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 […]
Zomato raises $195 million in funding from 6 investors, valued at $3.6 billion
NEW DELHI: Info Edge on Friday said its investee company Zomato has raised $195 million (about Rs 1,455.4 crore) in funding from six investors including Luxor, Kora, and Steadview, valuing the online food ordering platform at $3.6 billion. “Zomato has closed a primary fundraise of $195 million from six different investors…the transactions valued Zomato at […]
Restaurants association, Zomato still sparring over on Gold programme
NEW DELHI: National Restaurant Association of India (NRAI) on Monday said no significant progress could be made on Zomato Gold issues in the meeting held with the company. The discussions on eight central issues in the second meeting with key delivery aggregators Zomato and Swiggy were, however, mostly positive, it added. “Follow up meetings with […]
Zomato introduces 26 weeks paid parental leave to all employees
NEW DELHI: Online restaurant guide and food ordering firm Zomato on Monday said as part of its new paternal leave policy it will be offering at least 26 weeks paid leave to its employees. In addition to the flexibility and empowerment to care for their families as they deem fit, the new parents will also […]
Swiggy, Zomato, UberEats and Foodpanda remove 10,500 restaurants for violating food safety law
NEW DELHI: As many as 10,500 restaurants have been de-listed by e-commerce firms like Zomato and Swiggy for not having license or registration under the food safety law, Parliament was told on Friday. Minister of state for health Ashwini Kumar Choubey said the Food Safety and Standards Authority of India or FSSAI in July directed […]