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In June 2023, Zomato launched a feature that enabled users to build carts from up to four restaurants and place the order together. [53] In October 2023, the company started offering hyperlocal package delivery service on a separate app called Xtreme. [54] In August 2024, Zomato announced the launch of "district" an app. [55]
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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]
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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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A deal would help consolidate Trump's involvement with an industry that he championed in the run-up to the U.S. presidential election. The president-elect has also launched a new crypto venture ...