Zomato to invest $400 mn in quick commerce over next two years

Foodtech firm will also set up NBFC to disburse credit to customers, restaurants and food delivery workers

Zomato said that it will continue to invest both in its core food business and in quick commerce –  and updated the upper bound of our potential investments in this category to $400 million cash over the next two years. 

It is also in the process of setting up an NBFC which will help it provide credit to customers, restaurants and delivery partners. According to media reports earlier today, the foodtech major is planning to offer its own buy now pay later service.

The company said that it has around $1.7 billion of cash on its balance sheet and has made cash