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