Zomato Buys 16.66 Percent stake in Mukunda Foods for $5 Million

The investment will help Mukunda scale up its ghost kitchen operations.

The News

• Indian food delivery giant Zomato is acquiring a 16.66 percent in Indian restaurant kitchen automation company Mukunda Foods for $5 million. (Hat tip: New Delhi TV)

• Mukunda Foods is currently building out its Kitchen as a Service (KAAS) platform through a network of ghost kitchens around the world that will fit well into Zomato’s food delivery service.

• There is also synergy between Zomato’s Hypermarket service and Mukunda’s KAAS.

The Story

While this isn’t the hugest deal in the world, moneywise, the partnership between Zomato, a restaurant food delivery company, and Mukunda, which is building a network of automated ghost kitchens, makes a lot of sense.