Zomato invests $275 mn in four startups, will deploy $1 bn over two years

Propels Curefit to unicorn club by investing at $1.66 bn valuation

Foodtech major Zomato on Wednesday said that it has committed investments of $275 million in four startups in the past six months and will deploy another $1 billion over one to two years, with most of it going to the quick commerce space.

The company said for this reason, it has shut down its nutraceutical business, selling its stake in sports start-up Fitso to Curefit for $50 million, will invest another $50 million in Curefit and in exchange and will take 6.4 per cent shareholding in the company in which Tata recently acquired a stake. This also means that Curefit’s