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.

Continue reading this story with a subscription to DealStreetAsia.


Contact us for corporate subscriptions at