Zomato to invest $1 billion in startups2 min read . Updated: 11 Nov 2021, 05:48 AM IST
The planned investment would be in addition to the $275 million Zomato spent across four companies in the past six months. This includes a $100 million investment in hyperlocal grocery delivery service Grofers
Zomato Ltd plans to invest $1 billion in startups over the next two years, founder and chief executive Deepinder Goyal said on Wednesday, even as the food delivery company’s loss widened on higher customer acquisition costs.
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