel Network, and Indian Angel Network. So far, the brand has raised a total of around $8 Million, including […]
Zomato to provide $150 million loan to Grofers India, buy stake in Mukunda Foods
NEW DELHI: Online food delivery platform Zomato on Tuesday said its board has approved granting a loan of up to USD 150 million (around Rs 1,145 crore) to digital grocery shopping player, Grofers India Pvt Ltd (GIPL). The board has also approved acquisition of 16.66 per cent take in food robotics and automation firm, Mukunda […]