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Started in 2014 by Ankit Kawatra, Feeding India is a nonprofit organisation which serves free meals to underprivileged people with the help of volunteers. [86] Feeding India was acquired by Zomato in July 2019. [87] In May 2022, Zomato claimed that Feeding India was serving over 200,000 meals every day under its Daily Feeding Program. [88]
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In 2011, Sriharsha Majety and Nandan Reddy designed an e-commerce website called Bundl to facilitate courier service and shipping within India. [6] Bundl was halted in 2014 and rebranded to enter the food delivery market. [7] Majety and Reddy approached Rahul Jaimini, formerly with Myntra, and founded Swiggy in August 2014. [8] [6] [7]
Following this, Zomato granted a US$150 million loan to Blinkit. Zomato had acquired a 10% stake in the 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]
India's Zomato is shutting down its inter-city food-delivery service, CEO Deepinder Goyal said in a social media post on Thursday. The service, launched in 2022 and named Intercity Legends ...
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