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In November 2022, Zomato introduced Zomato Pay feature, which allowed users to make payments at partner restaurants and avail offers, and partner restaurants to promote themselves. [53] In June 2023, Zomato launched a feature that enabled users to build carts from up to four restaurants and place the order together. [54]
Following this, Zomato granted a US$150 million loan to Blinkit. Zomato had acquired a 10% stake in company the year prior. [28] [29] Following numerous discussions, on 24 June 2022, Zomato announced that it would acquire Blinkit for US$568 million in an all-stock deal. [15] The acquisition was completed on 10 August 2022. [16] [30]
In 2015, Swiggy received a $2 million investment from Accel and SAIF Partners, along with additional investment from Norwest Venture Partners. [7] The following year, it raised $15 million from both previous and new investors, including Bessemer Venture Partners and Harmony Partners. [7] In 2017, Naspers led an $80 million funding round into ...
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