India: Food delivery startups Zomato, Swiggy show appetite for more acquisitions

Photo: Zomato

Food delivery startups Swiggy and Zomato are scouting for acquisitions. While Zomato announced the purchase of drone startup TechEagle, Naspers-backed Swiggy is in early talks with several companies for possible buyouts, said two people familiar with the matter. Investor interest in food-tech startups does not seem to ebb with top players Swiggy and Zomato, and at least three other companies, inching towards closing their next funding round.

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